Velocity Energy (Velocity Energy) Change In Receivables : $0.52 Mil (TTM As of Jun. 2009)

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What is Velocity Energy Change In Receivables?

Velocity Energy's change in receivables for the quarter that ended in Jun. 2009 was $0.02 Mil. It means Velocity Energy's Accounts Receivable declined by $0.02 Mil from Mar. 2009 to Jun. 2009 .

Velocity Energy's change in receivables for the fiscal year that ended in Dec. 2008 was $2.67 Mil. It means Velocity Energy's Accounts Receivable declined by $2.67 Mil from Dec. 2007 to Dec. 2008 .

Velocity Energy's Accounts Receivable for the quarter that ended in Jun. 2009 was $0.03 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Velocity Energy's liquidation value for the three months ended in Jun. 2009 was $-14.08 Mil.

Velocity Energy Change In Receivables Historical Data

The historical data trend for Velocity Energy'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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Velocity Energy Change In Receivables Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Change In Receivables

2.67

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Change In Receivables	Get a 7-Day Free Trial										0.24	0.32	-0.21	0.39	0.02

Velocity Energy 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. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.52 Mil.

Velocity Energy (OTCPK:VCYE) 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.

Velocity Energy's Days Sales Outstanding for the quarter that ended in Jun. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.031	/	0	*	91
=

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

Velocity Energy's liquidation value for the quarter that ended in Jun. 2009 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.043	-	14.148	+	0.75 * 0.031	+	0.5 * 0
=	-14.08

Velocity Energy Change In Receivables Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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