Savanna Energy Services (TSX:SVY) Accounts Receivable : C$89.3 Mil (As of Mar. 2017)

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What is Savanna Energy Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Savanna Energy Services's accounts receivables for the quarter that ended in Mar. 2017 was C$89.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Savanna Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2017 was 69.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Savanna Energy Services's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was C$-2.33.

Savanna Energy Services Accounts Receivable Historical Data

The historical data trend for Savanna Energy Services'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.

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Savanna Energy Services Accounts Receivable Chart

Savanna Energy Services Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Receivable

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145.45

130.93

129.59

52.75

59.27

Savanna Energy Services Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Accounts Receivable	Get a 7-Day Free Trial															60.97	44.97	52.65	59.27	89.26

Savanna Energy Services Accounts Receivable Calculation

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

Savanna Energy Services 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.

Savanna Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	89.258	/	117.319	*	91
=	69.42

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

Savanna Energy Services's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 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)
=	(25.434	+	0.75 * 89.258	+	0.5 * 6.893	-	361.453
-	0	-	10.094)	/	118.224
=	-2.33

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.

Savanna Energy Services Accounts Receivable Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

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Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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