Houston American Energy (Houston American Energy) Accounts Receivable

: $0.07 Mil (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Houston American Energy's accounts receivables for the quarter that ended in Dec. 2023 was $0.07 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Houston American Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 26.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Houston American Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.34.

Houston American Energy Accounts Receivable Historical Data

The historical data trend for Houston American Energy's Accounts Receivable 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.

* Premium members only.

Houston American Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.08

0.10

0.22

0.17

0.07

Houston American Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																0.17	0.10	0.28	0.35	0.07

Houston American Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Houston American Energy Accounts Receivable 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 receivables are being managed.

Houston American Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.072	/	0.247	*	91
=	26.60

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Houston American Energy's accounts receivable are only considered to be worth 75% of book value:

Houston American Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.059	+	0.75 * 0.072	+	0.5 * 0	-	0.383
-	0	-	0)	/	10.9064
=	0.34

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Houston American Energy Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Houston American Energy's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Houston American Energy (Houston American Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houston American Energy Corp (AMEX:HUSA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8H6H:Germany

Address

801 Travis Street, Suite 1425, Houston, TX, USA, 77002

Website

https://www.houstonamerican.com

Houston American Energy Corp is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Its properties, and operations, are in the U.S. Permian Basin, the U.S. Gulf Coast region, particularly Texas and Louisiana, and in the South American country of Colombia. The company's an exploration and development projects are focused on existing property interests, and future acquisition of additional property interests, in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. The Company majorly has operations in two geographical areas, the United States and Colombia.

Executives

James A Schoonover	director	1770 COUNTY ROAD H2, WHITE BEAR TOWNSHIP MN 55110
John F Terwilliger	director, 10 percent owner, officer: President and CEO
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Dyke Torbjorn Van	officer: VP - Business Development	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
R. Keith Grimes	director	13307 GOLDEN VALLEY DR., CYPRESS TX 77429
John P Boylan	director	450 WESTHEIMER DR., HOUSTON TX 77024
Stephen Hartzell	director	1001 MCKINNEY, SUITE 805, HOUSTON TX 77002
Roy W Jageman	director	777 MAIN STREET, C/O ENCORE ACQUISITION CO, FORT WORTH TX 76102
James J Jacobs	officer: Chief Financial Officer	801 TRAVIS, SUITE 2020, HOUSTON TX 77002
Kenneth Jeffers	officer: Senior VP of Exploration	801 TRAVIS STREET, SUITE 1425, HOUSTON TX 77002
Nokomis Capital, L.l.c.	10 percent owner	1717 MCKINNEY AVENUE, SUITE 850, DALLAS TX 75202
Brett Hendrickson	10 percent owner	300 CRESCENT COURT, SUITE 1740, DALLAS TX 75201
Orrie Lee Tawes	director, 10 percent owner	CIBC OPPENHEIMER WORLD FINANCIAL CENTER, NEW YORK NY 110281
Richard J Howe	director	73 SADDLEBROOK LN, HOUSTON TX 77024
J Alex Loftus	director	801 TRAVIS, SUITE 1425, HOUSTON TX 77002