Gulf Keystone Petroleum (Gulf Keystone Petroleum) Change In Receivables : $-10.7 Mil (TTM As of Dec. 2023)

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What is Gulf Keystone Petroleum Change In Receivables?

Gulf Keystone Petroleum's change in receivables for the quarter that ended in Dec. 2023 was $-1.8 Mil. It means Gulf Keystone Petroleum's Accounts Receivable increased by $1.8 Mil from Jun. 2023 to Dec. 2023 .

Gulf Keystone Petroleum's change in receivables for the fiscal year that ended in Dec. 2023 was $-10.7 Mil. It means Gulf Keystone Petroleum's Accounts Receivable increased by $10.7 Mil from Dec. 2022 to Dec. 2023 .

Gulf Keystone Petroleum's Accounts Receivable for the quarter that ended in Dec. 2023 was $10.2 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. Gulf Keystone Petroleum's Days Sales Outstanding for the six months ended in Dec. 2023 was 42.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gulf Keystone Petroleum's liquidation value for the six months ended in Dec. 2023 was $-55.6 Mil.

Gulf Keystone Petroleum Change In Receivables Historical Data

The historical data trend for Gulf Keystone Petroleum'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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Gulf Keystone Petroleum Change In Receivables Chart

Gulf Keystone Petroleum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-35.42

-0.52

-75.26

11.64

-10.74

Gulf Keystone Petroleum Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-53.00	23.91	-12.27	-8.91	-1.84

Gulf Keystone Petroleum 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 semi-annually data reported by the company within the most recent 12 months, which was $-10.7 Mil.

Gulf Keystone Petroleum (OTCPK:GFKSY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.156	/	43.959	*	91
=	42.16

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

Gulf Keystone Petroleum'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)
=	81.709	-	149.909	+	0.75 * 10.156	+	0.5 * 9.901
=	-55.6

Gulf Keystone Petroleum Change In Receivables Related Terms

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Gulf Keystone Petroleum (Gulf Keystone Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Keystone Petroleum Ltd (OTCPK:GFKSY) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

C/o Coson Corporate Services Limited, 41 Cedar Avenue, Cedar House, 3rd Floor, Hamilton, BMU, HM12

Website

https://www.gulfkeystone.com

Gulf Keystone Petroleum Ltd is a holding company, which is engaged in oil and gas exploration and production. It mainly operates in the Kurdistan Region of Iraq, the Republic of Algeria, and Others. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks, and the Erbil office, which provides support to the operations in Kurdistan. It generates its revenues from the sale of oil.

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