Phillips 66 (FRA:R66) Change In Receivables : €-2,032 Mil (TTM As of Mar. 2024)

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What is Phillips 66 Change In Receivables?

Phillips 66's change in receivables for the quarter that ended in Mar. 2024 was €183 Mil. It means Phillips 66's Accounts Receivable declined by €183 Mil from Dec. 2023 to Mar. 2024 .

Phillips 66's change in receivables for the fiscal year that ended in Dec. 2023 was €-638 Mil. It means Phillips 66's Accounts Receivable increased by €638 Mil from Dec. 2022 to Dec. 2023 .

Phillips 66's Accounts Receivable for the quarter that ended in Mar. 2024 was €10,609 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. Phillips 66's Days Sales Outstanding for the three months ended in Mar. 2024 was 29.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Phillips 66's liquidation value for the three months ended in Mar. 2024 was €-29,664 Mil.

Phillips 66 Change In Receivables Historical Data

The historical data trend for Phillips 66'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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Phillips 66 Change In Receivables Chart

Phillips 66 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2,077.20

1,662.91

-815.97

-1,956.91

-638.23

Phillips 66 Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															1,553.24	-106.15	-2,410.90	301.69	183.08

Phillips 66 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2,032 Mil.

Phillips 66 (FRA:R66) 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.

Phillips 66's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10609.44	/	32946.12	*	91
=	29.38

2. In Ben Graham's calculation of liquidation value, Phillips 66's accounts receivable are only considered to be worth 75% of book value:

Phillips 66's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1444.4	-	41957.52	+	0.75 * 10609.44	+	0.5 * 5783.12
=	-29,664

Phillips 66 Change In Receivables Related Terms

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Phillips 66 (FRA:R66) Business Description

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Comparable Companies

Traded in Other Exchanges

PSX:USA PSX:Mexico 1PSX:Italy R66:Germany P1SX34:Brazil PSXC:Austria

Address

2331 CityWest Boulevard, Houston, TX, USA, 77042

Website

https://www.phillips66.com

Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.9 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility will cease operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.

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