AAG Energy Holdings (FRA:AAN) Receivables Turnover : 2.65 (As of Dec. 2022)

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What is AAG Energy Holdings 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. AAG Energy Holdings's Revenue for the six months ended in Dec. 2022 was €167.4 Mil. AAG Energy Holdings's average Accounts Receivable for the six months ended in Dec. 2022 was €63.1 Mil. Hence, AAG Energy Holdings's Receivables Turnover for the six months ended in Dec. 2022 was 2.65.

AAG Energy Holdings Receivables Turnover Historical Data

The historical data trend for AAG Energy Holdings'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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AAG Energy Holdings Receivables Turnover Chart

AAG Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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5.14

4.45

3.30

4.11

5.12

AAG Energy Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Receivables Turnover	Get a 7-Day Free Trial													1.48	1.79	2.27	2.89	2.65

Competitive Comparison of AAG Energy Holdings's Receivables Turnover

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

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

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

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

AAG Energy Holdings Receivables Turnover Calculation

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

AAG Energy Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	347.549	/ (	(69.852	+	65.958)	/	2 )
=	347.549	/	67.905
=	5.12

AAG Energy Holdings's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	167.398	/ (	(60.163	+	65.958)	/	2 )
=	167.398	/	63.0605
=	2.65

AAG Energy Holdings (FRA:AAN) 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.

AAG Energy Holdings Receivables Turnover Related Terms

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AAG Energy Holdings (FRA:AAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AAG Energy Holdings Ltd (FRA:AAN) » Definitions » Receivables Turnover

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Address

183 Queen’s Road Central, Unit 2506, 25th Floor, Cosco Tower, Sheung Wan, Hong Kong, HKG

Website

http://www.aagenergy.com

AAG Energy Holdings Ltd is an international energy company. It is engaged in the exploration, development, and production of coalbed methane (CBM) in the People's Republic of China. Its operating assets, the Panzhuang and Mabi concessions are located in the Southwestern part of the Qinshui Basin, which boasts CBM geological reserves of any basin in China. The Group conducts its business through two Production Sharing Contracts entered into with China United Coalbed Methane Corporation Ltd and China National Petroleum Corporation for Panzhuang and Mabi concessions respectively in Qinshui Basin, Shanxi Province of the PRC.