NOV (NOV) Change In Receivables : $-324 Mil (TTM As of Dec. 2023)

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What is NOV Change In Receivables?

NOV's change in receivables for the quarter that ended in Dec. 2023 was $-77 Mil. It means NOV's Accounts Receivable increased by $77 Mil from Sep. 2023 to Dec. 2023 .

NOV's change in receivables for the fiscal year that ended in Dec. 2023 was $-324 Mil. It means NOV's Accounts Receivable increased by $324 Mil from Dec. 2022 to Dec. 2023 .

NOV's Accounts Receivable for the quarter that ended in Dec. 2023 was $1,905 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. NOV's Days Sales Outstanding for the three months ended in Dec. 2023 was 74.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NOV's liquidation value for the three months ended in Dec. 2023 was $-1,732 Mil.

NOV Change In Receivables Historical Data

The historical data trend for NOV'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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NOV Change In Receivables Chart

NOV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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205.00

604.00

98.00

-660.00

-324.00

NOV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-214.00	9.00	-189.00	-67.00	-77.00

NOV 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 $-324 Mil.

NOV (NYSE:NOV) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1905	/	2343	*	91
=	74.19

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

NOV'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)
=	816	-	5052	+	0.75 * 1905	+	0.5 * 2151
=	-1,732

NOV Change In Receivables Related Terms

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NOV (NOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (NYSE:NOV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

0K58:UK NO8:Germany NO8:Germany

Address

10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website

https://www.nov.com

NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.

Executives

Eric L Mattson	director	C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christy Lynn Novak	officer: VP, Corp. Controller, CAO	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Kirk M. Shelton	officer: Pres. - Compl. and Prod. Sol.	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
Isaac H. Joseph	officer: See Remarks	C/O NOV INC., 7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036
David D Harrison	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
Greg L Armstrong	director
Robert S. Welborn	director	C/O NOV INC., 7909 PARKWOOD CIRCLE DR., HOUSTON TX 77036
Scott K. Duff	officer: VP Cntrlr Chf Acctg Offcr	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Jose A Bayardo	officer: Senior VP and CFO	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Joseph W Rovig	officer: See Remarks	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Clay C Williams	director, officer: Chairman, President and CEO
Craig L. Weinstock	officer: Sr. VP. & Gen. Counsel	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565
Melody B Meyer	director	1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL 60064
James T Hackett	director	C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD, IRVING TX 75039
Marcela E Donadio	director	7909 PARKWOOD CIRCLE DRIVE, HOUSTON TX 77036-6565