Total Energy Services (LTS:0S9F) Change In Receivables : C$15.7 Mil (TTM As of Sep. 2024)

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What is Total Energy Services Change In Receivables?

Total Energy Services's change in receivables for the quarter that ended in Sep. 2024 was C$-1.1 Mil. It means Total Energy Services's Accounts Receivable increased by C$1.1 Mil from Jun. 2024 to Sep. 2024 .

Total Energy Services's change in receivables for the fiscal year that ended in Dec. 2023 was C$17.0 Mil. It means Total Energy Services's Accounts Receivable declined by C$17.0 Mil from Dec. 2022 to Dec. 2023 .

Total Energy Services's Accounts Receivable for the quarter that ended in Sep. 2024 was C$147.3 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. Total Energy Services's Days Sales Outstanding for the three months ended in Sep. 2024 was 55.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Total Energy Services's liquidation value for the three months ended in Sep. 2024 was C$-172.0 Mil.

Total Energy Services Change In Receivables Historical Data

The historical data trend for Total Energy Services'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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Total Energy Services Change In Receivables Chart

Total Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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39.64

41.13

-17.64

-64.10

16.98

Total Energy Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-13.52	25.37	-8.56	-0.02	-1.11

Total Energy Services 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$15.7 Mil.

Total Energy Services (LTS:0S9F) 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.

Total Energy Services's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	147.293	/	241.94	*	91
=	55.55

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

Total Energy Services's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	61.879	-	402.532	+	0.75 * 147.293	+	0.5 * 116.359
=	-172.0

Total Energy Services Change In Receivables Related Terms

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Total Energy Services Business Description

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TOTZF:USA 5O7:Germany 5O7:Germany TOT:Canada

Address

734 - 7th Avenue SouthWest, Suite 1000, Calgary, AB, CAN, T2P 3P8

Website

https://www.totalenergy.ca

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The majority of revenue is from the Compression & Process Service segment, which includes the Company fabricates a full range of natural gas compression equipment as well as oil, natural gas and other process equipment The company's operations are conducted in Canada, the United States of America, and Australia, out of which the majority are from Canada.

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