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FieldPoint Petroleum (FieldPoint Petroleum) Accounts Receivable : $0.47 Mil (As of Mar. 2019)


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What is FieldPoint Petroleum Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FieldPoint Petroleum's accounts receivables for the quarter that ended in Mar. 2019 was $0.47 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FieldPoint Petroleum's Days Sales Outstanding for the quarter that ended in Mar. 2019 was 92.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FieldPoint Petroleum's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was $-0.53.


FieldPoint Petroleum Accounts Receivable Historical Data

The historical data trend for FieldPoint 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.

* Premium members only.

FieldPoint Petroleum Accounts Receivable Chart

FieldPoint Petroleum Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.54 0.57 0.63 0.70

FieldPoint Petroleum Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 0.62 0.63 0.41 0.70 0.47

FieldPoint Petroleum Accounts Receivable Calculation

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


FieldPoint 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.

FieldPoint Petroleum's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.472/0.467*91
=92.23

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

FieldPoint Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(0.214+0.75 * 0.472+0.5 * 0-6.259
-0-0)/10.6692
=-0.53

* 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.


FieldPoint Petroleum Accounts Receivable Related Terms

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FieldPoint Petroleum (FieldPoint Petroleum) Business Description

Traded in Other Exchanges
N/A
Address
609 Castle Ridge Road, Suite 335, Austin, TX, USA, 78746
FieldPoint Petroleum Corp is a US based company operates in oil and natural gas business. The business activity of the group includes acquisition, development, and operation of oil and natural gas properties. It holds an interest in properties such as Spraberry Trend, and Serbin Field, Texas; Flying M Field, Sulimar Field, North Bilbrey Field, Lusk Field, and Loving North Morrow Field, New Mexico and others. Geographically activities are conducted generally through the region of United States.
Executives
Daniel R Robinson director 190 COYOTE COURT, ARGYLE TX 76226

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