Petrovietnam Drilling & Well Service (STC:PVD) Change In Receivables : ₫-197,882 Mil (TTM As of Dec. 2023)

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What is Petrovietnam Drilling & Well Service Change In Receivables?

Petrovietnam Drilling & Well Service's change in receivables for the quarter that ended in Dec. 2023 was ₫185,413 Mil. It means Petrovietnam Drilling & Well Service's Accounts Receivable declined by ₫185,413 Mil from Sep. 2023 to Dec. 2023 .

Petrovietnam Drilling & Well Service's change in receivables for the fiscal year that ended in Dec. 2023 was ₫-197,882 Mil. It means Petrovietnam Drilling & Well Service's Accounts Receivable increased by ₫197,882 Mil from Dec. 2022 to Dec. 2023 .

Petrovietnam Drilling & Well Service's Accounts Receivable for the quarter that ended in Dec. 2023 was ₫1,719,318 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. Petrovietnam Drilling & Well Service's Days Sales Outstanding for the three months ended in Dec. 2023 was 88.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Petrovietnam Drilling & Well Service's liquidation value for the three months ended in Dec. 2023 was ₫-1,410,983 Mil.

Petrovietnam Drilling & Well Service Change In Receivables Historical Data

The historical data trend for Petrovietnam Drilling & Well Service'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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Petrovietnam Drilling & Well Service Change In Receivables Chart

Petrovietnam Drilling & Well Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-299,769.42

399,946.95

-289,168.03

-357,421.02

-197,882.30

Petrovietnam Drilling & Well Service 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															46,410.17	-273,681.71	-132,215.02	22,601.01	185,413.42

Petrovietnam Drilling & Well Service 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 ₫-197,882 Mil.

Petrovietnam Drilling & Well Service (STC:PVD) 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.

Petrovietnam Drilling & Well Service's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1719317.755	/	1771068.371	*	91
=	88.58

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

Petrovietnam Drilling & Well Service'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)
=	3534271.855	-	6734690.668	+	0.75 * 1719317.755	+	0.5 * 999895.512
=	-1,410,983

Petrovietnam Drilling & Well Service Change In Receivables Related Terms

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Petrovietnam Drilling & Well Service (STC:PVD) Business Description

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Address

4th Floor, Sailing Tower, 111A Pasteur Street, Ben Nghe Ward, District 1, Ho Chi Minh, VNM

Website

http://www.pvdrilling.com.vn

Petrovietnam Drilling & Well Service Corp is a provider of drilling rigs and technical services for the exploration and exploitation of oil and gas industry locally and internationally. The company operates through three segments namely Drilling services, Trading, and Other services. Its Drilling services segment offers drilling rigs and drilling services. The Trading segment produces material and equipment for drilling-related activities. Its Other services segment is involved in administering well services, wireline logging, oil spill control service, drilling manpower supply service, investment-management project consulting service, management consulting service and other related services. Geographically it operates in Vietnam, Malaysia, Myanmar, Algeria.

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