Tuscany International Drilling, (FRA:TS1) Change In Receivables : €1.3 Mil (TTM As of Mar. 2014)

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What is Tuscany International Drilling, Change In Receivables?

Tuscany International Drilling,'s change in receivables for the quarter that ended in Mar. 2014 was €3.8 Mil. It means Tuscany International Drilling,'s Accounts Receivable declined by €3.8 Mil from Dec. 2013 to Mar. 2014 .

Tuscany International Drilling,'s change in receivables for the fiscal year that ended in Dec. 2013 was €-0.1 Mil. It means Tuscany International Drilling,'s Accounts Receivable increased by €0.1 Mil from Dec. 2012 to Dec. 2013 .

Tuscany International Drilling,'s Accounts Receivable for the quarter that ended in Mar. 2014 was €36.4 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. Tuscany International Drilling,'s Days Sales Outstanding for the three months ended in Mar. 2014 was 134.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tuscany International Drilling,'s liquidation value for the three months ended in Mar. 2014 was €-158.1 Mil.

Tuscany International Drilling, Change In Receivables Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Change In Receivables Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

-1.33

-4.02

-30.59

-16.86

-0.11

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Change In Receivables	Get a 7-Day Free Trial															3.54	-4.01	10.11	-8.62	3.77

Tuscany International Drilling, 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 €1.3 Mil.

Tuscany International Drilling, (FRA:TS1) 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.

Tuscany International Drilling,'s Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	36.403	/	24.778	*	91
=	134.06

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

Tuscany International Drilling,'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)
=	7.772	-	198.803	+	0.75 * 36.403	+	0.5 * 11.275
=	-158.1

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Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

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