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GuruFocus has detected 2 Warning Signs with Newfield Exploration Co $NFX.
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Newfield Exploration Co (NYSE:NFX)
Change In Receivables
$-21 Mil (As of Dec. 2016)

Newfield Exploration Co's change in receivables for the quarter that ended in Dec. 2016 was $-21 Mil. It means Newfield Exploration Co's accounts receivables declined by $21 Mil from Sep. 2016 to Dec. 2016 .

Newfield Exploration Co's change in receivables for the fiscal year that ended in Dec. 2016 was $22 Mil. It means Newfield Exploration Co's accounts receivables increased by $22 Mil from Dec. 2015 to Dec. 2016 .

Newfield Exploration Co's accounts receivables for the quarter that ended in Dec. 2016 was $163 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 receivables are being managed. Newfield Exploration Co's days sales outstanding for the three months ended in Dec. 2016 was 35.84.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Newfield Exploration Co's liquidation value for the three months ended in Dec. 2016 was $-2,664 Mil.


Definition

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.


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.

Newfield Exploration Co's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=163/415*91
=35.84

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

Newfield Exploration Co's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=580-3374+0.75 * 163+0.5 * 16
=-2,664

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Newfield Exploration Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ChangeInReceivables -13-4436-15-24-70-62478322

Newfield Exploration Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables 13-4238-63105315-1644-21
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