Source Rock Royalties (TSXV:SRR) Receivables Turnover : 1.28 (As of Dec. 2023)

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What is Source Rock Royalties 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. Source Rock Royalties's Revenue for the three months ended in Dec. 2023 was C$1.72 Mil. Source Rock Royalties's average Accounts Receivable for the three months ended in Dec. 2023 was C$1.34 Mil. Hence, Source Rock Royalties's Receivables Turnover for the three months ended in Dec. 2023 was 1.28.

Source Rock Royalties Receivables Turnover Historical Data

The historical data trend for Source Rock Royalties'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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Source Rock Royalties Receivables Turnover Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

3.87

7.29

6.93

5.72

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial								1.69	1.33	1.43	1.59	1.28

Competitive Comparison of Source Rock Royalties's Receivables Turnover

For the Oil & Gas Midstream subindustry, Source Rock Royalties'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.

Source Rock Royalties's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Source Rock Royalties's Receivables Turnover falls into.

Source Rock Royalties Receivables Turnover Calculation

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

Source Rock Royalties'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 )
=	6.646	/ (	(1.059	+	1.263)	/	2 )
=	6.646	/	1.161
=	5.72

Source Rock Royalties'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 )
=	1.72	/ (	(1.42	+	1.263)	/	2 )
=	1.72	/	1.3415
=	1.28

Source Rock Royalties (TSXV:SRR) 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.

Source Rock Royalties Receivables Turnover Related Terms

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Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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