US Energy (US Energy) Accounts Receivable : $2.34 Mil (As of Dec. 2023)

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What is US Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. US Energy's accounts receivables for the quarter that ended in Dec. 2023 was $2.34 Mil.

Accounts receivable can be measured by Days Sales Outstanding. US Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. US Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.13.

US Energy Accounts Receivable Historical Data

The historical data trend for US 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.

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US Energy Accounts Receivable Chart

US Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.72

0.51

0.93

3.19

2.34

US 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	Get a 7-Day Free Trial															3.19	2.05	2.71	3.49	2.34

US Energy Accounts Receivable Calculation

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

US 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.

US 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
=	2.336	/	7.324	*	91
=	29.10

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

US 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)
=	(3.515	+	0.75 * 2.336	+	0.5 * 0	-	33.922
-	0	-	0)	/	25.3339
=	-1.13

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.

US Energy Accounts Receivable Related Terms

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US Energy (US Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » US Energy Corp (NAS:USEG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

UE22:Germany

Address

1616 S. Voss Rd., Suite 725, Houston, TX, USA, 77057

Website

https://www.usnrg.com

US Energy Corp is an independent energy company. It is focused on the acquisition and development of oil and natural gas-producing properties in the continental United States. It has business activities in South Texas and the Williston Basin in North Dakota. The company generates revenue from its interest in the sales of oil and natural gas production.

Executives

Randall D Keys	director	3 HICKORY SHADOWS DR, HOUSTON TX 77055
Mark L. Zajac	officer: Chief Financial Officer	70 SILVERMONT DR, THE WOODLANDS TX 77382
Wallis T Marsh	other: Member of 10% owner group	210 HERITAGE OAKS, HOUSTON TX 77024
King Oil & Gas Company, Inc.	other: Members of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Wdm Family Partnership, Lp	10 percent owner	210 HERITAGE OAKS LN, HOUSTON TX 77024
Katla Energy Holdings Llc	10 percent owner	1616 S VOSS RD, #530, HOUSTON TX 77057
Synergy Offshore Llc	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Benjamin Andrew Stamets	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Lubbock Energy Partners Llc	10 percent owner, other: Member of 10% owner group	1616 S. VOSS RD.,, STE 530, HOUSTON TX 77057
Lee Hightower	10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Duane H King	director, 10 percent owner, other: Member of 10% owner group	9821 KATY FREEWAY, SUITE 805, HOUSTON TX 77024
Llano Energy Llc	other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Banner Oil & Gas, Llc	10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
Joshua Lane Batchelor	director, 10 percent owner, other: Member of 10% owner group	2121 SAGE ROAD, SUITE 325, HOUSTON TX 77056
John A Weinzierl	director, 10 percent owner, other: Member of 10% owner group	MEMORIAL RESOURCE DEVELOPMENT, LLC, 1301 MCKINNEY STREET, SUITE 2100, HOUSTON TX 77010