Journey Energy (TSX:JOY) Change In Receivables : C$0.0 Mil (TTM As of Mar. 2024)

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What is Journey Energy Change In Receivables?

Journey Energy's change in receivables for the quarter that ended in Mar. 2024 was C$0.0 Mil. It means Journey Energy's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Journey Energy's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.0 Mil. It means Journey Energy's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Journey Energy's Accounts Receivable for the quarter that ended in Mar. 2024 was C$26.8 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. Journey Energy's Days Sales Outstanding for the three months ended in Mar. 2024 was 45.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Journey Energy's liquidation value for the three months ended in Mar. 2024 was C$-247.7 Mil.

Journey Energy Change In Receivables Historical Data

The historical data trend for Journey Energy'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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Journey Energy Change In Receivables Chart

Journey Energy Annual Data

Trend

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Change In Receivables

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Journey Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Journey Energy 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.0 Mil.

Journey Energy (TSX:JOY) 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.

Journey Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	26.809	/	54.083	*	91
=	45.23

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

Journey Energy's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20.907	-	288.699	+	0.75 * 26.809	+	0.5 * 0
=	-247.7

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Journey Energy (TSX:JOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Journey Energy Inc (TSX:JOY) » Definitions » Change In Receivables

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JRNGF:USA 17J:Germany

Address

517 - 10th Avenue South West, Suite 700, Calgary, AB, CAN, T2R 0A8

Website

https://www.journeyenergy.ca

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company's principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.

Executives

Craig Henry Hansen

Director