Helmerich & Payne Accounts Receivable

Helmerich & Payne Accounts Receivable Calculation

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

Helmerich & Payne 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.

Helmerich & Payne's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

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

Helmerich & Payne's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is calculated as:

* 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.

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.

Helmerich & Payne Accounts Receivable Related Terms

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Helmerich & Payne Business Description

Industry

Energy » Oil & Gas NAICS : 213111 SIC : 1381

Comparable Companies

NAS:PTEN NYSE:RIG NYSE:NE NYSE:NBR NYSE:DO OTCPK:VTDRF NYSE:ICD OTCPK:VTGDF SHSE:600871 OCSE:DRLCO OSL:SDRL ADX:ADNOCDRILL TSX:PD OSL:BORR OSL:ODL TSX:ESI STC:PVD OSL:SHLF TSX:PHX SZSE:002828

Traded in Other Exchanges

0J4G:UK HPC:Germany HPC:Germany

Address

1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119

Website

https://www.helmerichpayne.com

Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.

Executives

Adams Raymond John Iii	officer: VP Digital Ops Marketing Sales	1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W.	officer: Senior VP and CFO	15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon	director	800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr	director	MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison	director	524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G.	director	502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A.	director	1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans	director	C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D	director	7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A	director	15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr	director	1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M	director	1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard	officer: President of H&P Technologies	1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R.	officer: VP, Drilling Subsidiary	1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael	officer: VP, Drilling Subsidiary	1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119