Parker Drilling Co (Parker Drilling Co) Change In Receivables : $-31.2 Mil (TTM As of Dec. 2019)

View and export this data going back to 2019. Start your Free Trial

What is Parker Drilling Co Change In Receivables?

Parker Drilling Co's change in receivables for the quarter that ended in Dec. 2019 was $0.7 Mil. It means Parker Drilling Co's Accounts Receivable declined by $0.7 Mil from Sep. 2019 to Dec. 2019 .

Parker Drilling Co's change in receivables for the fiscal year that ended in Dec. 2019 was $0.0 Mil. It means Parker Drilling Co's Accounts Receivable stayed the same from Dec. 2018 to Dec. 2019 .

Parker Drilling Co's Accounts Receivable for the quarter that ended in Dec. 2019 was $166.5 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. Parker Drilling Co's Days Sales Outstanding for the three months ended in Dec. 2019 was 97.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parker Drilling Co's liquidation value for the three months ended in Dec. 2019 was $-87.5 Mil.

Parker Drilling Co Change In Receivables Historical Data

The historical data trend for Parker Drilling Co'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.

* Premium members only.

Parker Drilling Co Change In Receivables Chart

Parker Drilling Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Receivables

Get a 7-Day Free Trial

104.00

60.39

-9.63

-15.24

Parker Drilling Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Change In Receivables	Get a 7-Day Free Trial															0.41	-32.84	5.47	-4.53	0.67

Parker Drilling Co 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.2 Mil.

Parker Drilling Co (OTCPK:PKDC) 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.

Parker Drilling Co's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	166.456	/	156.281	*	91
=	97.19

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

Parker Drilling Co's liquidation value for the quarter that ended in Dec. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	104.951	-	328.947	+	0.75 * 166.456	+	0.5 * 23.267
=	-87.5

Parker Drilling Co Change In Receivables Related Terms

Thank you for viewing the detailed overview of Parker Drilling Co's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Parker Drilling Co (Parker Drilling Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parker Drilling Co (OTCPK:PKDC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Greenway Plaza, Suite 100, Houston, TX, USA, 77046

Website

https://www.parkerdrilling.com

Parker Drilling Co is a provider of contract drilling and drilling-related services as well as rental tools and services. It reports its Drilling Services business into two segments namely U.S. (Lower 48) Drilling and International & Alaska Drilling. For Rental Tools Services business reports two segments namely U.S. Rental Tools and International Rental Tools. In the Drilling Services business, the company drill oil, natural gas, and geothermal wells. In Rental business, it provides rental equipment and services to exploration & production companies, drilling contractors and service companies on land and offshore in the United States.