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XCD Energy (ASX:XCD) Accounts Receivable : A$0.15 Mil (As of Dec. 2019)


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What is XCD Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. XCD Energy's accounts receivables for the quarter that ended in Dec. 2019 was A$0.15 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. XCD Energy's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was A$0.00.


XCD Energy Accounts Receivable Historical Data

The historical data trend for XCD 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.

* Premium members only.

XCD Energy Accounts Receivable Chart

XCD Energy Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 - - - -

XCD Energy Semi-Annual Data
Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19
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 0.14 - 0.12 - 0.15

XCD Energy Accounts Receivable Calculation

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


XCD 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.

XCD Energy's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.148/0*91
=

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

XCD Energy's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=(2.743+0.75 * 0.148+0.5 * 0-0.285
-0-0)/699.729
=0.00

* 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.


XCD Energy Accounts Receivable Related Terms

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XCD Energy (ASX:XCD) Business Description

Traded in Other Exchanges
N/A
Address
Level 1, 35 Outram Street, West Perth, Perth, WA, AUS, 6005
XCD Energy Ltd is an oil exploration company focused on early stage exploration assets. The company holds a 100% working Interest in the highly prospective Alaskan North Slope nearby to existing exploration and appraisal activities. Its project consists of Project Peregrine.

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