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Orca Energy Group (Orca Energy Group) Accounts Receivable : $23.1 Mil (As of Dec. 2023)


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What is Orca Energy Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Orca Energy Group's accounts receivables for the quarter that ended in Dec. 2023 was $23.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Orca Energy Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 86.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Orca Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.40.


Orca Energy Group Accounts Receivable Historical Data

The historical data trend for Orca Energy Group'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.

* Premium members only.

Orca Energy Group Accounts Receivable Chart

Orca Energy Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.29 18.38 21.54 21.56 23.13

Orca Energy Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.56 19.07 19.47 20.57 23.13

Orca Energy Group Accounts Receivable Calculation

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


Orca Energy Group 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=23.129/24.448*91
=86.33

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

Orca Energy Group'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)
=(101.566+0.75 * 23.129+0.5 * 0-126.753
-0-0)/19.8013
=-0.40

* 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.


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.


Orca Energy Group Accounts Receivable Related Terms

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Orca Energy Group (Orca Energy Group) Business Description

Traded in Other Exchanges
Address
Haile Selassie Road, Oyster Plaza Building, 5th Floor, P.O. Box 80139, Dar es Salaam, TZA
Orca Energy Group Inc produces and sells natural gas to the power and industrial sectors in Tanzania. The company delivers gas to TPDC through a long-term gas sales agreement to the TPDC-operated National Natural Gas Infrastructure on Songo Songo Island where the natural gas is processed before being transported to Dar es Salaam for power and industrial use. In addition to gas supplied to TPDC, Songas, and TANESCO for the generation of power, the company has developed and supplied an industrial gas market in the Dar es Salaam area.

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