Empire Diversified Energy (Empire Diversified Energy) Receivables Turnover : 4.19 (As of Sep. 2023)

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What is Empire Diversified 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. Empire Diversified Energy's Revenue for the three months ended in Sep. 2023 was $0.77 Mil. Empire Diversified Energy's average Accounts Receivable for the three months ended in Sep. 2023 was $0.18 Mil. Hence, Empire Diversified Energy's Receivables Turnover for the three months ended in Sep. 2023 was 4.19.

Empire Diversified Energy Receivables Turnover Historical Data

The historical data trend for Empire Diversified 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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Empire Diversified Energy Receivables Turnover Chart

Empire Diversified Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Receivables Turnover

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0.84

9.96

Empire Diversified Energy Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Sep22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.86	2.71	2.47	1.15	4.19

Competitive Comparison of Empire Diversified Energy's Receivables Turnover

For the Oil & Gas Midstream subindustry, Empire Diversified 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.

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

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

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

Empire Diversified Energy Receivables Turnover Calculation

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

Empire Diversified Energy's Receivables Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Receivables Turnover (A: Dec. 2021 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2021 )	/ (	(Accounts Receivable (A: Dec. 2020 )	+	Accounts Receivable (A: Dec. 2021 ))	/	count )
=	6.561	/ (	(0.604	+	0.713)	/	2 )
=	6.561	/	0.6585
=	9.96

Empire Diversified Energy's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.766	/ (	(0	+	0.183)	/	1 )
=	0.766	/	0.183
=	4.19

Empire Diversified Energy (OTCPK:MPIR) 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.

Empire Diversified Energy Receivables Turnover Related Terms

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Empire Diversified Energy (Empire Diversified Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Diversified Energy Inc (OTCPK:MPIR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 East Las Olas Boulevard, Suite 1400, 14th Floor, Fort Lauderdale, FL, USA, 33301

Website

https://www.empirediversifiedenergy.com

Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products and solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water).

Executives

Robert J. Lancellotti

director, 10 percent owner

PO BOX 154, CONGERS NY 10920