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Petrolia SE (OSL:PSE) Accounts Receivable : kr146.3 Mil (As of Dec. 2024)


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What is Petrolia SE Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Petrolia SE's accounts receivables for the quarter that ended in Dec. 2024 was kr146.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Petrolia SE's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 85.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Petrolia SE's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was kr1.31.


Petrolia SE Accounts Receivable Historical Data

The historical data trend for Petrolia SE'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.

Petrolia SE Accounts Receivable Chart

Petrolia SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.90 91.83 108.19 157.55 146.26

Petrolia SE Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 108.19 164.87 157.55 130.91 146.26

Petrolia SE Accounts Receivable Calculation

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


Petrolia SE 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.

Petrolia SE's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=146.258/310.816*91
=85.88

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

Petrolia SE's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(206.781+0.75 * 146.258+0.5 * 20.578-229.513
-0-19.894)/59.034
=1.31

* 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.


Petrolia SE Accounts Receivable Related Terms

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Petrolia SE Business Description

Industry
Traded in Other Exchanges
Address
205 Christodoulou Chatzipavlou Street, Loulloupis Court, 4th Floor, Office 401, Limassol, CYP, 3036
Petrolia SE is engaged in the sale and rental of energy service equipment to the energy industry. The company operates in two business divisions: Energy and Energy Service. The Energy division focuses on exploration for and production of oil and gas. The Energy Service division is focused on well services for oil and gas drilling, mainly through the Independent Oil Tools AS Group. Well services are also provided for thermo and salt drilling. The group owns one landrig, drills and performs workover on land wells as a drilling contractor with this rig and hired in rigs whenever drilling contracts are secured. Geographically, it operates in Norway, Europe outside Norway, and Asia and Australia.

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