Viking Energy Group Inc 's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the first quarter 2023 to a ratio of 3.87, 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 2023. Average receivable collection period, for the Viking Energy Group Inc in Mar 31 2023 quarter, has decreased to 94 days, compared to 112 days, in the Dec 31 2022 quarter.

If we take a look into Energy sector 105 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2278, from overall ranking in the fourth quarter 2022 at 3284.

What is Receivable Turnover Ratio?
What is Viking Energy Group Inc Selling?

What is Receivable Turnover Ratio?

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VKIN Receivables Turnover Ratio	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter
Y / Y Receivable Change	-31.6 %	15.9 %	-	-	-
Y / Y Revenue Change	22.37 %	-24.52 %	22.19 %	94.31 %	22.68 %
Receivable Turnover Ratio (TTM)	3.87	3.27	3.6	4.31	5.8
VKIN's Total Ranking	# 2278	# 3284	# 3284	# 3270	# 2263
Accounts Receivable average collection period days	94	112	101	85	63
Seq. Receivable Change	21.59 %	-2.21 %	-29.13 %	-18.84 %	106.03 %
Seq. Revenue Change	34.85 %	-12.8 %	-6.45 %	11.24 %	-16.81 %

Receivable Turnover Company Ranking
Within:	No.
Oil And Gas Production Industry	# 68
Energy Sector	# 106
Overall Market	# 2278

Receivable Turnover Ratio Statistics
High	Average	Low
0.98	0.29	-0.02
(Sep 30 2022)		(Mar 31 2019)

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

Financial Statements
Viking Energy Group Inc 's Accounts Receivable	$ 7 Millions	Visit VKIN's Balance sheet
Viking Energy Group Inc 's Sales TTM	$ 25 Millions	Visit VKIN's Income Statement
Sources of VKIN's Revenues		Visit VKIN'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
VKIN'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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VKIN's Profitability Ratios	VKIN's Roi	VKIN's Asset Turnover Ratio	VKIN's Dividend Growth
VKIN's Valuation Ratios	VKIN's Roe	VKIN's Financial Strength Ratios	VKIN's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Mar 31 2023, within Energy Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Mar 31 2023	Receivable at quarter ending Mar 31 2023
Vital Energy inc	10.14	$ 1,720.908 Millions	$ 169.771 Millions
Highpeak Energy Inc	10.11	$ 887.251 Millions	$ 87.753 Millions
Southwestern Energy Company	10.10	$ 14,177.000 Millions	$ 1,403.000 Millions
Murphy Oil Corporation	9.97	$ 4,221.417 Millions	$ 423.316 Millions
Permian Resources Corporation	9.96	$ 2,400.256 Millions	$ 241.029 Millions
W and t Offshore inc	9.92	$ 861.718 Millions	$ 86.831 Millions
Devon Energy Corp	9.85	$ 19,180.000 Millions	$ 1,947.750 Millions
Dorchester Minerals L p	9.79	$ 170.566 Millions	$ 17.423 Millions
Cnx Resources Corporation	9.78	$ 3,450.286 Millions	$ 352.805 Millions
Ckx Lands Inc	9.72	$ 1.089 Millions	$ 0.112 Millions
Expand Energy Corporation	9.67	$ 14,178.000 Millions	$ 1,465.750 Millions
Exxon Mobil Corporation	9.58	$ 409,744.000 Millions	$ 42,757.750 Millions
Nabors Industries Ltd	9.43	$ 2,864.366 Millions	$ 303.869 Millions
Gulfport Energy Corporation	9.18	$ 2,370.149 Millions	$ 258.173 Millions
Comstock Resources Inc	9.11	$ 3,592.794 Millions	$ 394.547 Millions
Eog Resources Inc	9.02	$ 27,763.000 Millions	$ 3,076.750 Millions
Ring Energy Inc	9.00	$ 367.151 Millions	$ 40.791 Millions
Natural Resource Partners Lp	8.79	$ 332.456 Millions	$ 37.807 Millions
Silverbow Resources Inc	8.79	$ 763.718 Millions	$ 86.906 Millions
Viper Energy Inc	8.74	$ 833.522 Millions	$ 95.339 Millions
Vaalco Energy Inc	8.61	$ 366.073 Millions	$ 42.499 Millions
Warrior Met Coal Inc	8.59	$ 1,869.760 Millions	$ 217.657 Millions
Battalion Oil Corp	8.41	$ 343.390 Millions	$ 40.825 Millions
Primeenergy Resources Corporation	8.40	$ 121.524 Millions	$ 14.473 Millions
Magnolia Oil and Gas Corp	8.36	$ 1,625.036 Millions	$ 194.365 Millions
Fgi Industries Ltd	8.34	$ 145.306 Millions	$ 17.414 Millions
Epsilon Energy Ltd	8.21	$ 65.719 Millions	$ 8.002 Millions
Pedevco Corp	7.93	$ 31.108 Millions	$ 3.921 Millions
Evolution Petroleum Corp	7.93	$ 152.360 Millions	$ 19.215 Millions
Occidental Petroleum Corporation	7.91	$ 35,510.000 Millions	$ 4,487.250 Millions

Date modified: 2026-09-18T14:07:35+00:00

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