Strathcona Resources (TSX:SCR) Receivables Turnover : 3.74 (As of Mar. 2024)

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What is Strathcona 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. Strathcona Resources's Revenue for the three months ended in Mar. 2024 was C$1,301 Mil. Strathcona Resources's average Accounts Receivable for the three months ended in Mar. 2024 was C$347 Mil. Hence, Strathcona Resources's Receivables Turnover for the three months ended in Mar. 2024 was 3.74.

Strathcona Resources Receivables Turnover Historical Data

The historical data trend for Strathcona 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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Strathcona Resources Receivables Turnover Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Receivables Turnover

14.74

15.13

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			12.94	3.55	3.10	23.22	3.74

Competitive Comparison of Strathcona Resources's Receivables Turnover

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

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

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

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

Strathcona Resources Receivables Turnover Calculation

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

Strathcona 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 )
=	4794.6	/ (	(299.1	+	334.6)	/	2 )
=	4794.6	/	316.85
=	15.13

Strathcona Resources'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 )
=	1300.8	/ (	(334.6	+	360.1)	/	2 )
=	1300.8	/	347.35
=	3.74

Strathcona Resources (TSX:SCR) 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.

Strathcona Resources Receivables Turnover Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Receivables Turnover

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Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.