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Pulse Oil (TSXV:PUL) Receivables Turnover : 1.69 (As of Dec. 2023)


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What is Pulse 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. Pulse Oil's Revenue for the three months ended in Dec. 2023 was C$0.68 Mil. Pulse Oil's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.40 Mil. Hence, Pulse Oil's Receivables Turnover for the three months ended in Dec. 2023 was 1.69.


Pulse Oil Receivables Turnover Historical Data

The historical data trend for Pulse 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.

Pulse Oil Receivables Turnover Chart

Pulse 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 19.41 10.26 11.68 13.62 10.65

Pulse Oil Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.38 2.20 1.51 1.50 1.69

Competitive Comparison of Pulse Oil's Receivables Turnover

For the Oil & Gas E&P subindustry, Pulse 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.


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

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

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



Pulse Oil Receivables Turnover Calculation

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

Pulse 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 )
=3.142 / ((0.354 + 0.236) / 2 )
=3.142 / 0.295
=10.65

Pulse Oil's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=0.683 / ((0.571 + 0.236) / 2 )
=0.683 / 0.4035
=1.69

* 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.


Pulse Oil  (TSXV:PUL) 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.


Pulse Oil Receivables Turnover Related Terms

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Pulse Oil (TSXV:PUL) Business Description

Traded in Other Exchanges
N/A
Address
666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 3P6
Pulse Oil Corp is an oil and gas producer and explorer. The company is primarily focused on a 100% Working Interest Enhanced Oil Project Located in West Central Alberta. The project includes two established Nisku pinnacle reef reservoirs that produce sweet light crude oil.
Executives
Drew Cadenhead Director, Senior Officer

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