ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Change In Receivables : د.إ-390 Mil (TTM As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Change In Receivables?

ADNOC Drilling Company PJSC's change in receivables for the quarter that ended in Dec. 2023 was د.إ-370 Mil. It means ADNOC Drilling Company PJSC's Accounts Receivable increased by د.إ370 Mil from Sep. 2023 to Dec. 2023 .

ADNOC Drilling Company PJSC's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ-390 Mil. It means ADNOC Drilling Company PJSC's Accounts Receivable increased by د.إ390 Mil from Dec. 2022 to Dec. 2023 .

ADNOC Drilling Company PJSC's Accounts Receivable for the quarter that ended in Dec. 2023 was د.إ16 Mil.

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 Receivable are being managed. ADNOC Drilling Company PJSC's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ADNOC Drilling Company PJSC's liquidation value for the three months ended in Dec. 2023 was د.إ-11,075 Mil.

ADNOC Drilling Company PJSC Change In Receivables Historical Data

The historical data trend for ADNOC Drilling Company PJSC's Change In Receivables 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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ADNOC Drilling Company PJSC Change In Receivables Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3,945.28

2,455.34

-76.97

34.44

-389.95

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial											471.92	537.78	-201.28	-356.75	-369.70

ADNOC Drilling Company PJSC Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-390 Mil.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Change In Receivables 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 Receivable are being managed.

ADNOC Drilling Company PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.102	/	3087.709	*	91
=	0.48

2. In Ben Graham's calculation of liquidation value, ADNOC Drilling Company PJSC's accounts receivable are only considered to be worth 75% of book value:

ADNOC Drilling Company PJSC's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1300.655	-	12766.651	+	0.75 * 16.102	+	0.5 * 757.011
=	-11,075

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

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