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Cobalt International Energy (FRA:C1O1) Accounts Receivable : €0.00 Mil (As of Dec. 2017)


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What is Cobalt International Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cobalt International Energy's accounts receivables for the quarter that ended in Dec. 2017 was €0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cobalt International Energy's Days Sales Outstanding for the quarter that ended in Dec. 2017 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cobalt International Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was €-83.58.


Cobalt International Energy Accounts Receivable Historical Data

The historical data trend for Cobalt International Energy's Accounts Receivable 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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Cobalt International Energy Accounts Receivable Chart

Cobalt International Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Accounts Receivable
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Cobalt International Energy Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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Cobalt International Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Cobalt International Energy Accounts Receivable 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.

Cobalt International Energy's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/13.392*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Cobalt International Energy's accounts receivable are only considered to be worth 75% of book value:

Cobalt International Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(364.741+0.75 * 0+0.5 * 0-2865.143
-0-0)/29.9167
=-83.58

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Cobalt International Energy Accounts Receivable Related Terms

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Cobalt International Energy (FRA:C1O1) Business Description

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Address
Cobalt International Energy Inc is an independent exploration and production company with operations in the Gulf regions of the United States. The company's process for maturing an exploration prospect from identification to drill-ready status requires the analysis of a multitude of geological data to locate the highest potential areas. In addition, Cobalt performs substantial drilling-related engineering work to further assist its well maturation process. If the company decides to develop or produce from a recent discovery, the asset is then beset with additional evaluations and analysis during the development life cycle.

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