Range Resources (LTS:0KTW) Change In Receivables : $105 Mil (TTM As of Mar. 2024)

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What is Range Resources Change In Receivables?

Range Resources's change in receivables for the quarter that ended in Mar. 2024 was $107 Mil. It means Range Resources's Accounts Receivable declined by $107 Mil from Dec. 2023 to Mar. 2024 .

Range Resources's change in receivables for the fiscal year that ended in Dec. 2023 was $223 Mil. It means Range Resources's Accounts Receivable declined by $223 Mil from Dec. 2022 to Dec. 2023 .

Range Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was $167 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. Range Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 25.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Range Resources's liquidation value for the three months ended in Mar. 2024 was $-3,077 Mil.

Range Resources Change In Receivables Historical Data

The historical data trend for Range Resources'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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Range Resources Change In Receivables Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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214.20

24.54

-250.54

-3.29

223.08

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															225.21	92.77	-29.57	-65.33	107.45

Range Resources 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $105 Mil.

Range Resources (LTS:0KTW) 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.

Range Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	167.215	/	598.771	*	91
=	25.48

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

Range Resources's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	343.111	-	3545.034	+	0.75 * 167.215	+	0.5 * 0
=	-3,077

Range Resources Change In Receivables Related Terms

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Range Resources (LTS:0KTW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (LTS:0KTW) » Definitions » Change In Receivables

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RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

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