Petroleo Brasileiro Petrobras (Petroleo Brasileiro Petrobras) Change In Receivables

: $74 Mil (TTM As of Dec. 2023)

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Petroleo Brasileiro Petrobras's change in receivables for the quarter that ended in Dec. 2023 was $-474 Mil. It means Petroleo Brasileiro Petrobras's Accounts Receivable increased by $474 Mil from Sep. 2023 to Dec. 2023 .

Petroleo Brasileiro Petrobras's change in receivables for the fiscal year that ended in Dec. 2023 was $87 Mil. It means Petroleo Brasileiro Petrobras's Accounts Receivable declined by $87 Mil from Dec. 2022 to Dec. 2023 .

Petroleo Brasileiro Petrobras's Accounts Receivable for the quarter that ended in Dec. 2023 was $6,077 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. Petroleo Brasileiro Petrobras's Days Sales Outstanding for the three months ended in Dec. 2023 was 23.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petroleo Brasileiro Petrobras's liquidation value for the three months ended in Dec. 2023 was $-113,019 Mil.

Petroleo Brasileiro Petrobras Change In Receivables Historical Data

The historical data trend for Petroleo Brasileiro Petrobras'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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Petroleo Brasileiro Petrobras Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

2,189.48

1.01

-2,045.02

357.87

87.16

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
Change In Receivables																-392.51	403.07	743.64	-599.56	-473.64

Petroleo Brasileiro Petrobras 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 $74 Mil.

Petroleo Brasileiro Petrobras (NYSE:PBR) 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.

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 liquidation value, Petroleo Brasileiro Petrobras's accounts receivable are only considered to be worth 75% of book value:

Petroleo Brasileiro Petrobras'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)
=	15398.148	-	136778.663	+	0.75 * 6076.653	+	0.5 * 7607.949
=	-113,019

Petroleo Brasileiro Petrobras Change In Receivables 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 » Change In Receivables

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.