Petrolia Energy Corporation's ability to collect accounts receivable sequentially worsen to 80.49, indicating more challenging environment then in the second quarter 2023, but still, it is a far cry from any concerns. Petrolia Energy's Accounts Receivable average collection period in the Sep 30 2023 quarter, has increased to 5 days, from 4 days, in the Jun 30 2023 quarter.

If we take a look into Energy sector 79 other companies have achieved higher receivables turnover ratio. While total ranking has deteriorated relative to the period ending Sep 30 2023 from 1969 to 2114.

What is Receivable Turnover Ratio?
What is Petrolia Energy Corporation Selling?

What is Receivable Turnover Ratio?

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BBLS Receivables Turnover Ratio	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Receivable Change	-28.37 %	-82.84 %	-3.35 %	-95.08 %	-93.74 %
Y / Y Revenue Change	-58.13 %	-57.56 %	-25.05 %	-6.82 %	25.2 %
Receivable Turnover Ratio (TTM)	80.49	102.99	114.61	118.77	118.07
BBLS's Total Ranking	# 2114	# 1969	# 188	# 1327	# 1970
Accounts Receivable average collection period days	5	4	3	3	3
Seq. Receivable Change	348.28 %	-99.97 %	76432.07 %	-20.11 %	7.4 %
Seq. Revenue Change	87.1 %	-64.91 %	-19.77 %	-20.51 %	89.66 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 45
Energy Sector	# 80
Overall Market	# 2114

Receivable Turnover Ratio Statistics
High	Average	Low
0.87	0.28	0.01
(Mar 31 2022)		(Jun 30 2018)

BBLS Company Profile • Back to BBLS Efficiency Comparisons • Compare BBLS Receivables Turnover Ratio to its Competitors

Financial Statements
Petrolia Energy's Accounts Receivable	$ 0 Millions	Visit BBLS's Balance sheet
Petrolia Energy's Sales TTM	$ 4 Millions	Visit BBLS's Income Statement
Sources of BBLS's Revenues		Visit BBLS's Sales by Geography

Other Accounts Receivable Turnover Ratios
Oil And Gas Production Industry Accounts Receivable Turnover Trends and Statistics
Energy Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
BBLS's Receivable Turnover Ratio versus Oil And Gas Production Industry, Energy Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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Companies with similar Receivables Turnover Ratio for the quarter ending Sep 30 2023, within Energy Sector

Receivable Turnover Ratio

Revenues for 12 Months ending Sep 30 2023

Receivable at quarter ending Sep 30 2023

Date modified: 2023-12-03T21:56:46+00:00

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