Natural Gas Services Group (Natural Gas Services Group) Change In Receivables : $-25.0 Mil (TTM As of Dec. 2023)

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What is Natural Gas Services Group Change In Receivables?

Natural Gas Services Group's change in receivables for the quarter that ended in Dec. 2023 was $-11.4 Mil. It means Natural Gas Services Group's Accounts Receivable increased by $11.4 Mil from Sep. 2023 to Dec. 2023 .

Natural Gas Services Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-25.0 Mil. It means Natural Gas Services Group's Accounts Receivable increased by $25.0 Mil from Dec. 2022 to Dec. 2023 .

Natural Gas Services Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $39.2 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. Natural Gas Services Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 98.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Natural Gas Services Group's liquidation value for the three months ended in Dec. 2023 was $-199.9 Mil.

Natural Gas Services Group Change In Receivables Historical Data

The historical data trend for Natural Gas Services Group'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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Natural Gas Services Group Change In Receivables Chart

Natural Gas Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.55

-3.11

1.43

-4.28

-25.01

Natural Gas Services Group 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															-2.07	-0.35	-5.98	-7.24	-11.44

Natural Gas Services Group 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 $-25.0 Mil.

Natural Gas Services Group (NYSE:NGS) 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.

Natural Gas Services Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	39.186	/	36.221	*	91
=	98.72

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

Natural Gas Services Group'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)
=	2.746	-	242.835	+	0.75 * 39.186	+	0.5 * 21.639
=	-199.9

Natural Gas Services Group Change In Receivables Related Terms

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Natural Gas Services Group (Natural Gas Services Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Natural Gas Services Group Inc (NYSE:NGS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

404 Veterans Airpark Lane, Suite 300, Midland, TX, USA, 79705

Website

https://www.ngsgi.com

Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufacture, fabricate, rent, sell and maintain natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.

Executives

Georganne Hodges	director	2105 CITYWEST BLVD., SUITE 100, HOUSTON TX 77042
John D. Bittner	officer: Interim CFO	1920 MCKINNEY AVENUE, SUITE 950, DALLAS TX 75201
Brian L Tucker	officer: Chief Operating Officer	1250 NE LOOP 410, #1000, SAN ANTONIO TX 78209
Donald J Tringali	director	C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Justin Jacobs	director	382 GREENWICH AVE, SUITE ONE, GREENWICH CT 06830
James D Faircloth	officer: Interim CFO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Hazlett	officer: Vice President-Technical Svcs.	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Stephen Charles Taylor	director, officer: President and CEO	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
John Chisholm	director	C/O FLOTEK INDUSTRIES, INC., 2930 W. SAM HOUSTON PARKWAY N., STE. 300, HOUSTON TX 77043
Micah C. Foster	officer: Chief Financial Officer	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Nigel Jenvey	director	404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
James R Lawrence	officer: VP & Chief Financial Officer	C/O NATURAL GAS SERVICES GROUP, INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
David L Bradshaw	director	508 WEST WALL STREET, SUITE 550, MIDLAND TX 79701
G Larry Lawrence	officer: Chief Financial Officer	C/O LEGACY RESERVES GP, LLC, 303 W. WALL STREET, SUITE 1600, MIDLAND TX 79701