Sirius Petroleum (LSE:SRSP) Change In Receivables: £0.97 Mil (TTM As of Jun. 2018)

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What is Sirius Petroleum Change In Receivables?

Sirius Petroleum LSE:SRSP Change In Receivables is £0.97 Mil as of Jun. 2018. The stock has 4 warning signs investors should review.

Sirius Petroleum's change in receivables for the quarter that ended in Jun. 2018 was £1.71 Mil. It means Sirius Petroleum's Accounts Receivable declined by £1.71 Mil from Dec. 2017 to Jun. 2018 .

Sirius Petroleum's change in receivables for the fiscal year that ended in Dec. 2017 was £-0.66 Mil. It means Sirius Petroleum's Accounts Receivable increased by £0.66 Mil from Dec. 2016 to Dec. 2017 .

Sirius Petroleum's Accounts Receivable for the quarter that ended in Jun. 2018 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. Sirius Petroleum's liquidation value for the six months ended in Jun. 2018 was £-7.67 Mil.

Sirius Petroleum  (LSE:SRSP) 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.

Sirius Petroleum's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

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

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

Sirius Petroleum's liquidation value for the quarter that ended in Jun. 2018 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.711-8.38+0.75 * 0+0.5 * 0
=-7.67

* 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.

Sirius Petroleum Change In Receivables Related Terms

Sirius Petroleum Change In Receivables Historical Data

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The historical data trend for Sirius Petroleum'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.

Sirius Petroleum Change In Receivables Chart

Sirius Petroleum Annual Data
Trend Jul08 Jul09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 0.16 -0.06 -0.15 -0.66

Sirius Petroleum Semi-Annual Data
Jan08 Jul08 Jan09 Jul09 Jan10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18
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 Premium Member Only Premium Member Only 0.03 -0.19 0.08 -0.74 1.71

Sirius Petroleum 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 Jun. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.97 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 £0.97 Mil mean?
Sirius Petroleum (LSE:SRSP) has a Change In Receivables of £0.97 Mil as of Jun. 2018. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Sirius Petroleum and its competitors.
Is Sirius Petroleum's Change In Receivables too high?
Sirius Petroleum's current Change In Receivables is £0.97 Mil.
How does Sirius Petroleum's Change In Receivables compare to WHZT and GSPE?
Sirius Petroleum's Change In Receivables of £0.97 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 Sirius Petroleum and its competitors. Sirius Petroleum's current Change In Receivables is £0.97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sirius Petroleum stock overvalued right now?
Sirius Petroleum (LSE:SRSP) has a current Change In Receivables of £0.97 Mil. The current Change In Receivables is £0.97 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 Sirius Petroleum (LSE:SRSP), the current Change In Receivables is £0.97 Mil as of Jun. 2018. 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.

Sirius Petroleum Business Description

Industry EnergyOil & Gas
Address 25 Bury Street, 1st Floor, London, GBR, SW1Y 6AL
Sirius Petroleum PLC is an independent oil development company. It focuses on opportunities in the oil and gas sector with particular emphasis in Nigeria. The company acquires and develops offshore proven oil discoveries in Nigeria that have beneficial indigenous tax regimes. The company has only one operating segment: Oil Extraction and Related Activities.