Akita Drilling (Akita Drilling) Change In Receivables : $0.0 Mil (TTM As of Dec. 2023)

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What is Akita Drilling Change In Receivables?

Akita Drilling's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means Akita Drilling's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Akita Drilling's change in receivables for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means Akita Drilling's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Akita Drilling's Accounts Receivable for the quarter that ended in Dec. 2023 was $35.1 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. Akita Drilling's Days Sales Outstanding for the three months ended in Dec. 2023 was 90.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Akita Drilling's liquidation value for the three months ended in Dec. 2023 was $-45.6 Mil.

Akita Drilling Change In Receivables Historical Data

The historical data trend for Akita Drilling'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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Akita Drilling Change In Receivables Chart

Akita Drilling Annual Data

Trend

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Change In Receivables

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Akita Drilling Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Akita Drilling 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

Akita Drilling (OTCPK:AKTAF) 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.

Akita Drilling's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.106	/	35.269	*	91
=	90.83

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

Akita Drilling's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.339	-	80.261	+	0.75 * 35.106	+	0.5 * 0
=	-45.6

Akita Drilling Change In Receivables Related Terms

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Akita Drilling (Akita Drilling) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Akita Drilling Ltd (OTCPK:AKTAF) » Definitions » Change In Receivables

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774:Germany AKT.B:Canada AKT.A:Canada

Address

333-7th Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 2Z1

Website

https://www.akita-drilling.com

Akita Drilling Ltd is a Canadian oil and gas drilling contractor. The company is engaged in providing contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The company owns and operates over 35 drilling rigs. It is also involved in the drilling related to potash mining and the development of storage caverns.