Contango Oil & Gas Co (Contango Oil & Gas Co) Change In Receivables : $-55.3 Mil (TTM As of Sep. 2021)

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What is Contango Oil & Gas Co Change In Receivables?

Contango Oil & Gas Co's change in receivables for the quarter that ended in Sep. 2021 was $-30.2 Mil. It means Contango Oil & Gas Co's Accounts Receivable increased by $30.2 Mil from Jun. 2021 to Sep. 2021 .

Contango Oil & Gas Co's change in receivables for the fiscal year that ended in Dec. 2020 was $1.7 Mil. It means Contango Oil & Gas Co's Accounts Receivable declined by $1.7 Mil from Dec. 2019 to Dec. 2020 .

Contango Oil & Gas Co's Accounts Receivable for the quarter that ended in Sep. 2021 was $73.7 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. Contango Oil & Gas Co's Days Sales Outstanding for the three months ended in Sep. 2021 was 67.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Contango Oil & Gas Co's liquidation value for the three months ended in Sep. 2021 was $-462.1 Mil.

Contango Oil & Gas Co Change In Receivables Historical Data

The historical data trend for Contango Oil & Gas 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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Contango Oil & Gas Co Change In Receivables Chart

Contango Oil & Gas Co Annual Data

Trend

Jun11

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Receivables

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3.78

3.58

1.32

-9.99

1.74

Contango Oil & Gas Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Change In Receivables	Get a 7-Day Free Trial															-6.13	-6.03	-12.14	-6.88	-30.24

Contango Oil & Gas 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-55.3 Mil.

Contango Oil & Gas Co (AMEX:MCF) 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.

Contango Oil & Gas Co's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	73.719	/	99.927	*	91
=	67.32

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

Contango Oil & Gas Co's liquidation value for the quarter that ended in Sep. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.084	-	520.719	+	0.75 * 73.719	+	0.5 * 0.571
=	-462.1

Contango Oil & Gas Co Change In Receivables Related Terms

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Contango Oil & Gas Co (Contango Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Contango Oil & Gas Co (AMEX:MCF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 E. 5th Street, Suite 300, Fort Worth, TX, USA, 76102

Website

https://www.contango.com

Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico, and other regions.

Executives

Chad B Roller	officer: SVP-Chief Operating Officer	2431 E 61ST STREET SUITE 850 TULSA OK 74136
E Joseph Grady	officer: SVP and CFO	C/O CONTANGO OIL & GAS COMPANY 717 TEXAS AVENUE, SUITE 2900 HOUSTON TX 77002
Michael J Autin	officer: Vice President Operations	717 TEXAS AVENUE SUITE 2900 HOUSTON TX 77002
Bulent Ayhan Berilgen	director	50 WEST SAN FERNANDO ST SAN JOSE CA 95113
Joseph J Romano	director	3700 BUFFALO SPEEDWAY SUITE 960 HOUSTON TX 77098
Janet W Pasque	director	1675 BROADWAY SUITE 1950 DENVER CO 80202
Will Farley Dakan	officer: President	500 COMMERCE ST. SUITE 700 FORT WORTH TX 76102
Mclawhorn Charles L Iii	officer: SVP/General Counsel/Corp Sec	2501 NORTH HARWOOD DALLAS TX 75201
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Dws Growth Capital Lp	10 percent owner	11 GREENWAY PLAZA, SUITE 3100 HOUSTON TX 77046
Douglas W Schnitzer	10 percent owner
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Independence Energy Aggregator Gp Llc	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002