Vivakor (Vivakor) Accounts Receivable : $4.18 Mil (As of Mar. 2024)

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What is Vivakor Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Vivakor's accounts receivables for the quarter that ended in Mar. 2024 was $4.18 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Vivakor's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 23.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Vivakor's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.04.

Vivakor Accounts Receivable Historical Data

The historical data trend for Vivakor'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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Vivakor Accounts Receivable Chart

Vivakor Annual Data

Trend

Dec07

Dec08

Dec09

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.01

3.56

2.63

Vivakor Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2.37	3.61	4.01	2.63	4.18

Vivakor Accounts Receivable Calculation

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

Vivakor 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.

Vivakor's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.184	/	16.021	*	91
=	23.83

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

Vivakor's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(1.18	+	0.75 * 4.184	+	0.5 * 0.058	-	58.494
-	0	-	0.014)	/	26.5205
=	-2.04

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.

Vivakor Accounts Receivable Related Terms

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Vivakor (Vivakor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vivakor Inc (NAS:VIVK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4101 North Thanksgiving Way, Lehi, UT, USA, 84043

Website

https://www.vivakor.com

Vivakor Inc is an operator, acquirer, and developer of clean energy technologies and environmental solutions, with a focus on soil remediation. The company remediates the soil and extracts hydrocarbons, such as oils, which are then used to produce asphaltic cement and petroleum-based products. Currently, the company is focusing on remediating oil spills resulting from the Iraqi invasion of Kuwait and naturally occurring oil sand deposits in the Unita basin of Eastern Utah.

Executives

David Natan	director	11190 BISCAYNE BLVD, MIAMI FL 33181
James H. Ballengee	10 percent owner	2009 CHENAULT DRIVE, SUITE 100, CARROLLTON TX 75006
Matthew Nicosia	director	2 PARK PLAZA, SUITE 400, IRVINE CA 92614
Al Ferrara	director	433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Trent Philip Staggs	director	2067 W. BAMBERGER DRIVE, RIVERTON UT 84065
Spence Joseph S Jr	director	C/O VIVAKOR, INC., 433 LAWNDALE DRIVE, SOUTH SALT LAKE CITY UT 84115
Tyler Robert Nelson	officer: Chief Financial Officer	C/O VIVAKOR, INC., 433 LAWNDALE AVENUE, SOUTH SALT LAKE CITY UT 84115
Francis Wen-hou Chen	director	1821 JONES STREET, SAN FRANCISCO CA 94109
Fritz Lin	director	2590 HOLIDAY ROAD, SUITE 100, CORALVILLE IA 52241
John Gryga	director	2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Tannin J Fuja	director, 10 percent owner, officer: CEO and President	2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Ed Corrente	officer: CFO	2590 HOLIDAY ROAD #100, CORALVILLE IA 52241
Nfg, Inc.	10 percent owner	2222 MICHELSON #222-164, IRVINE CA 92612