VAALCO Energy (VAALCO Energy) Accounts Receivable

: $44.9 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. VAALCO Energy's accounts receivables for the quarter that ended in Dec. 2023 was $44.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. VAALCO Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. VAALCO Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.81.

VAALCO Energy Accounts Receivable Historical Data

The historical data trend for VAALCO Energy's Accounts Receivable 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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VAALCO Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

14.34

22.46

52.15

44.89

VAALCO Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																52.15	30.80	57.36	22.79	44.89

VAALCO Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

VAALCO Energy Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

VAALCO Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.888	/	123.321	*	91
=	33.21

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), VAALCO Energy's accounts receivable are only considered to be worth 75% of book value:

VAALCO Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(121.001	+	0.75 * 44.888	+	0.5 * 1.948	-	344.434
-	0	-	0)	/	104.346
=	-1.81

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

VAALCO Energy Accounts Receivable Related Terms

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VAALCO Energy (VAALCO Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » VAALCO Energy Inc (NYSE:EGY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EGY:UK VAW:Germany VAW:Germany

Address

9800 Richmond Avenue, Suite 700, Houston, TX, USA, 77042

Website

https://www.vaalco.com

VAALCO Energy Inc is an independent energy company operating in the United States. It is principally engaged in the acquisition, exploration, development, and production of crude oil and natural gas. The company operates through geographical segments namely Gabon, Egypt, Canada, Equatorial Guinea and Corporate and Other. The company generates maximum revenue from the Gabon segment.

Executives

Andrew Lawrence Fawthrop	director	9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Maxwell George W.m.	director, officer: Chief Executive Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Ronald Y Bain	officer: Chief Financial Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Catherine L Stubbs	director	522 HUNTERS PARK, HOUSTON TX 77024
Edward David Lafehr	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Thor Pruckl	officer: Chief Operating Officer	9800 RICHMOND AVE STE 700, HOUSTON TX 77042-4685
Matthew R Powers	officer: EVP, Gen. Counsel & Corp. Sect	4203 YOAKUM BLVD, SUITE 100, HOUSTON TX 77042
Timothy Robertson Marchant	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Bruce Cook	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Fabrice Nze-bekale	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Bradley Louis Radoff	10 percent owner, other: See Explanation of Responses	2727 KIRBY DRIVE, UNIT 29L, HOUSTON TX 77098
Jason Doornik	officer: CAO & Controller	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
David Desautels	officer: Vice President	9800 RICHMOND AVENUE, STE 700, HOUSTON TX 77042
William R Thomas	director	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Cary M Bounds	officer: Chief Operating Officer	9800 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042