Nine Energy Service (Nine Energy Service) Change In Receivables : $7.4 Mil (TTM As of Mar. 2024)

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What is Nine Energy Service Change In Receivables?

Nine Energy Service's change in receivables for the quarter that ended in Mar. 2024 was $-2.5 Mil. It means Nine Energy Service's Accounts Receivable increased by $2.5 Mil from Dec. 2023 to Mar. 2024 .

Nine Energy Service's change in receivables for the fiscal year that ended in Dec. 2023 was $16.5 Mil. It means Nine Energy Service's Accounts Receivable declined by $16.5 Mil from Dec. 2022 to Dec. 2023 .

Nine Energy Service's Accounts Receivable for the quarter that ended in Mar. 2024 was $91.0 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. Nine Energy Service's Days Sales Outstanding for the three months ended in Mar. 2024 was 58.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nine Energy Service's liquidation value for the three months ended in Mar. 2024 was $-317.1 Mil.

Nine Energy Service Change In Receivables Historical Data

The historical data trend for Nine Energy Service'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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Nine Energy Service Change In Receivables Chart

Nine Energy Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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41.85

52.91

-22.54

-41.11

16.49

Nine Energy Service 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															6.59	3.57	9.69	-3.35	-2.53

Nine Energy Service 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 $7.4 Mil.

Nine Energy Service (NYSE:NINE) 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.

Nine Energy Service's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	90.968	/	142.12	*	91
=	58.41

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

Nine Energy Service'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)
=	10.237	-	423.724	+	0.75 * 90.968	+	0.5 * 56.34
=	-317.1

Nine Energy Service Change In Receivables Related Terms

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Nine Energy Service (Nine Energy Service) Business Description

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NEJ:Germany

Address

2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019

Website

https://www.nineenergyservice.com

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.

Executives

David Crombie	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox	director, officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Guy Sirkes	officer: SVP and CFO	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz	officer: Chief Accounting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier	10 percent owner	5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc	10 percent owner	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston	officer: Chief Accounting Officer	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas	director	P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership	10 percent owner	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p.	10 percent owner	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Curtis F. Harrell	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019