Notes on similarities, differences, and patterns you see across all companies, your ideas on potential explanations for these, and your recommendation on the best company to invest in.

Calculate the receivables turnover ration for the current and prior years and explain any change between the two years.

• Suncor Energy Inc 

Receivable turnover = Net sales revenue ÷ average net receivables
2019: [38,344,000,000 ÷ ((4,052,000,000+3,206,000,000) ÷ 2))] = 10.7
2018: [38,542,000,000 ÷ ((3,206,000,000+3,281,000,000) ÷ 2))] = 11.9
The inventory turnover ratio fell from 11.9 in 2018 to 10.7 in 2019. This indicates that Suncor was less efficient in 2019 at collecting its receivables than in 2018. They could also be allowing customers to have more time to pay so they buy more.

• Amplify Energy Corp

Particulars	2019	2018
Sales revenue	2,47,607	3,39,840
Accounts receivables- Opening	29,514	36,680
Accounts receivables- Closing	33,145	29,514
Avergare receivables	31,330	33,097
Accounts receivable turnover ratio (Sales/ Avg receivables)	7.90	10.27

• Ultra Petroleum Corporation

2019

Net Revenue = $742,032 thousand

Average Receivables = (71,957+133,042)/2 = $102,500 thousand

Receivables Turnover Ration = 742,032/102,500 = 7.2

2018

Net Revenue = $892,499 thousand

Average Receivables= (133,042+46,487)/2 =$179,529 thousand

Receivables Turnover Ration = 892,499/179,529 = 5.0

The higher the ration, the better the turnover, therefore the 2019 year had a faster turnover ratio than 2018. This means that receivables were paid faster in 2019.

• Nabors Industries Ltd

2019:

Net Revenue: $3,053,596,000

Average Receivables; $453,042,000

Receivables Turnover Method; 6.7%

2018:

Net Revenue: $3,057,619,000

Average Receivables; $756,230,000

Receivables Turnover Method; 4.0

2019 was a better year with a better turnover ratio meaning receivables were paid faster that year.