IRIG (Integrated Drilling Equipment Holdings) Change In Receivables: $-6.62 Mil (TTM As of Dec. 2014)

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What is Integrated Drilling Equipment Holdings Change In Receivables?

Integrated Drilling Equipment Holdings IRIG Change In Receivables is $-6.62 Mil as of Dec. 2014.

Integrated Drilling Equipment Holdings's change in receivables for the quarter that ended in Dec. 2014 was $-5.78 Mil. It means Integrated Drilling Equipment Holdings's Accounts Receivable increased by $5.78 Mil from Sep. 2014 to Dec. 2014 .

Integrated Drilling Equipment Holdings's change in receivables for the fiscal year that ended in Dec. 2014 was $-6.62 Mil. It means Integrated Drilling Equipment Holdings's Accounts Receivable increased by $6.62 Mil from Dec. 2013 to Dec. 2014 .

Integrated Drilling Equipment Holdings's Accounts Receivable for the quarter that ended in Dec. 2014 was $15.25 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. Integrated Drilling Equipment Holdings's Days Sales Outstanding for the three months ended in Dec. 2014 was 48.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Integrated Drilling Equipment Holdings's liquidation value for the three months ended in Dec. 2014 was $-54.27 Mil.

Integrated Drilling Equipment Holdings  (OTCPK:IRIG) 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.

Integrated Drilling Equipment Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=15.252/28.866*91
=48.21

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

Integrated Drilling Equipment Holdings's liquidation value for the quarter that ended in Dec. 2014 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1.263-70.942+0.75 * 15.252+0.5 * 7.95
=-54.27

* 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.

Integrated Drilling Equipment Holdings Change In Receivables Related Terms

Integrated Drilling Equipment Holdings Change In Receivables Historical Data

* Premium members only.

The historical data trend for Integrated Drilling Equipment Holdings'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.

Integrated Drilling Equipment Holdings Change In Receivables Chart

Integrated Drilling Equipment Holdings Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Change In Receivables
-10.26 2.90 13.78 -6.62

Integrated Drilling Equipment Holdings Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 -1.93 -2.69 5.33 -3.47 -5.78

Integrated Drilling Equipment Holdings 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 Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.62 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 $-6.62 Mil mean?
Integrated Drilling Equipment Holdings (IRIG) has a Change In Receivables of $-6.62 Mil as of Dec. 2014. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Integrated Drilling Equipment Holdings and its competitors.
Is Integrated Drilling Equipment Holdings' Change In Receivables too high?
Integrated Drilling Equipment Holdings' current Change In Receivables is $-6.62 Mil.
How does Integrated Drilling Equipment Holdings' Change In Receivables compare to ESES and TIRTZ?
Integrated Drilling Equipment Holdings' Change In Receivables of $-6.62 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 Integrated Drilling Equipment Holdings and its competitors. Integrated Drilling Equipment Holdings's current Change In Receivables is $-6.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Drilling Equipment Holdings stock overvalued right now?
Integrated Drilling Equipment Holdings (IRIG) has a current Change In Receivables of $-6.62 Mil. The current Change In Receivables is $-6.62 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 Integrated Drilling Equipment Holdings (IRIG), the current Change In Receivables is $-6.62 Mil as of Dec. 2014. 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.

Integrated Drilling Equipment Holdings Business Description

Industry EnergyOil & Gas
Address 25311 I-45 North, Woodpark Business Center, Spring, TX, USA, 77380
Integrated Drilling Equipment Holdings Corp provides products and services to customers in the oil and gas industry both domestically and internationally. It operates in two segments: Electrical Products & Services and Drilling Products & Services.