Seadrill (Seadrill) Change In Receivables : $-6 Mil (TTM As of Dec. 2023)

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What is Seadrill Change In Receivables?

Seadrill's change in receivables for the quarter that ended in Dec. 2023 was $20 Mil. It means Seadrill's Accounts Receivable declined by $20 Mil from Sep. 2023 to Dec. 2023 .

Seadrill's change in receivables for the fiscal year that ended in Dec. 2023 was $-6 Mil. It means Seadrill's Accounts Receivable increased by $6 Mil from Dec. 2022 to Dec. 2023 .

Seadrill's Accounts Receivable for the quarter that ended in Dec. 2023 was $222 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. Seadrill's Days Sales Outstanding for the three months ended in Dec. 2023 was 49.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Seadrill's liquidation value for the three months ended in Dec. 2023 was $-372 Mil.

Seadrill Change In Receivables Historical Data

The historical data trend for Seadrill'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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Seadrill Change In Receivables Chart

Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

27.00

-54.00

-47.00

-6.00

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial							-	26.00	-26.00	-26.00	20.00

Seadrill 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 $-6 Mil.

Seadrill (NYSE:SDRL) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	222	/	408	*	91
=	49.65

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

Seadrill'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)
=	697	-	1235	+	0.75 * 222	+	0.5 * 0
=	-372

Seadrill Change In Receivables Related Terms

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Seadrill (Seadrill) Business Description

Industry

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Traded in Other Exchanges

SDRLo:Sweden SDRL:Norway SDRMo:UK P4F:Germany

Address

566 Chiswick High Road, Chiswick Business Park, Building 11, 2nd Floor, London, GBR, W4 5YS

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. It engages in providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. It has three segments Harsh environment, Floaters and Jackups.