VTDRF (Vantage Drilling International) Change In Receivables: $-42.2 Mil (TTM As of Dec. 2022)

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VTDRF Vantage Drilling International Ltd VTDRF
8 GF Score
Price $18.50
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What is Vantage Drilling International Change In Receivables?

Vantage Drilling International VTDRF 8 Change In Receivables is $-42.2 Mil as of Dec. 2022. GuruFocus rates VTDRF with a GF Score™ of 8/100.

Vantage Drilling International's change in receivables for the quarter that ended in Dec. 2022 was $-42.2 Mil. It means Vantage Drilling International's Accounts Receivable increased by $42.2 Mil from Dec. 2021 to Dec. 2022 .

Vantage Drilling International's change in receivables for the fiscal year that ended in Dec. 2022 was $-42.2 Mil. It means Vantage Drilling International's Accounts Receivable increased by $42.2 Mil from Dec. 2021 to Dec. 2022 .

Vantage Drilling International's Accounts Receivable for the quarter that ended in Dec. 2022 was $62.8 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. Vantage Drilling International's Days Sales Outstanding for the six months ended in Dec. 2022 was 41.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vantage Drilling International's liquidation value for the six months ended in Dec. 2022 was $-174.3 Mil.

Vantage Drilling International  (OTCPK:VTDRF) 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.

Vantage Drilling International's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=62.776/278.716*91
=41.10

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

Vantage Drilling International's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=74.026-316.062+0.75 * 62.776+0.5 * 41.25
=-174.3

* 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.

Vantage Drilling International Change In Receivables Related Terms

Vantage Drilling International Change In Receivables Historical Data

* Premium members only.

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International Change In Receivables Chart

Vantage Drilling International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.95 -18.07 21.79 -20.12 -42.24

Vantage Drilling International Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
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 16.95 -18.07 21.79 -20.12 -42.24
VTDRF
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Vantage Drilling International Ltd VTDRF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Vantage Drilling International 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2022 was $-42.2 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-42.2 Mil mean?
Vantage Drilling International (VTDRF) has a Change In Receivables of $-42.2 Mil as of Dec. 2022. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Vantage Drilling International and its competitors.
Is Vantage Drilling International's Change In Receivables too high?
Vantage Drilling International's current Change In Receivables is $-42.2 Mil. Overall, Vantage Drilling International has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Vantage Drilling International's Change In Receivables compare to SOC and NBR?
Vantage Drilling International's Change In Receivables of $-42.2 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Vantage Drilling International and its competitors. Vantage Drilling International's current Change In Receivables is $-42.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vantage Drilling International stock overvalued right now?
Vantage Drilling International (VTDRF) has a current Change In Receivables of $-42.2 Mil. The current Change In Receivables is $-42.2 Mil. Vantage Drilling International's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Vantage Drilling International (VTDRF), the current Change In Receivables is $-42.2 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vantage Drilling International Business Description

Industry EnergyOil & Gas
Other Exchanges VDI:Norway
Address 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056
Vantage Drilling International Ltd is an international offshore drilling company engaged in providing contract drilling services and related support services. The company operates through two segments: Drilling Services, which includes activities related to owned rigs, and Managed Services, which involves managing and supporting rigs owned by third parties. It mainly provides offshore drilling services to oil and gas companies in international markets.
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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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