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Tenth Avenue Petroleum (TSXV:TPC) Change In Receivables : C$-0.10 Mil (TTM As of Mar. 2024)


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What is Tenth Avenue Petroleum Change In Receivables?

Tenth Avenue Petroleum's change in receivables for the quarter that ended in Mar. 2024 was C$-0.10 Mil. It means Tenth Avenue Petroleum's Accounts Receivable increased by C$0.10 Mil from Dec. 2023 to Mar. 2024 .

Tenth Avenue Petroleum's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.00 Mil. It means Tenth Avenue Petroleum's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Tenth Avenue Petroleum's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.28 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. Tenth Avenue Petroleum's Days Sales Outstanding for the three months ended in Mar. 2024 was 32.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tenth Avenue Petroleum's liquidation value for the three months ended in Mar. 2024 was C$-3.74 Mil.

Tenth Avenue Petroleum Change In Receivables Historical Data

The historical data trend for Tenth Avenue Petroleum'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.

Tenth Avenue Petroleum Change In Receivables Chart

Tenth Avenue Petroleum Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 0.08 -0.12 -0.40 -

Tenth Avenue Petroleum 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 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 0.05 - - - -0.10

Tenth Avenue Petroleum 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$-0.10 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.

Tenth Avenue Petroleum  (TSXV:TPC) 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.

Tenth Avenue Petroleum's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.284/0.796*91
=32.56

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

Tenth Avenue Petroleum'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)
=0.081-4.033+0.75 * 0.284+0.5 * 0
=-3.74

* 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.

Tenth Avenue Petroleum Change In Receivables Related Terms

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Tenth Avenue Petroleum (TSXV:TPC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tenth Avenue Petroleum Corp (TSXV:TPC) » Definitions » Change In Receivables
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Traded in Other Exchanges
N/A
Address
188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4
Website
https://www.tenthavenuepetroleum.com
Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.
Executives
Fern Macdonald 10% Security Holder