TCEC (TransCoastal) Change In Receivables: $0.03 Mil (TTM As of Jun. 2015)

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What is TransCoastal Change In Receivables?

TransCoastal TCEC Change In Receivables is $0.03 Mil as of Jun. 2015.

TransCoastal's change in receivables for the quarter that ended in Jun. 2015 was $0.02 Mil. It means TransCoastal's Accounts Receivable declined by $0.02 Mil from Mar. 2015 to Jun. 2015 .

TransCoastal's change in receivables for the fiscal year that ended in Dec. 2014 was $0.21 Mil. It means TransCoastal's Accounts Receivable declined by $0.21 Mil from Dec. 2013 to Dec. 2014 .

TransCoastal's Accounts Receivable for the quarter that ended in Jun. 2015 was $0.19 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. TransCoastal's Days Sales Outstanding for the three months ended in Jun. 2015 was 84.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TransCoastal's liquidation value for the three months ended in Jun. 2015 was $-20.85 Mil.

TransCoastal  (OTCPK:TCEC) 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.

TransCoastal's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.188/0.202*91
=84.93

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

TransCoastal's liquidation value for the quarter that ended in Jun. 2015 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.258-21.246+0.75 * 0.188+0.5 * 0
=-20.85

* 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.

TransCoastal Change In Receivables Related Terms

TransCoastal Change In Receivables Historical Data

* Premium members only.

The historical data trend for TransCoastal'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.

TransCoastal Change In Receivables Chart

TransCoastal Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.02 -0.31 -0.74 0.21

TransCoastal Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 0.16 -0.08 0.07 0.02 0.02

TransCoastal 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.03 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 $0.03 Mil mean?
TransCoastal (TCEC) has a Change In Receivables of $0.03 Mil as of Jun. 2015. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TransCoastal and its competitors.
Is TransCoastal's Change In Receivables too high?
TransCoastal's current Change In Receivables is $0.03 Mil.
How does TransCoastal's Change In Receivables compare to UNGS and FPPP?
TransCoastal's Change In Receivables of $0.03 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 TransCoastal and its competitors. TransCoastal's current Change In Receivables is $0.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TransCoastal stock overvalued right now?
TransCoastal (TCEC) has a current Change In Receivables of $0.03 Mil. The current Change In Receivables is $0.03 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 TransCoastal (TCEC), the current Change In Receivables is $0.03 Mil as of Jun. 2015. 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.

TransCoastal Business Description

Industry EnergyOil & Gas
Address 4975 Voyager Drive, Dallas, TX, USA, 75237
TransCoastal Corp is an oil and gas exploration and production company. It is engaged in the development of oil and gas reserves in the state of Texas. The company has acquired or divested over 100 wells in Texas and has over 200 undeveloped locations on over 6000 acres of leased oil and gas property located primarily in the panhandle area of west Texas.