Prospex Energy (LSE:PXEN) Change In Receivables : £-0.17 Mil (TTM As of Dec. 2023)

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What is Prospex Energy Change In Receivables?

Prospex Energy's change in receivables for the quarter that ended in Dec. 2023 was £0.29 Mil. It means Prospex Energy's Accounts Receivable declined by £0.29 Mil from Jun. 2023 to Dec. 2023 .

Prospex Energy's change in receivables for the fiscal year that ended in Dec. 2023 was £-0.17 Mil. It means Prospex Energy's Accounts Receivable increased by £0.17 Mil from Dec. 2022 to Dec. 2023 .

Prospex Energy's Accounts Receivable for the quarter that ended in Dec. 2023 was £0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Prospex Energy's liquidation value for the six months ended in Dec. 2023 was £-1.22 Mil.

Prospex Energy Change In Receivables Historical Data

The historical data trend for Prospex Energy'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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Prospex Energy Change In Receivables Chart

Prospex Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.11

-0.59

-0.05

-3.13

-0.17

Prospex Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.03	-1.99	-1.14	-0.46	0.29

Prospex Energy 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-0.17 Mil.

Prospex Energy (LSE:PXEN) 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.

Prospex Energy's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.003	/	0	*	91
=

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

Prospex Energy's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.003	-	1.222	+	0.75 * 0.003	+	0.5 * 0
=	-1.22

Prospex Energy Change In Receivables Related Terms

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Prospex Energy (LSE:PXEN) Business Description

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PXEN:UK

Address

c/o Shakespeare Martineau LLP, 60 Gracechurch Street, London, GBR, EC3V 0HR

Website

http://www.prospex.energy

Prospex Energy PLC is a British Oil and Gas investment company. The company's investment policy is to acquire and invest in companies and projects within the natural resources and energy sector with potential for growth and income. Its strategy is to acquire a portfolio of investments in oil and gas projects that are at various stages of the development cycle and which represent attractive opportunities on a risk/reward basis.

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