EXCE (EXCO Resources) Change In Receivables: $-3.8 Mil (TTM As of Dec. 2018)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is EXCO Resources Change In Receivables?

EXCO Resources EXCE Change In Receivables is $-3.8 Mil as of Dec. 2018.

EXCO Resources's change in receivables for the quarter that ended in Dec. 2018 was $2.3 Mil. It means EXCO Resources's Accounts Receivable declined by $2.3 Mil from Sep. 2018 to Dec. 2018 .

EXCO Resources's change in receivables for the fiscal year that ended in Dec. 2018 was $-3.8 Mil. It means EXCO Resources's Accounts Receivable increased by $3.8 Mil from Dec. 2017 to Dec. 2018 .

EXCO Resources's Accounts Receivable for the quarter that ended in Dec. 2018 was $94.0 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. EXCO Resources's Days Sales Outstanding for the three months ended in Dec. 2018 was 80.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. EXCO Resources's liquidation value for the three months ended in Dec. 2018 was $-1,942.1 Mil.


EXCO Resources  (OTCPK:EXCE) 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.

EXCO Resources's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=94.036/106.861*91
=80.30

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

EXCO Resources's liquidation value for the quarter that ended in Dec. 2018 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=46.541-2059.189+0.75 * 94.036+0.5 * 0
=-1,942.1

* 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.


EXCO Resources Change In Receivables Related Terms


EXCO Resources Change In Receivables Historical Data

* Premium members only.

The historical data trend for EXCO Resources'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.

EXCO Resources Change In Receivables Chart

EXCO Resources Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.01 88.61 -19.76 -7.16 -3.84

EXCO Resources Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20.34 -17.80 5.65 6.04 2.27

EXCO Resources 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. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.8 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-3.8 Mil mean?
EXCO Resources (EXCE) has a Change In Receivables of $-3.8 Mil as of Dec. 2018. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for EXCO Resources and its competitors.
Is EXCO Resources' Change In Receivables too high?
EXCO Resources' current Change In Receivables is $-3.8 Mil.
How does EXCO Resources' Change In Receivables compare to UPLC and AXAS?
EXCO Resources' Change In Receivables of $-3.8 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for EXCO Resources and its competitors. EXCO Resources's current Change In Receivables is $-3.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EXCO Resources stock overvalued right now?
EXCO Resources (EXCE) has a current Change In Receivables of $-3.8 Mil. The current Change In Receivables is $-3.8 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For EXCO Resources (EXCE), the current Change In Receivables is $-3.8 Mil as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

EXCO Resources Business Description

Industry EnergyOil & Gas
Address 12377 Merit Drive, Suite 1700, Dallas, TX, USA, 75251
EXCO Resources Inc is an oil and gas exploration and production company. Its operations include the exploration, acquisition, development, and production of oil and gas reserves. These activities take place in the company's onshore oilfields within the United States, and focus on shale resource plays. Its fields are located in key oil and gas areas, including Texas, Louisiana, and the Appalachian region. The Louisiana and Texas operations are the most productive fields. The majority of the company's revenue is generated from natural gas, with a smaller portion coming from oil.