Silver Star Energy (Silver Star Energy) Receivables Turnover : 3.64 (As of Sep. 2007)

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What is Silver Star 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. Silver Star Energy's Revenue for the three months ended in Sep. 2007 was $0.05 Mil. Silver Star Energy's average Accounts Receivable for the three months ended in Sep. 2007 was $0.01 Mil. Hence, Silver Star Energy's Receivables Turnover for the three months ended in Sep. 2007 was 3.64.

Silver Star Energy Receivables Turnover Historical Data

The historical data trend for Silver Star 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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Silver Star Energy Receivables Turnover Chart

Silver Star Energy Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Receivables Turnover

3.32

5.00

Silver Star Energy Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
Receivables Turnover	Get a 7-Day Free Trial														1.45	1.91	1.50	0.36	3.64

Competitive Comparison of Silver Star Energy's Receivables Turnover

For the Oil & Gas E&P subindustry, Silver Star 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.

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

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

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

Silver Star Energy Receivables Turnover Calculation

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

Silver Star Energy's Receivables Turnover for the fiscal year that ended in Dec. 2006 is calculated as

	Receivables Turnover (A: Dec. 2006 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2006 )	/ (	(Accounts Receivable (A: Dec. 2005 )	+	Accounts Receivable (A: Dec. 2006 ))	/	count )
=	2.401	/ (	(0.506	+	0.455)	/	2 )
=	2.401	/	0.4805
=	5.00

Silver Star Energy's Receivables Turnover for the quarter that ended in Sep. 2007 is calculated as

	Receivables Turnover (Q: Sep. 2007 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2007 )	/ (	(Accounts Receivable (Q: Jun. 2007 )	+	Accounts Receivable (Q: Sep. 2007 ))	/	count )
=	0.051	/ (	(0.008	+	0.02)	/	2 )
=	0.051	/	0.014
=	3.64

Silver Star Energy (OTCPK:SVSE) 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.

Silver Star Energy Receivables Turnover Related Terms

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Silver Star Energy (Silver Star Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Silver Star Energy Inc (OTCPK:SVSE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9595 Wilshire Boulevard, Suite 900, Beverly Hills, CA, USA, 90212

Website

Silver Star Energy Inc is an early-stage energy company engaged in the exploration and development of oil and natural gas reserves throughout western North America.

Executives

Scott Marshall	10 percent owner	2435 WEST 7TH AVENUE VANCOUVER A1 00000
Gordon Samson	director	9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Robert Bruce Mcintosh	director, officer: President	504 THRASHER STREET, NORCROSS GA 30071

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