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InPlay Oil (TSX:IPO) Receivables Turnover : 2.90 (As of Mar. 2024)


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What is InPlay Oil Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. InPlay Oil's Revenue for the three months ended in Mar. 2024 was C$38.0 Mil. InPlay Oil's average Accounts Receivable for the three months ended in Mar. 2024 was C$13.1 Mil. Hence, InPlay Oil's Receivables Turnover for the three months ended in Mar. 2024 was 2.90.

InPlay Oil Receivables Turnover Historical Data

The historical data trend for InPlay Oil's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

InPlay Oil Receivables Turnover Chart

InPlay Oil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.88 7.66 14.64 15.59 10.96

InPlay Oil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 2.88 3.32 3.21 2.90

Competitive Comparison of InPlay Oil's Receivables Turnover

For the Oil & Gas E&P subindustry, InPlay Oil's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

InPlay Oil's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, InPlay Oil's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where InPlay Oil's Receivables Turnover falls into.


InPlay Oil Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

InPlay Oil's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=179.366 / ((19.288 + 13.448) / 2 )
=179.366 / 16.368
=10.96

InPlay Oil's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=37.997 / ((13.448 + 12.76) / 2 )
=37.997 / 13.104
=2.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

InPlay Oil  (TSX:IPO) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

InPlay Oil Receivables Turnover Related Terms

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InPlay Oil (TSX:IPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » InPlay Oil Corp (TSX:IPO) » Definitions » Receivables Turnover
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Traded in Other Exchanges
IPOOF:USA 8DA1:Germany
Address
2000, 350 - 7th Avenue S.W., Calgary, AB, CAN, T2P 3N9
Website
https://www.inplayoil.com
InPlay Oil Corp is an oil development and production company based in Calgary, Alberta. It is engaged in the acquisition, exploration, and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas, and natural gas liquids. The company's operations are focused on a concentrated light oil asset base located in West Central Alberta. It derives revenue from selling its production of crude oil, natural gas and NGLs under variable price contracts.
Executives
Douglas Bartole Director, Senior Officer
Darren W. Dittmer Senior Officer
Brent Michael Howard Senior Officer
Kevin Yakiwchuk Senior Officer