Teekay Tankers (Teekay Tankers) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Teekay Tankers Change In Receivables?

Teekay Tankers's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Teekay Tankers's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Teekay Tankers's change in receivables for the fiscal year that ended in Dec. 2023 was $32 Mil. It means Teekay Tankers's Accounts Receivable declined by $32 Mil from Dec. 2022 to Dec. 2023 .

Teekay Tankers's Accounts Receivable for the quarter that ended in Dec. 2023 was $100 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. Teekay Tankers's Days Sales Outstanding for the three months ended in Dec. 2023 was 29.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Teekay Tankers's liquidation value for the three months ended in Dec. 2023 was $119 Mil.

Teekay Tankers Change In Receivables Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Change In Receivables Chart

Teekay Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-75.83

135.75

-21.73

-112.31

32.02

Teekay Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Teekay Tankers 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 quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Teekay Tankers (NYSE:TNK) 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.

Teekay Tankers's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	99.94	/	313.291	*	91
=	29.11

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

Teekay Tankers'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)
=	365.251	-	347.709	+	0.75 * 99.94	+	0.5 * 53.219
=	119

Teekay Tankers Change In Receivables Related Terms

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Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Change In Receivables

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Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.