Callon Petroleum Co (Callon Petroleum Co) Change In Receivables : $48 Mil (TTM As of Dec. 2023)

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What is Callon Petroleum Co Change In Receivables?

Callon Petroleum Co's change in receivables for the quarter that ended in Dec. 2023 was $34 Mil. It means Callon Petroleum Co's Accounts Receivable declined by $34 Mil from Sep. 2023 to Dec. 2023 .

Callon Petroleum Co's change in receivables for the fiscal year that ended in Dec. 2023 was $48 Mil. It means Callon Petroleum Co's Accounts Receivable declined by $48 Mil from Dec. 2022 to Dec. 2023 .

Callon Petroleum Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $167 Mil.

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 Receivable are being managed. Callon Petroleum Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 25.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Callon Petroleum Co's liquidation value for the three months ended in Dec. 2023 was $-2,592 Mil.

Callon Petroleum Co Change In Receivables Historical Data

The historical data trend for Callon Petroleum Co's Change In Receivables 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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Callon Petroleum Co Change In Receivables Chart

Callon Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-35.07

75.77

-86.40

-3.48

48.29

Callon Petroleum Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															48.94	24.02	18.55	-28.35	34.07

Callon Petroleum Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $48 Mil.

Callon Petroleum Co (NYSE:CPE) Change In Receivables 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 Receivable are being managed.

Callon Petroleum Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	166.887	/	601.357	*	91
=	25.32

2. In Ben Graham's calculation of liquidation value, Callon Petroleum Co's accounts receivable are only considered to be worth 75% of book value:

Callon Petroleum Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.325	-	2720.115	+	0.75 * 166.887	+	0.5 * 0
=	-2,592

Callon Petroleum Co Change In Receivables Related Terms

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Callon Petroleum Co (Callon Petroleum Co) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CPE:Mexico CE51:Germany CE51:Germany

Address

2000 W. Sam Houston Parkway South, Suite 2000, One Briarlake Plaza, Houston, TX, USA, 77042

Website

https://www.callon.com

Callon Petroleum Company engages in the exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

Executives

Russell E. Parker	officer: Senior VP and COO	1001 LOUISIANA STREET, HOUSTON TX 77002
Steven A Webster	director	500 DALLAS STREET, SUITE 2300, HOUSTON TX 77002
James E Craddock	director	410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Kimmeridge Energy Management Company, Llc	10 percent owner	15 LITTLE WEST 12TH STREET, 5TH FLOOR, NEW YORK NY 10014
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bpp Holdco Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Primexx Energy Partners, Ltd	10 percent owner	4849 GREENVILLE AVENUE, SUITE 1600, DALLAS TX 75206
Bpp Energy Partners Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Mary Shafer-malicki	director	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Johnson S P Iv	director	10000 ENERGY DRIVE, P. O. BOX 12359, SPRING TX 77391
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bma Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Ema Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Blackstone Management Associates Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154