Pengrowth Energy (Pengrowth Energy) Change In Receivables : $-9.0 Mil (TTM As of Sep. 2019)

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What is Pengrowth Energy Change In Receivables?

Pengrowth Energy's change in receivables for the quarter that ended in Sep. 2019 was $-3.9 Mil. It means Pengrowth Energy's Accounts Receivable increased by $3.9 Mil from Jun. 2019 to Sep. 2019 .

Pengrowth Energy's change in receivables for the fiscal year that ended in Dec. 2018 was $21.2 Mil. It means Pengrowth Energy's Accounts Receivable declined by $21.2 Mil from Dec. 2017 to Dec. 2018 .

Pengrowth Energy's Accounts Receivable for the quarter that ended in Sep. 2019 was $33.5 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. Pengrowth Energy's Days Sales Outstanding for the three months ended in Sep. 2019 was 34.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pengrowth Energy's liquidation value for the three months ended in Sep. 2019 was $-787.1 Mil.

Pengrowth Energy Change In Receivables Historical Data

The historical data trend for Pengrowth Energy'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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Pengrowth Energy Change In Receivables Chart

Pengrowth Energy Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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38.33

6.05

18.74

32.03

21.21

Pengrowth Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Receivables	Get a 7-Day Free Trial															5.22	11.83	-16.90	-	-3.93

Pengrowth Energy 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.0 Mil.

Pengrowth Energy (NYSE:PGH) 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.

Pengrowth Energy's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	33.457	/	89.268	*	91
=	34.20

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

Pengrowth Energy's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.323	-	815.497	+	0.75 * 33.457	+	0.5 * 0
=	-787.1

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Pengrowth Energy (Pengrowth Energy) Business Description

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Address

222 Third Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 0B4

Website

http://www.pengrowth.com

Pengrowth Energy Corp is an intermediate Canadian oil and natural gas producer. The company has exposure to the Cardium light oil play, Swan Hills light oil play, and Montney natural gas projects in Canada. Pengrowth's production consists of natural gas, oil, and natural gas liquids, with natural gas constituting a predominant majority of production. Royalties are needed for Pengrowth to explore and develop any oilfields it may come across. Pengrowth actively controls where its production is shipped so that it can monitor and take advantage of favorable pricing opportunities in North American markets.