Parkland (Parkland) Change In Receivables : $-98 Mil (TTM As of Mar. 2024)

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What is Parkland Change In Receivables?

Parkland's change in receivables for the quarter that ended in Mar. 2024 was $-34 Mil. It means Parkland's Accounts Receivable increased by $34 Mil from Dec. 2023 to Mar. 2024 .

Parkland's change in receivables for the fiscal year that ended in Dec. 2023 was $89 Mil. It means Parkland's Accounts Receivable declined by $89 Mil from Dec. 2022 to Dec. 2023 .

Parkland's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,254 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. Parkland's Days Sales Outstanding for the three months ended in Mar. 2024 was 22.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parkland's liquidation value for the three months ended in Mar. 2024 was $-6,100 Mil.

Parkland Change In Receivables Historical Data

The historical data trend for Parkland'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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Parkland Change In Receivables Chart

Parkland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-85.05

205.32

-397.66

-293.71

88.70

Parkland 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															152.74	27.85	-334.05	242.25	-33.98

Parkland 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 $-98 Mil.

Parkland (OTCPK:PKIUF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1253.694	/	5126.33	*	91
=	22.32

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

Parkland'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)
=	290.337	-	7941.785	+	0.75 * 1253.694	+	0.5 * 1222.665
=	-6,100

Parkland Change In Receivables Related Terms

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Parkland (Parkland) Business Description

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PF6:Germany PKI:Canada

Address

240 - 4th Avenue South west, Suite 1800, Calgary, AB, CAN, T2P 4H4

Website

https://www.parkland.ca

Parkland Corp is a food and convenience retailer and an independent marketer, distributor, and refiner of fuel and petroleum products. Parkland delivers refined fuels, propane, and other high-quality petroleum products to motorists, businesses, consumers, and wholesale customers across the Americas. The company's lines of business are; Retail line of business includes the operations of Parkland retail service stations, including EV charging stations, and convenience and food stores, Commercial includes the operations of card lock sites, bulk fuel, propane, heating oil, lubricants, and other related services, Refining includes the operations of the Burnaby Refinery, and Corporate includes centralized administrative services and expenses.