Enservco (Enservco) Change In Receivables : $0.32 Mil (TTM As of Dec. 2023)

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What is Enservco Change In Receivables?

Enservco's change in receivables for the quarter that ended in Dec. 2023 was $-2.88 Mil. It means Enservco's Accounts Receivable increased by $2.88 Mil from Sep. 2023 to Dec. 2023 .

Enservco's change in receivables for the fiscal year that ended in Dec. 2023 was $0.32 Mil. It means Enservco's Accounts Receivable declined by $0.32 Mil from Dec. 2022 to Dec. 2023 .

Enservco's Accounts Receivable for the quarter that ended in Dec. 2023 was $4.19 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. Enservco's Days Sales Outstanding for the three months ended in Dec. 2023 was 59.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Enservco's liquidation value for the three months ended in Dec. 2023 was $-11.00 Mil.

Enservco Change In Receivables Historical Data

The historical data trend for Enservco'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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Enservco Change In Receivables Chart

Enservco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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3.30

4.59

-1.38

-1.52

0.32

Enservco 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															-3.10	0.24	3.01	-0.05	-2.88

Enservco 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 $0.32 Mil.

Enservco (AMEX:ENSV) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.19	/	6.48	*	91
=	59.00

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

Enservco'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)
=	0.201	-	14.444	+	0.75 * 4.19	+	0.5 * 0.209
=	-11.00

Enservco Change In Receivables Related Terms

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Enservco (Enservco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

A3O0:Germany

Address

14133 County Road 9 1/2, Longmont, CO, USA, 80504

Website

http://www.enservco.com

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.

Executives

Steve A Weyel	director	1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser	director	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson	officer: Chief Financial Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly	officer: Principal Accounting Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave	officer: Chief Financial Officer	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson	director, officer: President and CEO	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly	director	163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting	officer: Chief Operating Officer	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford	officer: Chief Accounting Officer	1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc	10 percent owner	31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus	officer: Chief Financial Officer	C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz	officer: V-P Field Operations	501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons	director	210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch	officer: President & CFO	830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim	director