TAG Oil (TAG Oil) Change In Receivables : $0.05 Mil (TTM As of Dec. 2023)

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What is TAG Oil Change In Receivables?

TAG Oil's change in receivables for the quarter that ended in Dec. 2023 was $0.09 Mil. It means TAG Oil's Accounts Receivable declined by $0.09 Mil from Sep. 2023 to Dec. 2023 .

TAG Oil's change in receivables for the fiscal year that ended in Mar. 2023 was $-0.02 Mil. It means TAG Oil's Accounts Receivable increased by $0.02 Mil from Mar. 2022 to Mar. 2023 .

TAG Oil's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.59 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. TAG Oil's Days Sales Outstanding for the three months ended in Dec. 2023 was 4,120.29.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TAG Oil's liquidation value for the three months ended in Dec. 2023 was $7.86 Mil.

TAG Oil Change In Receivables Historical Data

The historical data trend for TAG Oil'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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TAG Oil Change In Receivables Chart

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.60

3.12

-0.01

0.05

-0.02

TAG Oil 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															-0.58	0.52	-0.23	-0.32	0.09

TAG Oil 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 $0.05 Mil.

TAG Oil (OTCPK:TAOIF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.587	/	0.013	*	91
=	4,120.29

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

TAG Oil'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)
=	12.955	-	5.535	+	0.75 * 0.587	+	0.5 * 0
=	7.86

TAG Oil Change In Receivables Related Terms

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TAG Oil (TAG Oil) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Change In Receivables

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T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.