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JX Energy (HKSE:03395) Receivables Turnover : 3.52 (As of Mar. 2024)


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What is JX 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. JX Energy's Revenue for the three months ended in Mar. 2024 was HK$16.36 Mil. JX Energy's average Accounts Receivable for the three months ended in Mar. 2024 was HK$4.65 Mil. Hence, JX Energy's Receivables Turnover for the three months ended in Mar. 2024 was 3.52.


JX Energy Receivables Turnover Historical Data

The historical data trend for JX 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.

* Premium members only.

JX Energy Receivables Turnover Chart

JX Energy 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 9.86 7.90 11.53 11.20 7.93

JX 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 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 2.02 2.07 3.61 3.12 3.52

Competitive Comparison of JX Energy's Receivables Turnover

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


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

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

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



JX Energy Receivables Turnover Calculation

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

JX 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 )
=78.808 / ((15.055 + 4.826) / 2 )
=78.808 / 9.9405
=7.93

JX 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 )
=16.356 / ((4.826 + 4.473) / 2 )
=16.356 / 4.6495
=3.52

* 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.


JX Energy  (HKSE:03395) 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.


JX Energy Receivables Turnover Related Terms

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JX Energy (HKSE:03395) Business Description

Traded in Other Exchanges
N/A
Address
717-7th Avenue South West, Suite 900, Calgary, AB, CAN, T2P 0Z3
JX Energy Ltd formerly Persta Resources Inc is a Canada-based oil and gas exploration development company pursuing petroleum and natural gas production. It focuses on liquids-rich gas and light crude oil in Western Canada with two core areas comprising: Alberta Foothills which includes natural gas properties in the two areas of Basing and Voyager, and Peace River, which includes light crude oil properties in the key areas of Dawson.
Executives
Liu Yongtan
Zhang Lijun
Aspen Investment Holdings Ltd.
Jing Guang
Jing Yuan
Zhang Zhong
Zhang Chun Shi Ji Xing Che Yong Qi You Xian Gong Si
Ji Lin Sheng Hong Yuan Jing Mao Ji Tuan You Xian Gong Si
Zhang Chun Shi Li Yuan Tou Zi You Xian Gong Si
Da Lian Yong Li Shi You Hua Gong You Xian Gong Si
Jixing Gas Holdings Limited 2101 Beneficial owner

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