Tourmaline Oil (TSX:TOU) Change In Receivables : C$0 Mil (TTM As of Mar. 2024)

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What is Tourmaline Oil Change In Receivables?

Tourmaline Oil's change in receivables for the quarter that ended in Mar. 2024 was C$0 Mil. It means Tourmaline Oil's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Tourmaline Oil's change in receivables for the fiscal year that ended in Dec. 2023 was C$0 Mil. It means Tourmaline Oil's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Tourmaline Oil's Accounts Receivable for the quarter that ended in Mar. 2024 was C$620 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. Tourmaline Oil's Days Sales Outstanding for the three months ended in Mar. 2024 was 36.40.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tourmaline Oil's liquidation value for the three months ended in Mar. 2024 was C$-5,542 Mil.

Tourmaline Oil Change In Receivables Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil Change In Receivables Chart

Tourmaline Oil Annual Data

Trend

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Change In Receivables

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Tourmaline Oil 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															-	-	-	-	-

Tourmaline Oil 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 C$0 Mil.

Tourmaline Oil (TSX:TOU) 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.

Tourmaline Oil's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	619.81	/	1553.738	*	91
=	36.40

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

Tourmaline Oil'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)
=	0	-	6006.77	+	0.75 * 619.81	+	0.5 * 0
=	-5,542

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Tourmaline Oil (TSX:TOU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tourmaline Oil Corp (TSX:TOU) » Definitions » Change In Receivables

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Traded in Other Exchanges

TRMLF:USA TOU:Mexico 08T:Germany

Address

250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7

Website

https://www.tourmalineoil.com

Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

Executives

Mike Rose

Senior Officer

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