Concho Resources (FRA:KIJ) Change In Receivables : €228 Mil (TTM As of Sep. 2020)

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What is Concho Resources Change In Receivables?

Concho Resources's change in receivables for the quarter that ended in Sep. 2020 was €-16 Mil. It means Concho Resources's Accounts Receivable increased by €16 Mil from Jun. 2020 to Sep. 2020 .

Concho Resources's change in receivables for the fiscal year that ended in Dec. 2019 was €-81 Mil. It means Concho Resources's Accounts Receivable increased by €81 Mil from Dec. 2018 to Dec. 2019 .

Concho Resources's Accounts Receivable for the quarter that ended in Sep. 2020 was €443 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. Concho Resources's Days Sales Outstanding for the three months ended in Sep. 2020 was 57.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Concho Resources's liquidation value for the three months ended in Sep. 2020 was €-3,348 Mil.

Concho Resources Change In Receivables Historical Data

The historical data trend for Concho 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.

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Concho Resources Change In Receivables Chart

Concho Resources Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Receivables

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117.50

30.34

-106.47

-30.77

-81.00

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Receivables	Get a 7-Day Free Trial															-47.22	-63.90	110.41	198.02	-16.13

Concho 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was €228 Mil.

Concho Resources (FRA:KIJ) 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.

Concho Resources's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	443.178	/	708.066	*	91
=	57.11

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

Concho Resources's liquidation value for the quarter that ended in Sep. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	341.298	-	4032.75	+	0.75 * 443.178	+	0.5 * 22.074
=	-3,348

Concho Resources Change In Receivables Related Terms

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Concho Resources (FRA:KIJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (FRA:KIJ) » Definitions » Change In Receivables

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Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

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