Arrow Exploration (TSXV:AXL) Change In Receivables : C$-7.82 Mil (TTM As of Mar. 2024)

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What is Arrow Exploration Change In Receivables?

Arrow Exploration's change in receivables for the quarter that ended in Mar. 2024 was C$0.18 Mil. It means Arrow Exploration's Accounts Receivable declined by C$0.18 Mil from Dec. 2023 to Mar. 2024 .

Arrow Exploration's change in receivables for the fiscal year that ended in Dec. 2023 was C$-6.52 Mil. It means Arrow Exploration's Accounts Receivable increased by C$6.52 Mil from Dec. 2022 to Dec. 2023 .

Arrow Exploration's Accounts Receivable for the quarter that ended in Mar. 2024 was C$3.24 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. Arrow Exploration's Days Sales Outstanding for the three months ended in Mar. 2024 was 13.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Arrow Exploration's liquidation value for the three months ended in Mar. 2024 was C$-8.51 Mil.

Arrow Exploration Change In Receivables Historical Data

The historical data trend for Arrow Exploration'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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Arrow Exploration Change In Receivables Chart

Arrow Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-3.81

3.77

3.53

-2.73

-6.52

Arrow Exploration 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															1.51	-1.07	-1.98	-4.96	0.18

Arrow Exploration 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$-7.82 Mil.

Arrow Exploration (TSXV:AXL) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.241	/	22.191	*	91
=	13.33

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

Arrow Exploration'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)
=	15.71	-	26.985	+	0.75 * 3.241	+	0.5 * 0.666
=	-8.51

Arrow Exploration Change In Receivables Related Terms

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Arrow Exploration (TSXV:AXL) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (TSXV:AXL) » Definitions » Change In Receivables

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CSTPF:USA AXL:UK

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Executives

Canacol Energy Ltd.

10% Security Holder