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Petrolympic (TSXV:PCQ) Accounts Receivable : C$0.00 Mil (As of Jun. 2024)


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What is Petrolympic Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Petrolympic's accounts receivables for the quarter that ended in Jun. 2024 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Petrolympic's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was C$-0.01.


Petrolympic Accounts Receivable Historical Data

The historical data trend for Petrolympic'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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Petrolympic Accounts Receivable Chart

Petrolympic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Petrolympic Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Petrolympic Accounts Receivable Calculation

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


Petrolympic 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.

Petrolympic's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

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

Petrolympic's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 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)
=(0.324+0.75 * 0+0.5 * 0-1.879
-0-0)/138.89
=-0.01

* 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.


Petrolympic Accounts Receivable Related Terms

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Petrolympic Business Description

Traded in Other Exchanges
Address
C/o Fogler, Rubinoff LLP, 77 King Street West, Suite 3000, Toronto, ON, CAN, M5K 1G8
Petrolympic Ltd is an exploration company, engaged in the acquisition, exploration, and development of petroleum light crude oil and natural gas properties in North America. The company operates and holds an interest in two business areas which are St. Lawrence Lowlands and Gaspe Peninsula in Canada and Texas in Canada and the Maverick Basin Project in the United States of America. Geographically, it has two segments namely Canada and the USA.
Executives
Adam Kelley Szweras Senior Officer

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