Equal Energy (FRA:079) Change In Receivables : €-0.86 Mil (TTM As of Mar. 2014)

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What is Equal Energy Change In Receivables?

Equal Energy's change in receivables for the quarter that ended in Mar. 2014 was €-1.20 Mil. It means Equal Energy's Accounts Receivable increased by €1.20 Mil from Dec. 2013 to Mar. 2014 .

Equal Energy's change in receivables for the fiscal year that ended in Dec. 2013 was €0.48 Mil. It means Equal Energy's Accounts Receivable declined by €0.48 Mil from Dec. 2012 to Dec. 2013 .

Equal Energy's Accounts Receivable for the quarter that ended in Mar. 2014 was €9.69 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. Equal Energy's Days Sales Outstanding for the three months ended in Mar. 2014 was 60.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Equal Energy's liquidation value for the three months ended in Mar. 2014 was €-21.68 Mil.

Equal Energy Change In Receivables Historical Data

The historical data trend for Equal Energy'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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Equal Energy Change In Receivables Chart

Equal Energy Annual Data

Trend

Dec04

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Dec13

Change In Receivables

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-4.99

3.00

0.48

Equal Energy Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Change In Receivables	Get a 7-Day Free Trial															0.17	0.62	-0.66	0.37	-1.20

Equal Energy 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 Mar. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.86 Mil.

Equal Energy (FRA:079) 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.

Equal Energy's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.687	/	14.521	*	91
=	60.87

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

Equal Energy's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	12.636	-	41.586	+	0.75 * 9.687	+	0.5 * 0
=	-21.68

Equal Energy Change In Receivables Related Terms

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Equal Energy (FRA:079) Business Description

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http://www.equalenergy.ca

Equal Energy was incorporated on April 8, 2010. The Company is a geographically diversified exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma. It also reviews new drilling opportunities and potential acquisitions to supplement its exploration and development activities. Production during 2012 averaged 10,010 boe/d from both Oklahoma and Canada and was comprised of approximately 49% natural gas 40% NGLs and11% crude oil. In December 2012 the Company's production comes from its Oklahoma based operations. The U.S. core area assets are located mainly in Lincoln and Logan Counties of Oklahoma. Equal Energy's competitors include resource companies which may have greater financial resources, staff and facilities than those of Equal Energy. The oil and gas industry is subject to environmental regulations pursuant to applicable legislation.

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