ARSLF (Altima Energy) Accounts Receivable: $0.78 Mil (As of Nov. 2024)

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ARSLF Altima Energy Inc ARSLF
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What is Altima Energy Accounts Receivable?

Altima Energy ARSLF -100.00% 13 Accounts Receivable is $0.78 Mil as of Nov. 2024. GuruFocus rates ARSLF with a GF Score™ of 13/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Altima Energy's accounts receivables for the quarter that ended in Nov. 2024 was $0.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Altima Energy's Days Sales Outstanding for the quarter that ended in Nov. 2024 was 116.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Altima Energy's Net-Net Working Capital per share for the quarter that ended in Nov. 2024 was $-0.23.

Altima Energy Accounts Receivable 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 receivables are being managed.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.782/0.614*91
=116.22

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Altima Energy's accounts receivable are only considered to be worth 75% of book value:

Altima Energy's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.61+0.75 * 0.782+0.5 * 0-14.273
-0-0)/56.975
=-0.23

* 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.

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Altima Energy Accounts Receivable Related Terms

Altima Energy Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Altima Energy's Accounts Receivable 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.

Altima Energy Accounts Receivable Chart

Altima Energy Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Feb22 Feb23 Feb24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.02 0.37 0.18 0.48

Altima Energy Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.11 0.48 0.43 0.59 0.78
ARSLF
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Altima Energy Inc ARSLF
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Altima Energy Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.78 Mil mean?
Altima Energy (ARSLF) has a Accounts Receivable of $0.78 Mil as of Nov. 2024. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Altima Energy and its competitors.
Is Altima Energy's Accounts Receivable too high?
Altima Energy's current Accounts Receivable is $0.78 Mil. Overall, Altima Energy has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Altima Energy's Accounts Receivable compare to COP and EOG?
Altima Energy's Accounts Receivable of $0.78 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Oil & Gas company?
A good Accounts Receivable depends on the Oil & Gas industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Altima Energy and its competitors. Altima Energy's current Accounts Receivable is $0.78 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altima Energy stock overvalued right now?
Altima Energy (ARSLF) has a current Accounts Receivable of $0.78 Mil. The current Accounts Receivable is $0.78 Mil. Altima Energy's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Altima Energy (ARSLF), the current Accounts Receivable is $0.78 Mil as of Nov. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altima Energy Business Description

Industry EnergyOil & Gas
Address 595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5
Altima Energy Inc is a junior energy company engaged in the exploring and developing oil and natural gas assets in Western Canada. It is exploration in regions such as the Deep Basin of West Central Alberta and Rainbow Lake in Northwestern Alberta.
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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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