Source Energy Services (TSX:SHLE) Change In Receivables : C$-1.4 Mil (TTM As of Dec. 2023)

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What is Source Energy Services Change In Receivables?

Source Energy Services's change in receivables for the quarter that ended in Dec. 2023 was C$-4.7 Mil. It means Source Energy Services's Accounts Receivable increased by C$4.7 Mil from Sep. 2023 to Dec. 2023 .

Source Energy Services's change in receivables for the fiscal year that ended in Dec. 2023 was C$-1.4 Mil. It means Source Energy Services's Accounts Receivable increased by C$1.4 Mil from Dec. 2022 to Dec. 2023 .

Source Energy Services's Accounts Receivable for the quarter that ended in Dec. 2023 was C$44.0 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. Source Energy Services's Days Sales Outstanding for the three months ended in Dec. 2023 was 26.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Source Energy Services's liquidation value for the three months ended in Dec. 2023 was C$-238.1 Mil.

Source Energy Services Change In Receivables Historical Data

The historical data trend for Source Energy Services'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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Source Energy Services Change In Receivables Chart

Source Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-24.88

15.68

-9.08

1.62

-1.43

Source Energy Services 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															9.86	-14.88	12.86	5.33	-4.74

Source Energy Services 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 C$-1.4 Mil.

Source Energy Services (TSX:SHLE) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.01	/	154.432	*	91
=	26.00

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

Source Energy Services'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)
=	0	-	313.7	+	0.75 * 44.01	+	0.5 * 85.099
=	-238.1

Source Energy Services Change In Receivables Related Terms

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Source Energy Services (TSX:SHLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Energy Services Ltd (TSX:SHLE) » Definitions » Change In Receivables

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Traded in Other Exchanges

SCEYF:USA S4O0:Germany

Address

500, 1060 - 7th Street SW, Calgary, AB, CAN, T2R 0C4

Website

https://www.sourceenergyservices.com

Source Energy Services Ltd is a Canada based company engaged in the integrated production and distribution of frac sand as well as the distribution of other bulk oil and gas well completion materials that aren't produced by Source. It provides customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its last mile logistics capabilities. The company also offers storage and logistics services for other bulk oil and gas well completion materials and has developed Sahara, a proprietary wellsite mobile sand storage and handling system. The geographical segments of the group are the US Operations and Canadian Operations.

Executives

Derren James Newell

Senior Officer

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