Athlon Energy (FRA:28A) Change In Receivables : €-37.2 Mil (TTM As of Sep. 2014)

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What is Athlon Energy Change In Receivables?

Athlon Energy's change in receivables for the quarter that ended in Sep. 2014 was €-11.5 Mil. It means Athlon Energy's Accounts Receivable increased by €11.5 Mil from Jun. 2014 to Sep. 2014 .

Athlon Energy's change in receivables for the fiscal year that ended in Dec. 2013 was €-17.9 Mil. It means Athlon Energy's Accounts Receivable increased by €17.9 Mil from Dec. 2012 to Dec. 2013 .

Athlon Energy's Accounts Receivable for the quarter that ended in Sep. 2014 was €75.4 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. Athlon Energy's Days Sales Outstanding for the three months ended in Sep. 2014 was 53.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Athlon Energy's liquidation value for the three months ended in Sep. 2014 was €-1,303.5 Mil.

Athlon Energy Change In Receivables Historical Data

The historical data trend for Athlon 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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Athlon Energy Change In Receivables Chart

Athlon Energy Annual Data

Trend

Dec11

Dec12

Dec13

Change In Receivables

-12.89

-5.58

-17.91

Athlon Energy Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial			-6.53	-2.32	-10.84	-12.59	-11.48

Athlon 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 Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-37.2 Mil.

Athlon Energy (FRA:28A) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	75.398	/	128.848	*	91
=	53.40

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.878	-	1364.643	+	0.75 * 75.398	+	0.5 * 1.482
=	-1,303.5

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Athlon Energy (FRA:28A) Business Description

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Address

Website

http://www.athlonenergy.com

Athlon Energy Inc was founded in August 2010 and formed on April 1, 2013 as a Delaware corporation. The Company is an independent exploration and production company engaged in the acquisition, development, and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The Permian Basin spans portions of Texas and New Mexico and is composed of three primary sub-basins: the Delaware Basin, the Central Basin Platform, and the Midland Basin. All of the properties are located in the Midland Basin. The Company's drilling activity is primarily engaged in the low-risk vertical development of stacked pay zones, including the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, Atoka, and Mississippian formations, referred to as the Wolfberry play, and horizontal development of the Wolfcamp. As of December 31, 2013, it had identified 2,232 gross vertical drilling locations on 40-acre spacing and an additional 2,616 gross vertical drilling locations on 20-acre spacing. Only 659 gross of these potential vertical drilling locations were booked as proved undeveloped reserves. As of December 31, 2013, it had also identified 1,065 gross horizontal drilling locations targeting Wolfcamp A, Wolfcamp B, Wolfcamp C, and Cline intervals, which comprise 327 gross, 362 gross, 136 gross, and 240 gross locations, respectively. Its acreage position was 127,840 gross acres at December 31, 2013. As of December 31, 2013, it had 127.3 MMBOE of proved reserves, comprised of 71.2 MMBbls of oil, 30.7 MMBbls of NGLs, and 152.2 Bcf of natural gas. The Company's facilities located at well locations include field gathering systems, storage tank batteries, saltwater disposal systems, oil/gas/water separation equipment, and pumping units. It owns 10 saltwater disposal systems with over 45,700 barrels of water per day capacity and access to over 144 fresh water supply wells throughout its acreage.

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