LNG Energy Group (TSXV:LNGE) Accounts Receivable : C$3.91 Mil (As of Sep. 2024)

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What is LNG Energy Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LNG Energy Group's accounts receivables for the quarter that ended in Sep. 2024 was C$3.91 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LNG Energy Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 25.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LNG Energy Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was C$-1.42.

LNG Energy Group Accounts Receivable Historical Data

The historical data trend for LNG Energy Group'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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LNG Energy Group Accounts Receivable Chart

LNG Energy Group Annual Data

Trend

May22

May23

Accounts Receivable

0.10

0.02

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Accounts Receivable	Get a 7-Day Free Trial			-	0.04	13.48	9.73	3.91

LNG Energy Group Accounts Receivable Calculation

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

LNG Energy Group 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.

LNG Energy Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.911	/	13.749	*	91
=	25.96

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

LNG Energy Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(4.737	+	0.75 * 3.911	+	0.5 * 9.821	-	233.893
-	0	-	0)	/	155.751
=	-1.42

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.

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LNG Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LNG Energy Group Corp (TSXV:LNGE) » Definitions » Accounts Receivable

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Traded in Other Exchanges

E26:Germany

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

Executives

Michael Galego	Director, Senior Officer
Pablo Navarro	Director, Senior Officer

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