Trinity Exploration & Production (STU:3BE) Change In Receivables : €-1.52 Mil (TTM As of Dec. 2023)

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What is Trinity Exploration & Production Change In Receivables?

Trinity Exploration & Production's change in receivables for the quarter that ended in Dec. 2023 was €-2.16 Mil. It means Trinity Exploration & Production's Accounts Receivable increased by €2.16 Mil from Jun. 2023 to Dec. 2023 .

Trinity Exploration & Production's change in receivables for the fiscal year that ended in Dec. 2023 was €-1.53 Mil. It means Trinity Exploration & Production's Accounts Receivable increased by €1.53 Mil from Dec. 2022 to Dec. 2023 .

Trinity Exploration & Production's Accounts Receivable for the quarter that ended in Dec. 2023 was €4.01 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. Trinity Exploration & Production's Days Sales Outstanding for the six months ended in Dec. 2023 was 22.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Trinity Exploration & Production's liquidation value for the six months ended in Dec. 2023 was €-45.87 Mil.

Trinity Exploration & Production Change In Receivables Historical Data

The historical data trend for Trinity Exploration & Production'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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Trinity Exploration & Production Change In Receivables Chart

Trinity Exploration & Production Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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3.27

1.28

-2.67

-0.36

-1.53

Trinity Exploration & Production Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.83	-3.46	3.10	0.64	-2.16

Trinity Exploration & Production 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-1.52 Mil.

Trinity Exploration & Production (STU:3BE) 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.

Trinity Exploration & Production's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.005	/	33.074	*	91
=	22.10

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

Trinity Exploration & Production's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.004	-	59.677	+	0.75 * 4.005	+	0.5 * 3.591
=	-45.87

Trinity Exploration & Production Change In Receivables Related Terms

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Trinity Exploration & Production (STU:3BE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinity Exploration & Production PLC (STU:3BE) » Definitions » Change In Receivables

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Address

C/o Pinsent Masons LLP, 1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.trinityexploration.com

Trinity Exploration & Production PLC is an independent exploration and production company. Its activities include the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing and development assets both onshore and offshore in the shallow waters off the West and East Coasts of Trinidad. It operates through one operating segment being exploration and development, production and extraction of hydrocarbons.

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