BPZ Resources (FRA:NA4) Change In Receivables: €24.93 Mil (TTM As of Mar. 2015)

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 BPZ Resources Change In Receivables?

BPZ Resources FRA:NA4 Change In Receivables is €24.93 Mil as of Mar. 2015. The stock has 2 warning signs investors should review.

BPZ Resources's change in receivables for the quarter that ended in Mar. 2015 was €-2.72 Mil. It means BPZ Resources's Accounts Receivable increased by €2.72 Mil from Dec. 2014 to Mar. 2015 .

BPZ Resources's change in receivables for the fiscal year that ended in Dec. 2014 was €22.33 Mil. It means BPZ Resources's Accounts Receivable declined by €22.33 Mil from Dec. 2013 to Dec. 2014 .

BPZ Resources's Accounts Receivable for the quarter that ended in Mar. 2015 was €3.36 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. BPZ Resources's Days Sales Outstanding for the three months ended in Mar. 2015 was 29.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BPZ Resources's liquidation value for the three months ended in Mar. 2015 was €-207.58 Mil.

BPZ Resources  (FRA:NA4) 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.

BPZ Resources's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.36/10.459*91
=29.31

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

BPZ Resources's liquidation value for the quarter that ended in Mar. 2015 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=25.884-241.424+0.75 * 3.36+0.5 * 10.888
=-207.58

* 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.

BPZ Resources Change In Receivables Related Terms

BPZ Resources Change In Receivables Historical Data

* Premium members only.

The historical data trend for BPZ 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.

BPZ Resources Change In Receivables Chart

BPZ Resources Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.79 14.74 -28.66 9.31 22.33

BPZ Resources Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 -6.40 13.71 10.37 3.56 -2.72

BPZ 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 Mar. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was €24.93 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 €24.93 Mil mean?
BPZ Resources (FRA:NA4) has a Change In Receivables of €24.93 Mil as of Mar. 2015. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for BPZ Resources and its competitors.
Is BPZ Resources' Change In Receivables too high?
BPZ Resources' current Change In Receivables is €24.93 Mil.
How does BPZ Resources' Change In Receivables compare to competitors?
BPZ Resources' Change In Receivables of €24.93 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 BPZ Resources and its competitors. BPZ Resources's current Change In Receivables is €24.93 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BPZ Resources stock overvalued right now?
BPZ Resources (FRA:NA4) has a current Change In Receivables of €24.93 Mil. The current Change In Receivables is €24.93 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 BPZ Resources (FRA:NA4), the current Change In Receivables is €24.93 Mil as of Mar. 2015. 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.

BPZ Resources Business Description

Industry EnergyOil & Gas
BPZ Resources Inc is a Texas corporation, incorporated in 1993. The Company is an independent oil and gas company engaged in the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company is in the process of developing its Peruvian oil and gas reserves. It has completed the installation of the new CX-15 platform in the Corvina field to continue the development of the field and continued its drilling campaign there with completion of the CX-15-1D well. The customer of the Company is Peruvian national oil company, Petroleos del Peru - PETROPERU S.A.