Harvest Oil & Gas (Harvest Oil & Gas) Accounts Receivable : $7.87 Mil (As of Sep. 2020)

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What is Harvest Oil & Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Harvest Oil & Gas's accounts receivables for the quarter that ended in Sep. 2020 was $7.87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Harvest Oil & Gas's Days Sales Outstanding for the quarter that ended in Sep. 2020 was 96.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Harvest Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-71.38.

Harvest Oil & Gas Accounts Receivable Historical Data

The historical data trend for Harvest Oil & Gas'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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Harvest Oil & Gas Accounts Receivable Chart

Harvest Oil & Gas Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Receivable

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24.29

39.63

47.69

40.18

14.08

Harvest Oil & Gas Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Accounts Receivable	Get a 7-Day Free Trial															21.54	14.08	8.90	8.11	7.87

Harvest Oil & Gas Accounts Receivable Calculation

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

Harvest Oil & Gas 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.

Harvest Oil & Gas's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.867	/	7.478	*	91
=	96.00

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

Harvest Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 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)
=	(17.678	+	0.75 * 7.867	+	0.5 * 0	-	96.547
-	0	-	0)	/	1.02227
=	-71.38

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.

Harvest Oil & Gas Accounts Receivable Related Terms

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