GSPBQ.PFD (Gastar Exploration) Accounts Receivable : $20.91 Mil (As of Sep. 2018)

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What is Gastar Exploration Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Gastar Exploration's accounts receivables for the quarter that ended in Sep. 2018 was $20.91 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Gastar Exploration's Days Sales Outstanding for the quarter that ended in Sep. 2018 was 102.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Gastar Exploration's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $N/A.

Gastar Exploration Accounts Receivable Historical Data

The historical data trend for Gastar Exploration'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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Gastar Exploration Accounts Receivable Chart

Gastar Exploration Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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21.66

30.84

14.30

26.88

38.58

Gastar Exploration Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Receivable	Get a 7-Day Free Trial															40.35	38.58	22.15	18.16	20.91

Gastar Exploration Accounts Receivable Calculation

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

Gastar Exploration 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.

Gastar Exploration's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.906	/	18.589	*	91
=	102.62

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

Gastar Exploration's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 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)
=	(17.57	+	0.75 * 20.906	+	0.5 * 0	-	447.533
-	0.062	-	0)	/	0
=	N/A

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.

Gastar Exploration Accounts Receivable Related Terms

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Gastar Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gastar Exploration Inc (OTCPK:GSPBQ.PFD) » Definitions » Accounts Receivable

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N/A

Address

1331 Lamar Street, Suite 650, Houston, TX, USA, 77010

Website

http://www.gastar.com

Gastar Exploration Inc is a Mid-Continent independent energy company which is engaged in the exploration, development, and production of oil, condensate, natural gas, and NGLs (natural gas liquids). The principal business activities of the company include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. The company's exploration properties consist primarily of oil and natural gas leases in the Mid-Continent area of the U.S. in Oklahoma. Gastar operates through a single segment being Exploration and production of oil, condensate, and natural gas.