Heritage Oil (LSE:0PZU) Change In Receivables : £3.8 Mil (TTM As of Dec. 2013)

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What is Heritage Oil Change In Receivables?

Heritage Oil's change in receivables for the quarter that ended in Dec. 2013 was £3.8 Mil. It means Heritage Oil's Accounts Receivable declined by £3.8 Mil from Dec. 2012 to Dec. 2013 .

Heritage Oil's change in receivables for the fiscal year that ended in Dec. 2013 was £3.8 Mil. It means Heritage Oil's Accounts Receivable declined by £3.8 Mil from Dec. 2012 to Dec. 2013 .

Heritage Oil's Accounts Receivable for the quarter that ended in Dec. 2013 was £0.5 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. Heritage Oil's Days Sales Outstanding for the six months ended in Dec. 2013 was 0.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Heritage Oil's liquidation value for the six months ended in Dec. 2013 was £-1,370.4 Mil.

Heritage Oil Change In Receivables Historical Data

The historical data trend for Heritage Oil'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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Heritage Oil Change In Receivables Chart

Heritage Oil Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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-0.21

-0.72

0.09

-22.99

3.79

Heritage Oil Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Change In Receivables	Get a 7-Day Free Trial												-0.21	-0.72	0.09	-22.99	3.79

Heritage Oil 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2013 was £3.8 Mil.

Heritage Oil (LSE:0PZU) 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.

Heritage Oil's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.499	/	263.474	*	91
=	0.35

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

Heritage Oil's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	112.133	-	1482.993	+	0.75 * 0.499	+	0.5 * 0.187
=	-1,370.4

Heritage Oil Change In Receivables Related Terms

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Heritage Oil (LSE:0PZU) Business Description

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http://www.heritageoilplc.com

Heritage Oil PLC was incorporated under the Jersey Companies Law on 6 February 2008 as Heritage Oil Limited. The Company changed its name to Heritage Oil Plc on 18 June 2009. The Company is an independent international oil and gas company. The Company is engaged in the exploration, development and production of petroleum and natural gas in Africa, the Middle East and Russia. The Company has exploration projects in Nigeria, Russia, Tanzania, Papua New Guinea, Malta, Pakistan and Libya. The Company has producing assets in Nigeria and Russia and exploration assets in Tanzania, Papua New Guinea, Malta, Libya and Pakistan.

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