Permex Petroleum (XCNQ:OIL) Change In Receivables : C$0.12 Mil (TTM As of Jun. 2023)

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What is Permex Petroleum Change In Receivables?

Permex Petroleum's change in receivables for the quarter that ended in Jun. 2023 was C$0.08 Mil. It means Permex Petroleum's Accounts Receivable declined by C$0.08 Mil from Mar. 2023 to Jun. 2023 .

Permex Petroleum's change in receivables for the fiscal year that ended in Sep. 2022 was C$-0.17 Mil. It means Permex Petroleum's Accounts Receivable increased by C$0.17 Mil from Sep. 2021 to Sep. 2022 .

Permex Petroleum's Accounts Receivable for the quarter that ended in Jun. 2023 was C$0.13 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. Permex Petroleum's Days Sales Outstanding for the three months ended in Jun. 2023 was 56.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Permex Petroleum's liquidation value for the three months ended in Jun. 2023 was C$-4.01 Mil.

Permex Petroleum Change In Receivables Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Change In Receivables Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Change In Receivables

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-0.21

0.22

0.08

0.04

-0.17

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Change In Receivables	Get a 7-Day Free Trial															-0.05	0.07	-0.07	0.04	0.08

Permex Petroleum 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.12 Mil.

Permex Petroleum (XCNQ:OIL) 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.

Permex Petroleum's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.129	/	0.209	*	91
=	56.32

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

Permex Petroleum's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.015	-	5.123	+	0.75 * 0.129	+	0.5 * 0
=	-4.01

Permex Petroleum Change In Receivables Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Change In Receivables

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Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer