Greenfire Resources (Greenfire Resources) Receivables Turnover : 5.85 (As of Dec. 2023)

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What is Greenfire Resources 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. Greenfire Resources's Revenue for the three months ended in Dec. 2023 was $120.6 Mil. Greenfire Resources's average Accounts Receivable for the three months ended in Dec. 2023 was $20.6 Mil. Hence, Greenfire Resources's Receivables Turnover for the three months ended in Dec. 2023 was 5.85.

Greenfire Resources Receivables Turnover Historical Data

The historical data trend for Greenfire Resources'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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Greenfire Resources Receivables Turnover Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

7.73

33.52

30.31

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
Receivables Turnover	-	5.74	8.06	5.80	5.85

Competitive Comparison of Greenfire Resources's Receivables Turnover

For the Oil & Gas E&P subindustry, Greenfire Resources'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.

Greenfire Resources's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Greenfire Resources's Receivables Turnover falls into.

Greenfire Resources Receivables Turnover Calculation

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

Greenfire Resources'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 )
=	503.854	/ (	(16.509	+	16.735)	/	2 )
=	503.854	/	16.622
=	30.31

Greenfire Resources'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 )
=	120.55	/ (	(24.51	+	16.735)	/	2 )
=	120.55	/	20.6225
=	5.85

Greenfire Resources (NYSE:GFR) 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.

Greenfire Resources Receivables Turnover Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

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