Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Accounts Receivable

: $6,077 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Petroleo Brasileiro Petrobras's accounts receivables for the quarter that ended in Dec. 2023 was $6,077 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Petroleo Brasileiro Petrobras's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 23.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Petroleo Brasileiro Petrobras's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.53.

Petroleo Brasileiro Petrobras Accounts Receivable Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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.

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Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3,688.68

4,780.93

6,276.00

5,050.50

6,076.65

Petroleo Brasileiro Petrobras Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															5,050.50	4,524.75	4,370.41	5,193.13	6,076.65

Petroleo Brasileiro Petrobras Accounts Receivable Calculation

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

Petroleo Brasileiro Petrobras 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.

Petroleo Brasileiro Petrobras's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6076.653	/	24042.93	*	91
=	23.06

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

Petroleo Brasileiro Petrobras'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)
=	(15398.148	+	0.75 * 6076.653	+	0.5 * 7607.949	-	136778.663
-	0	-	388.272)	/	6470.07
=	-17.53

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.

Petroleo Brasileiro Petrobras Accounts Receivable Related Terms

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Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petroleo Brasileiro SA Petrobras (NYSE:PBR) » Definitions » Accounts Receivable

Traded in Other Exchanges

PBR.A:USA PBRN:Mexico PBRA:Mexico XPBRA:Spain XPBR:Spain PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PJXC:Germany PJXB:Germany PJXA:Germany PJX:Germany PETR4:Brazil PETR3:Brazil

Address

Avenida Republica do Chile, 65, Rio de Janeiro, RJ, BRA, 20031-912

Website

https://www.petrobras.com.br

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.