IXOG (Index Oil & Gas) Accounts Receivable: $0.33 Mil (As of Mar. 2009)

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What is Index Oil & Gas Accounts Receivable?

Index Oil & Gas IXOG -99.86% Accounts Receivable is $0.33 Mil as of Mar. 2009.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Index Oil & Gas's accounts receivables for the quarter that ended in Mar. 2009 was $0.33 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Index Oil & Gas's Days Sales Outstanding for the quarter that ended in Mar. 2009 was 114.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Index Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Mar. 2009 was $-0.01.

Index 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.

Index Oil & Gas's Days Sales Outstanding for the quarter that ended in Mar. 2009 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.327/0.261*91
=114.32

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

Index Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2009 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)
=(0.336+0.75 * 0.327+0.5 * 0-1.12
-0-0)/71.636
=-0.01

* 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.

Index Oil & Gas Accounts Receivable Related Terms

Index Oil & Gas Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Index 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.

Index Oil & Gas Accounts Receivable Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
Accounts Receivable
Get a 7-Day Free Trial 0.01 0.01 0.08 0.97 0.33

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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 0.97 0.92 0.45 0.29 0.33

Index Oil & Gas Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $0.33 Mil mean?
Index Oil & Gas (IXOG) has a Accounts Receivable of $0.33 Mil as of Mar. 2009. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Index Oil & Gas and its competitors.
Is Index Oil & Gas' Accounts Receivable too high?
Index Oil & Gas' current Accounts Receivable is $0.33 Mil.
How does Index Oil & Gas' Accounts Receivable compare to FPPP and UNGS?
Index Oil & Gas' Accounts Receivable of $0.33 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Oil & Gas company?
A good Accounts Receivable depends on the Oil & Gas industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Index Oil & Gas and its competitors. Index Oil & Gas's current Accounts Receivable is $0.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current Accounts Receivable of $0.33 Mil. The current Accounts Receivable is $0.33 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Index Oil & Gas (IXOG), the current Accounts Receivable is $0.33 Mil as of Mar. 2009. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.