Savanna Energy Services (TSX:SVY) Change In Receivables : C$0.0 Mil (TTM As of Mar. 2017)

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What is Savanna Energy Services Change In Receivables?

Savanna Energy Services's change in receivables for the quarter that ended in Mar. 2017 was C$0.0 Mil. It means Savanna Energy Services's Accounts Receivable stayed the same from Dec. 2016 to Mar. 2017 .

Savanna Energy Services's change in receivables for the fiscal year that ended in Dec. 2016 was C$0.0 Mil. It means Savanna Energy Services's Accounts Receivable stayed the same from Dec. 2015 to Dec. 2016 .

Savanna Energy Services's Accounts Receivable for the quarter that ended in Mar. 2017 was C$89.3 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. Savanna Energy Services's Days Sales Outstanding for the three months ended in Mar. 2017 was 69.42.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Savanna Energy Services's liquidation value for the three months ended in Mar. 2017 was C$-265.6 Mil.

Savanna Energy Services Change In Receivables Historical Data

The historical data trend for Savanna 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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Savanna Energy Services Change In Receivables Chart

Savanna Energy Services Annual Data

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Change In Receivables

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Savanna Energy Services Quarterly Data
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Savanna 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 Mar. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.0 Mil.

Savanna Energy Services (TSX:SVY) 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.

Savanna Energy Services's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	89.258	/	117.319	*	91
=	69.42

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

Savanna Energy Services's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	25.434	-	361.453	+	0.75 * 89.258	+	0.5 * 6.893
=	-265.6

Savanna Energy Services Change In Receivables Related Terms

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Savanna Energy Services (TSX:SVY) Business Description

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http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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