Western Refining (Western Refining) Change In Receivables : $-70 Mil (TTM As of Mar. 2017)

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What is Western Refining Change In Receivables?

Western Refining's change in receivables for the quarter that ended in Mar. 2017 was $16 Mil. It means Western Refining's Accounts Receivable declined by $16 Mil from Dec. 2016 to Mar. 2017 .

Western Refining's change in receivables for the fiscal year that ended in Dec. 2016 was $-65 Mil. It means Western Refining's Accounts Receivable increased by $65 Mil from Dec. 2015 to Dec. 2016 .

Western Refining's Accounts Receivable for the quarter that ended in Mar. 2017 was $406 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. Western Refining's Days Sales Outstanding for the three months ended in Mar. 2017 was 15.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Western Refining's liquidation value for the three months ended in Mar. 2017 was $-2,348 Mil.

Western Refining Change In Receivables Historical Data

The historical data trend for Western Refining'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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Western Refining Change In Receivables Chart

Western Refining Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Change In Receivables

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1.34

-129.53

132.11

108.60

-64.81

Western Refining Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Change In Receivables	Get a 7-Day Free Trial															21.82	-202.77	91.97	24.17	16.49

Western Refining 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. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $-70 Mil.

Western Refining (NYSE:WNR) 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.

Western Refining's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	405.699	/	2328.532	*	91
=	15.90

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

Western Refining's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	160.027	-	3226.718	+	0.75 * 405.699	+	0.5 * 828.974
=	-2,348

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Western Refining (Western Refining) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Western Refining Inc (NYSE:WNR) » Definitions » Change In Receivables

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Address

Website

http://www.wnr.com

Western Refining is an independent oil refiner with total crude oil throughput capacity of 240,500 barrels per day. It owns and operates three refineries in Texas, New Mexico, and Minnesota. The company also operates more than 300 retail service stations throughout the Southwest and Midwest as well as a wholesale petroleum product distributor. It holds a 65% limited partner interest in Western Refining Logistics. It is slated to be acquired by Tesoro in the first half of 2017.

Executives

Sigmund L Cornelius	director	C/O COLUMBIA PIPELINE GROUP, INC., 5151 SAN FELIPE, STE. 2500, HOUSTON TX 77056
David L Lamp	officer: President and COO	C/O CVR ENERGY, INC., 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Scott D Weaver	director	C/O WESTERN REFINING, INC., 6500 TROWBRIDGE DRIVE, EL PASO TX 79905
Karen Berriman Davis	officer: EVP and CFO	123 WEST MILLS AVENUE, SUITE 200, EL PASO TX 79901
Carin Marcy Barth	director
Mark B Cox	officer: SVP-Treasurer, Director of IR	680 LEGENDS CREST DRIVE, FRANKLIN TN 37069