Promigas (BOG:PROMIGAS) Change In Receivables : COP-296,873 Mil (TTM As of Sep. 2024)

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What is Promigas Change In Receivables?

Promigas's change in receivables for the quarter that ended in Sep. 2024 was COP-94,266 Mil. It means Promigas's Accounts Receivable increased by COP94,266 Mil from Jun. 2024 to Sep. 2024 .

Promigas's change in receivables for the fiscal year that ended in Dec. 2023 was COP-196,105 Mil. It means Promigas's Accounts Receivable increased by COP196,105 Mil from Dec. 2022 to Dec. 2023 .

Promigas's Accounts Receivable for the quarter that ended in Sep. 2024 was COP1,668,506 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. Promigas's Days Sales Outstanding for the three months ended in Sep. 2024 was 85.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Promigas's liquidation value for the three months ended in Sep. 2024 was COP-10,544,811 Mil.

Promigas Change In Receivables Historical Data

The historical data trend for Promigas'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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Promigas Change In Receivables Chart

Promigas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-151,042.03

27,351.81

-92,064.21

-145,411.02

-196,104.86

Promigas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-21,145.27	-102,380.04	-92,146.57	-8,080.92	-94,265.73

Promigas 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was COP-296,873 Mil.

Promigas (BOG:PROMIGAS) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1668505.868	/	1784800.075	*	91
=	85.30

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

Promigas's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	987504.112	-	12882260.967	+	0.75 * 1668505.868	+	0.5 * 197133.232
=	-10,544,811

Promigas Change In Receivables Related Terms

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Promigas Business Description

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Address

Calle 66 No. 67 - 123, Barranquilla, COL

Website

https://www.promigas.com

Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry, Distribution and sale of gas and energy, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, and non-banking financing, The company generates the majority of its revenue from the transport and distribution of natural gas.

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