Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Abraxas Petroleum's accounts receivables for the quarter that ended in Dec. 2022 was $4.88 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Abraxas Petroleum's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 45.59.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Abraxas Petroleum's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.03.
Abraxas Petroleum Accounts Receivable Historical Data
The historical data trend for Abraxas Petroleum'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Abraxas Petroleum 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.
Abraxas Petroleum's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Abraxas Petroleum's accounts receivable are only considered to be worth 75% of book value:
Abraxas Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is calculated as:
* 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.
Abraxas Petroleum Accounts Receivable Related Terms
Thank you for viewing the detailed overview of Abraxas Petroleum's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Abraxas Petroleum (Abraxas Petroleum) Business Description
Abraxas Petroleum Corp is an independent energy company. It is primarily engaged in the acquisition, exploration, development, and production of oil and gas in the United States. The company's oil and gas assets are located in two operating regions, the Permian/Delaware Basin and the Rocky Mountain. It produces oil and gas from multiple stacked formations and various reservoirs, primarily the Bakken, Three Forks, and Red River formations. It generates the vast majority of its revenue from oil sales.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AXAS has been successfully added to your 