Petrel Resources (LSE:PET) Change In Receivables : £0.00 Mil (TTM As of Jun. 2023)

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What is Petrel Resources Change In Receivables?

Petrel Resources's change in receivables for the quarter that ended in Jun. 2023 was £0.00 Mil. It means Petrel Resources's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Petrel Resources's change in receivables for the fiscal year that ended in Dec. 2022 was £-0.01 Mil. It means Petrel Resources's Accounts Receivable increased by £0.01 Mil from Dec. 2021 to Dec. 2022 .

Petrel Resources's Accounts Receivable for the quarter that ended in Jun. 2023 was £0.03 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petrel Resources's liquidation value for the six months ended in Jun. 2023 was £-0.74 Mil.

Petrel Resources Change In Receivables Historical Data

The historical data trend for Petrel Resources'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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Petrel Resources Change In Receivables Chart

Petrel Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.03

0.02

0.01

-0.01

Petrel Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Petrel Resources 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.00 Mil.

Petrel Resources (LSE:PET) 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.

Petrel Resources's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.026	/	0	*	91
=

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

Petrel Resources's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.044	-	0.802	+	0.75 * 0.026	+	0.5 * 0
=	-0.74

Petrel Resources Change In Receivables Related Terms

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Petrel Resources (LSE:PET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrel Resources PLC (LSE:PET) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PET.GB:UK PQ4:Germany

Address

162 Clontarf Road, Dublin, IRL, 3

Website

https://www.petrelresources.com

Petrel Resources PLC is an oil exploration company. The company has a class of business: Oil Exploration and Development. It has operations in Iraq, Africa, and Ireland. It has frontier exploration licenses (FELs), which include FEL 3/14, and FEL 11/18.