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RusPetro (LSE:RPO) Accounts Receivable : £1.22 Mil (As of Dec. 2015)


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What is RusPetro Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. RusPetro's accounts receivables for the quarter that ended in Dec. 2015 was £1.22 Mil.

Accounts receivable can be measured by Days Sales Outstanding. RusPetro's Days Sales Outstanding for the quarter that ended in Dec. 2015 was 16.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. RusPetro's Net-Net Working Capital per share for the quarter that ended in Dec. 2015 was £-0.28.


RusPetro Accounts Receivable Historical Data

The historical data trend for RusPetro'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.

RusPetro Accounts Receivable Chart

RusPetro Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Accounts Receivable
Get a 7-Day Free Trial 1.09 1.24 1.60 0.77 1.22

RusPetro Semi-Annual Data
Dec10 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.99 0.77 0.92 1.22

RusPetro Accounts Receivable Calculation

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


RusPetro 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.

RusPetro's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.216/13.276*91
=16.72

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

RusPetro's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2015 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)
=(5.017+0.75 * 1.216+0.5 * 0.965-251.08
-0-0)/870.11
=-0.28

* 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.


RusPetro Accounts Receivable Related Terms

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RusPetro (LSE:RPO) Business Description

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RusPetro PLC was incorporated in the United Kingdom on October 20, 2011. It is an independent oil production company operating in Western Siberia. The Company along with its subsidiaries is engaged in the exploration and production of crude oil. The Company holds three licences for exploration for, and extraction of, crude oil and natural gas including the Pottymsko-Inginsky (PI) Licence, the Vostochno-Inginsky (VI) Licence and the Palyanovo Licence in the Khanty-Mansiysk region of the Russian Federation.

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