Journey Energy (TSX:JOY) Receivables Turnover : 2.10 (As of Mar. 2024)

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What is Journey Energy 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. Journey Energy's Revenue for the three months ended in Mar. 2024 was C$54.1 Mil. Journey Energy's average Accounts Receivable for the three months ended in Mar. 2024 was C$25.8 Mil. Hence, Journey Energy's Receivables Turnover for the three months ended in Mar. 2024 was 2.10.

Journey Energy Receivables Turnover Historical Data

The historical data trend for Journey Energy'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.

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Journey Energy Receivables Turnover Chart

Journey Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.21

5.79

9.12

9.91

8.60

Journey Energy 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															1.98	1.85	1.96	2.04	2.10

Competitive Comparison of Journey Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Journey Energy'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.

Journey Energy's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Journey Energy's Receivables Turnover falls into.

Journey Energy Receivables Turnover Calculation

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

Journey Energy'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 )
=	233.898	/ (	(29.677	+	24.734)	/	2 )
=	233.898	/	27.2055
=	8.60

Journey Energy'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 )
=	54.083	/ (	(24.734	+	26.809)	/	2 )
=	54.083	/	25.7715
=	2.10

Journey Energy (TSX:JOY) 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.

Journey Energy Receivables Turnover Related Terms

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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director