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Oil and Gas Exploration and Production AD (LTS:0OMR) Accounts Receivable : лв3.66 Mil (As of Dec. 2022)


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What is Oil and Gas Exploration and Production AD Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Oil and Gas Exploration and Production AD's accounts receivables for the quarter that ended in Dec. 2022 was лв3.66 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Oil and Gas Exploration and Production AD's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 13.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Oil and Gas Exploration and Production AD's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was лв0.23.


Oil and Gas Exploration and Production AD Accounts Receivable Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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.

Oil and Gas Exploration and Production AD Accounts Receivable Chart

Oil and Gas Exploration and Production AD Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.19 2.71 2.81 3.88 3.66

Oil and Gas Exploration and Production AD Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 2.19 2.71 2.81 3.88 3.66

Oil and Gas Exploration and Production AD Accounts Receivable Calculation

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


Oil and Gas Exploration and Production AD 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.

Oil and Gas Exploration and Production AD's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.661/50.238*91
=13.30

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

Oil and Gas Exploration and Production AD's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(25.785+0.75 * 3.661+0.5 * 7.541-24.652
-0-4.787)/12.2281
=0.23

* 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.


Oil and Gas Exploration and Production AD Accounts Receivable Related Terms

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Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

Traded in Other Exchanges
Address
2, Stefan Karadja Street, Sofia, BGR, 1080
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

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