Dragon Oil (LSE:DGO) Change In Receivables : £100.7 Mil (TTM As of Jun. 2015)

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What is Dragon Oil Change In Receivables?

Dragon Oil's change in receivables for the quarter that ended in Jun. 2015 was £44.2 Mil. It means Dragon Oil's Accounts Receivable declined by £44.2 Mil from Dec. 2014 to Jun. 2015 .

Dragon Oil's change in receivables for the fiscal year that ended in Dec. 2014 was £23.8 Mil. It means Dragon Oil's Accounts Receivable declined by £23.8 Mil from Dec. 2013 to Dec. 2014 .

Dragon Oil's Accounts Receivable for the quarter that ended in Jun. 2015 was £0.0 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. Dragon Oil's Days Sales Outstanding for the six months ended in Jun. 2015 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Dragon Oil's liquidation value for the six months ended in Jun. 2015 was £462.6 Mil.

Dragon Oil Change In Receivables Historical Data

The historical data trend for Dragon Oil'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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Dragon Oil Change In Receivables Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Change In Receivables

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-26.29

-52.56

14.41

-59.28

23.78

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Change In Receivables	Get a 7-Day Free Trial								-76.21	12.79	-30.27	56.51	44.21

Dragon Oil 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. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was £100.7 Mil.

Dragon Oil (LSE:DGO) 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.

Dragon Oil's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	288.817	*	91
=	0.00

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

Dragon Oil's liquidation value for the quarter that ended in Jun. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1191.464	-	737.301	+	0.75 * 0	+	0.5 * 16.81
=	462.6

Dragon Oil Change In Receivables Related Terms

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Dragon Oil (LSE:DGO) Business Description

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http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.

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