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IMPP (Imperial Petroleum) Accounts Receivable : $12.5 Mil (As of Sep. 2024)


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What is Imperial Petroleum Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Imperial Petroleum's accounts receivables for the quarter that ended in Sep. 2024 was $12.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Imperial Petroleum's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 34.51.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Imperial Petroleum's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $5.44.


Imperial Petroleum Accounts Receivable Historical Data

The historical data trend for Imperial 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.

Imperial Petroleum Accounts Receivable Chart

Imperial Petroleum Annual Data
Trend Jul07 Jul08 Jul09 Jul10 Jul11 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.67 1.40 7.90 13.50

Imperial Petroleum Quarterly Data
Jan12 Apr12 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 12.83 13.50 16.75 18.54 12.49

Imperial Petroleum Accounts Receivable Calculation

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


Imperial 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.

Imperial Petroleum's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=12.489/33.023*91
=34.51

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

Imperial Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=(199.17+0.75 * 12.489+0.5 * 6.693-28.261
-0.008-0)/33.7268
=5.44

* 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.


Imperial Petroleum Accounts Receivable Related Terms

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Imperial Petroleum Business Description

Traded in Other Exchanges
N/A
Address
331 Kifissias Avenue, Erithrea, Athens, GRC, 14561
Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil and jet fuel, as well as edible oils and chemicals.