Weatherford International (Weatherford International) Change In Receivables : $-237 Mil (TTM As of Mar. 2024)

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What is Weatherford International Change In Receivables?

Weatherford International's change in receivables for the quarter that ended in Mar. 2024 was $-112 Mil. It means Weatherford International's Accounts Receivable increased by $112 Mil from Dec. 2023 to Mar. 2024 .

Weatherford International's change in receivables for the fiscal year that ended in Dec. 2023 was $-221 Mil. It means Weatherford International's Accounts Receivable increased by $221 Mil from Dec. 2022 to Dec. 2023 .

Weatherford International's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,251 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. Weatherford International's Days Sales Outstanding for the three months ended in Mar. 2024 was 84.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Weatherford International's liquidation value for the three months ended in Mar. 2024 was $-1,803 Mil.

Weatherford International Change In Receivables Historical Data

The historical data trend for Weatherford International'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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Weatherford International Change In Receivables Chart

Weatherford International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-135.00

378.00

-6.00

-193.00

-221.00

Weatherford International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-96.00	13.00	-197.00	59.00	-112.00

Weatherford International 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 $-237 Mil.

Weatherford International (NAS:WFRD) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1251	/	1358	*	91
=	84.06

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

Weatherford International'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)
=	824	-	3990	+	0.75 * 1251	+	0.5 * 850
=	-1,803

Weatherford International Change In Receivables Related Terms

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Weatherford International (Weatherford International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Weatherford International PLC (NAS:WFRD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

0WE:Germany

Address

2000 St. James Place, Houston, TX, USA, 77056

Website

https://www.weatherford.com

Weatherford International provides diversified oilfield services worldwide for an array of oilfield types. The firm is a global market leader in artificial lift and tubular running services. Other key product lines include cementing products, directional drilling, and wireline evaluation.

Executives

Joseph H Mongrain	officer: EVP and CHRO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Girish Saligram	director, officer: President and CEO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Desmond J Mills	officer: VP & Chief Accounting Officer	2000 ST. JAMES PLACE, HOUSTON TX 77056
Scott C Weatherholt	officer: EVP, GC & CCO	321 SOUTH BOSTON AVE., SUITE 1000, TULSA OK 74103
Arunava Mitra	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Charles Davison	officer: EVP - Operational Excellence	2000 ST. JAMES PLACE, HOUSTON TX 77056
H. Keith Jennings	officer: EVP and CFO	2000 ST. JAMES PLACE, HOUSTON TX 77056
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Mark D Swift	officer: President - Western Hemisphere	2000 ST. JAMES PLACE, HOUSTON TX 77056
Christian A Garcia	officer: Chief Financial Officer	3000 N. SAM HOUSTON PARKWAY E., BLDG. J-4, HOUSTON TX 77032
John F Glick	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
Bates Thomas R Jr	director	TETRA TECHNOLOGIES, INC., 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380
Gordon T Hall	director	3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032-3411