Desert Peak Minerals (Desert Peak Minerals) Accounts Receivable : $11.20 Mil (As of Jun. 2021)

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What is Desert Peak Minerals Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Desert Peak Minerals's accounts receivables for the quarter that ended in Jun. 2021 was $11.20 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. Desert Peak Minerals's Net-Net Working Capital per share for the quarter that ended in Jun. 2021 was $-30.13.

Desert Peak Minerals Accounts Receivable Historical Data

The historical data trend for Desert Peak Minerals'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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Desert Peak Minerals Accounts Receivable Chart

Desert Peak Minerals Annual Data

Trend

Dec19

Dec20

Accounts Receivable

12.81

8.51

Desert Peak Minerals Quarterly Data
	Dec19	Dec20	Jun21
Accounts Receivable	12.81	8.51	11.20

Desert Peak Minerals Accounts Receivable Calculation

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

Desert Peak Minerals 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.

Desert Peak Minerals's Days Sales Outstanding for the quarter that ended in Jun. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11.201	/	0	*	91
=

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

Desert Peak Minerals's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2021 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)
=	(6.188	+	0.75 * 11.201	+	0.5 * 0	-	16.966
-	0	-	298.94)	/	10.000
=	-30.13

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.

Desert Peak Minerals Accounts Receivable Related Terms

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Desert Peak Minerals (Desert Peak Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Desert Peak Minerals Inc (NYSE:DPM) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Website

http://www.desertpeak.com

Desert Peak Minerals Inc acquires, owns, and manages mineral and royalty interests in the Permian Basin. Its mineral and royalty interests entitle the company to receive a fixed percentage of the revenue from crude oil, natural gas, and NGLs produced from the acreage.