Warren Resources (Warren Resources) Change In Receivables : $10.15 Mil (TTM As of Dec. 2015)

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What is Warren Resources Change In Receivables?

Warren Resources's change in receivables for the quarter that ended in Dec. 2015 was $5.82 Mil. It means Warren Resources's Accounts Receivable declined by $5.82 Mil from Sep. 2015 to Dec. 2015 .

Warren Resources's change in receivables for the fiscal year that ended in Dec. 2015 was $10.15 Mil. It means Warren Resources's Accounts Receivable declined by $10.15 Mil from Dec. 2014 to Dec. 2015 .

Warren Resources's Accounts Receivable for the quarter that ended in Dec. 2015 was $9.88 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. Warren Resources's Days Sales Outstanding for the three months ended in Dec. 2015 was 57.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Warren Resources's liquidation value for the three months ended in Dec. 2015 was $-522.40 Mil.

Warren Resources Change In Receivables Historical Data

The historical data trend for Warren Resources'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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Warren Resources Change In Receivables Chart

Warren Resources Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Change In Receivables

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-0.88

-4.16

-3.89

1.85

10.15

Warren Resources Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Change In Receivables	Get a 7-Day Free Trial															3.33	3.72	7.92	-7.32	5.82

Warren Resources 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.15 Mil.

Warren Resources (OTCPK:WRESQ) 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.

Warren Resources's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.88	/	15.574	*	91
=	57.89

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

Warren Resources's liquidation value for the quarter that ended in Dec. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	28.212	-	558.026	+	0.75 * 9.88	+	0.5 * 0
=	-522.40

Warren Resources Change In Receivables Related Terms

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Warren Resources (Warren Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Warren Resources Inc (OTCPK:WRESQ) » Definitions » Change In Receivables

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Address

Website

http://www.warrenresources.com

Warren Resources Inc was incorporated on June 12, 1990 as a Delaware corporation. The Company is an independent energy company engaged in the exploration, development and production of domestic onshore crude oil and gas reserves. The Company primarily on the exploration and development of its waterflood oil recovery properties in the Wilmington field within the Los Angeles Basin of California, and its coalbed methane, or CBM, natural gas properties located in the Rocky Mountain region. As of December 31, 2013, the company owned natural gas and oil leasehold interests in approximately 123,943 gross (93,350 net) acres, approximately 80% of which are undeveloped. The Washakie Basin is located in the southeast portion of the Greater Green River Basin in southwestern Wyoming and represents its largest acreage position. As of December 31, 2013, the company owned 113,227 gross (87,683 net) acres prospective for CBM development in this area, of which 69,221 net acres were undeveloped. Warren owns certain deep rights below a portion of the Atlantic Rim CBM Project, which include an approximate 71,000 net acre position that is potentially prospective for hydrocarbon production from the Niobrara Shale and other deep formations. The Company sells its oil and natural gas production to various purchasers in the areas where the oil and natural gas is produced. Its drilling, completion, production, re-entry and land operations are conducted, managed and supervised for the company through Warren E&P, Inc., its wholly owned subsidiary. The Companys operations are subject to a wide variety of stringent federal, state and local laws and regulations governing the exploration and production of oil and natural gas, including discharge of materials into the environment or otherwise relating to environmental protection.

Executives

Tony Coelho	director	C/O PINNACLE GLOBAL GROUP, 5599 SAN FELIPE #1212, HOUSTON TX 77056
James A Watt	officer: President & C.E.O.	410 17TH STREET, SUITE 1400, DENVER CO 80202
Marcus C Rowland	director	920 MEMORIAL CITY WAY, SUITE 850, HOUSTON TX 77024
James M Mcconnell	director	C/O ESCO TECHNOLOGIES INC., 9900 A CLAYTON ROAD, ST. LOUIS MO 63124
Anthony L Coelho	director	5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711

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