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Petrofac (Petrofac) Change In Receivables : $132 Mil (TTM As of Jun. 2023)


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What is Petrofac Change In Receivables?

Petrofac's change in receivables for the quarter that ended in Jun. 2023 was $2 Mil. It means Petrofac's Accounts Receivable declined by $2 Mil from Dec. 2022 to Jun. 2023 .

Petrofac's change in receivables for the fiscal year that ended in Dec. 2022 was $167 Mil. It means Petrofac's Accounts Receivable declined by $167 Mil from Dec. 2021 to Dec. 2022 .

Petrofac's Accounts Receivable for the quarter that ended in Jun. 2023 was $522 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. Petrofac's Days Sales Outstanding for the six months ended in Jun. 2023 was 78.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petrofac's liquidation value for the six months ended in Jun. 2023 was $-2,408 Mil.

Petrofac Change In Receivables Historical Data

The historical data trend for Petrofac'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.

* Premium members only.

Petrofac Change In Receivables Chart

Petrofac Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 293.00 -149.00 532.00 289.00 167.00

Petrofac Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -48.00 337.00 37.00 130.00 2.00

Petrofac 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $132 Mil.

* 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.

Petrofac  (OTCPK:POFCY) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=522/1207*91
=78.93

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

Petrofac's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=253-3058+0.75 * 522+0.5 * 12
=-2,408

* 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.

Petrofac Change In Receivables Related Terms

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Petrofac (Petrofac) Business Description

Industry
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Traded in Other Exchanges
POFCF:USA PFCl:UK PFC:UK P2F:Germany
Address
26 New Street, St Helier, JEY, JE2 3RA
Website
https://www.petrofac.com
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated energy services. It derives the majority of the revenue from Engineering and Construction which provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. The company operates worldwide and generates most of its revenue from the United kingdom.