Forbes Energy Services Ltd 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2020 to a ratio of 83.58, above the company average. This is a clear sign of healthy business climate in the Oil And Gas Production industry and improving liquidity at their respective customers, during the first quarter 2020. Average receivable collection period, for the Forbes Energy Services Ltd in Mar 31 2020 quarter, has decreased to 4 days, compared to 6 days, in the Dec 31 2019 quarter.

If we take a look into Energy sector 34 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio remained unchanged relative to the previous period at no. 1314.

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What is Receivable Turnover Ratio?

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FES Receivables Turnover Ratio	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 30 2019) III. Quarter	(Jun 30 2019) II. Quarter	(Mar 31 2019) I. Quarter
Y / Y Receivable Change	-91.22 %	3.32 %	157.38 %	710.16 %	2594.69 %
Y / Y Revenue Change	-47.83 %	-82.42 %	-7.18 %	23.82 %	64.05 %
Receivable Turnover Ratio (TTM)	83.58	59.02	110.73	125.99	152.85
FES's Total Ranking	# 1314	# 1314	# 140	# 1314	# 43
Accounts Receivable average collection period days	4	6	3	3	2
Seq. Receivable Change	-78.71 %	-1.5 %	-8.42 %	-54.25 %	150.36 %
Seq. Revenue Change	-12.4 %	-21.31 %	-13.46 %	-12.54 %	-70.48 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 13
Energy Sector	# 35
Overall Market	# 1314

Receivable Turnover Ratio Statistics
High	Average	Low
1.57	0.79	0.34
(Mar 31 2019)		(Dec 31 2016)

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

Financial Statements
Forbes Energy Services Ltd 's Accounts Receivable	$ 0 Millions	Visit FES's Balance sheet
Forbes Energy Services Ltd 's Sales TTM	$ 160 Millions	Visit FES's Income Statement
Sources of FES's Revenues		Visit FES'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
FES'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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FES's Growth Rates	FES's Roa	FES's Inventory Turnover Ratio	FES's Dividend Comparisons
FES's Profitability Ratios	FES's Roi	FES's Asset Turnover Ratio	FES's Dividend Growth
FES's Valuation Ratios	FES's Roe	FES's Financial Strength Ratios	FES's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2020, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2020	Receivable at quarter ending Mar 31 2020
Petrolia Energy Corporation	384.14	$ 3.534 Millions	$ 0.009 Millions
Ultra Petroleum Corp	377.53	$ 600.647 Millions	$ 1.591 Millions
Consol Coal Resources Lp	282.35	$ 314.189 Millions	$ 1.113 Millions
Blue Dolphin Energy Co	271.52	$ 302.335 Millions	$ 1.114 Millions
Altex Industries Inc	98.00	$ 0.049 Millions	$ 0.001 Millions
Forbes Energy Services Ltd	83.58	$ 160.497 Millions	$ 1.920 Millions
Goodrich Petroleum Corp	74.49	$ 112.196 Millions	$ 1.506 Millions
Laredo Oil Inc	66.75	$ 8.294 Millions	$ 0.124 Millions

Date modified: 2026-08-29T17:20:57+00:00

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