Permex Petroleum (XCNQ:OIL) Accounts Receivable : C$0.13 Mil (As of Jun. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Permex Petroleum Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Permex Petroleum's accounts receivables for the quarter that ended in Jun. 2023 was C$0.13 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Permex Petroleum's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 56.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Permex Petroleum's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was C$-7.27.

Permex Petroleum Accounts Receivable Historical Data

The historical data trend for Permex Petroleum'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.

Permex Petroleum Accounts Receivable Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Accounts Receivable

Get a 7-Day Free Trial

0.28

0.12

0.05

0.02

0.18

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Accounts Receivable	Get a 7-Day Free Trial															0.24	0.18	0.25	0.21	0.13

Permex Petroleum Accounts Receivable Calculation

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

Permex Petroleum 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.

Permex Petroleum's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.129	/	0.209	*	91
=	56.32

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

Permex Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 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)
=	(1.015	+	0.75 * 0.129	+	0.5 * 0	-	5.123
-	0	-	0)	/	0.5515
=	-7.27

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.

Permex Petroleum Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Permex Petroleum's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer