IXOG (Index Oil & Gas) Change In Receivables: $0.60 Mil (TTM As of Mar. 2009)


What is Index Oil & Gas Change In Receivables?

Index Oil & Gas IXOG -99.86% Change In Receivables is $0.60 Mil as of Mar. 2009.

Index Oil & Gas's change in receivables for the quarter that ended in Mar. 2009 was $-0.02 Mil. It means Index Oil & Gas's Accounts Receivable increased by $0.02 Mil from Dec. 2008 to Mar. 2009 .

Index Oil & Gas's change in receivables for the fiscal year that ended in Mar. 2009 was $0.60 Mil. It means Index Oil & Gas's Accounts Receivable declined by $0.60 Mil from Mar. 2008 to Mar. 2009 .

Index Oil & Gas's Accounts Receivable for the quarter that ended in Mar. 2009 was $0.33 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. Index Oil & Gas's Days Sales Outstanding for the three months ended in Mar. 2009 was 114.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Index Oil & Gas's liquidation value for the three months ended in Mar. 2009 was $-0.54 Mil.

Index Oil & Gas  (OTCPK:IXOG) 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.

Index Oil & Gas's Days Sales Outstanding for the quarter that ended in Mar. 2009 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.327/0.261*91
=114.32

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

Index Oil & Gas's liquidation value for the quarter that ended in Mar. 2009 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.336-1.12+0.75 * 0.327+0.5 * 0
=-0.54

* 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.

Index Oil & Gas Change In Receivables Related Terms

Index Oil & Gas Change In Receivables Historical Data

* Premium members only.

The historical data trend for Index Oil & Gas'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.

Index Oil & Gas Change In Receivables Chart

Index Oil & Gas Annual Data
Trend Dec04 Dec05 Mar06 Mar07 Mar08 Mar09
Change In Receivables
Get a 7-Day Free Trial -0.03 -0.01 -0.13 -0.86 0.60

Index Oil & Gas Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09
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 -0.80 0.07 0.38 0.17 -0.02

Index Oil & Gas 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. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.60 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 $0.60 Mil mean?
Index Oil & Gas (IXOG) has a Change In Receivables of $0.60 Mil as of Mar. 2009. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Index Oil & Gas and its competitors.
Is Index Oil & Gas' Change In Receivables too high?
Index Oil & Gas' current Change In Receivables is $0.60 Mil.
How does Index Oil & Gas' Change In Receivables compare to FPPP and UNGS?
Index Oil & Gas' Change In Receivables of $0.60 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 Index Oil & Gas and its competitors. Index Oil & Gas's current Change In Receivables is $0.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Index Oil & Gas stock overvalued right now?
Index Oil & Gas (IXOG) has a current Change In Receivables of $0.60 Mil. The current Change In Receivables is $0.60 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 Index Oil & Gas (IXOG), the current Change In Receivables is $0.60 Mil as of Mar. 2009. 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.

Index Oil & Gas Business Description

Industry EnergyOil & Gas
Address 10000 Memorial Drive, Suite 440, Houston, TX, USA, 77024
Index Oil & Gas Inc is an independent oil and natural gas company engaged in the acquisition, exploration, development, production and sale of oil and natural gas properties. It focuses on prolific petroleum system of the onshore Gulf Coast of Texas and Louisiana.