Battalion Oil (Battalion Oil) Accounts Receivable : $23.0 Mil (As of Dec. 2023)

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What is Battalion Oil Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Battalion Oil's accounts receivables for the quarter that ended in Dec. 2023 was $23.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Battalion Oil's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 44.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Battalion Oil's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-20.81.

Battalion Oil Accounts Receivable Historical Data

The historical data trend for Battalion Oil'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.

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Battalion Oil Accounts Receivable Chart

Battalion Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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48.50

32.24

36.81

37.97

23.02

Battalion Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															37.97	32.46	23.52	27.18	23.02

Battalion Oil Accounts Receivable Calculation

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

Battalion Oil 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.

Battalion Oil's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	23.021	/	47.242	*	91
=	44.47

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

Battalion Oil's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(57.529	+	0.75 * 23.021	+	0.5 * 0	-	310.782
-	106.535	-	0)	/	16.4566
=	-20.81

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.

Battalion Oil Accounts Receivable Related Terms

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Battalion Oil (Battalion Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Battalion Oil Corp (AMEX:BATL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RAQB:Germany

Address

3505 West Sam Houston Parkway North, Suite 300, Houston, TX, USA, 77043

Website

https://www.battalionoil.com

Battalion Oil Corp is an independent oil and gas producer operating exclusively in the Delaware Basin. It is an independent energy company focused on the acquisition, production, exploration, and development of onshore liquids-rich oil and natural gas assets in the United States. The company operates in one segment which focuses on oil and natural gas acquisition, production, exploration, and development.

Executives

Ajay Jegadeesan	director	3505 WEST SAM HOUSTON PARKWAY N, HOUSTON TX 77043
Matthew Steele	officer: CEO	3505 WEST SAM HOUSTON PARKWAY N, STE 300, HOUSTON TX 77043
Oaktree Capital Group Holdings Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3
Gen Iv Investment Opportunities, Llc	10 percent owner	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Lsp Investment Advisors, Llc	10 percent owner	1700 BROADWAY, FL. 35, NEW YORK NY 10019
Lsp Generation Iv, Llc	10 percent owner	1700 BROADWAY, FLOOR 35, NEW YORK X1 10019
Bam Partners Trust	10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Kristen Mcwatters	officer: EVP, CFO & Treasurer	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Richard Kevin Andrews	officer: EVP, CFO and Treasurer	1000 LOUISIANA ST, SUITE 6600, HOUSTON TX 77002
Richard H Little	officer: Chief Executive Officer	1000 LOUISIANA STREET, SUITE 1500, HOUSTON TX 77002
Daniel P Rohling	officer: Chief Operating Officer	1000 LOUISIANA ST, SUITE 6600, HOUSTON TX 77002
William D Rogers	director	P O BOX 30150, RENO NV 89520
Leah R. Kasparek	officer: VP, Human Resources	1000 LOUISIANA STREEET, SUITE 6700, HOUSTON TX 77002
Gregory S. Hinds	director	1875 LAWRENCE STREET, SUITE 200, DENVER CO 80202