Vitesse Energy (Vitesse Energy) Change In Receivables : $-10.9 Mil (TTM As of Mar. 2024)

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What is Vitesse Energy Change In Receivables?

Vitesse Energy's change in receivables for the quarter that ended in Mar. 2024 was $3.6 Mil. It means Vitesse Energy's Accounts Receivable declined by $3.6 Mil from Dec. 2023 to Mar. 2024 .

Vitesse Energy's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.8 Mil. It means Vitesse Energy's Accounts Receivable increased by $0.8 Mil from Dec. 2022 to Dec. 2023 .

Vitesse Energy's Accounts Receivable for the quarter that ended in Mar. 2024 was $41.3 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. Vitesse Energy's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vitesse Energy's liquidation value for the three months ended in Mar. 2024 was $-194.7 Mil.

Vitesse Energy Change In Receivables Historical Data

The historical data trend for Vitesse 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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Vitesse Energy Change In Receivables Chart

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Change In Receivables

-4.12

18.66

-15.96

-10.76

-0.81

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial						13.71	4.00	-11.80	-6.72	3.63

Vitesse 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-10.9 Mil.

Vitesse Energy (NYSE:VTS) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	41.286	/	61.193	*	91
=	61.57

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

Vitesse Energy'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)
=	1.377	-	227.015	+	0.75 * 41.286	+	0.5 * 0
=	-194.7

Vitesse Energy Change In Receivables Related Terms

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Vitesse Energy (Vitesse Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vitesse Energy Inc (NYSE:VTS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.

Executives

James P Henderson	officer: Chief Financial Officer	1625 BROADWAY, SUITE 250, DENVER CO 80202
Robert W Gerrity	director, officer: Chief Executive Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Leary Dan O	director	10590 HAMILTON AVENUE, CINCINNATI OH 45231-0012
Joseph S Steinberg	director	C/O LEUCADIA NATIONAL CORP, 315 PARK AVENUE SOUTH, NEW YORK NY 10010
Brian Cree	officer: President	9200 E. MINERAL AVE., SUITE 200, CENTENNIAL CO 80112
Christopher I Humber	officer: General Counsel and Secretary	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Brian P Friedman	director
Randy I Stein	director	1670 BROADWAY SUITE 2800, DENVER CO 80202
Linda Adamany	director	505 FRONT AVE., P.O. BOX "I", COEUR D'ALENE ID 83816
Cathleen M Osborn	director	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Jefferies Financial Group Inc.	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022
David R Macosko	officer: Chief Financial Officer	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Michael Sabol	officer: VP - SEC & Financial Reporting	9200 E. MINERAL AVE, SUITE 200, CENTENNIAL CO 80112
Mike Morella	officer: VP - Chief Accounting Officer	9200 E. MINERAL AVE., SUITE 200, CENTENNIAI CO 80112
Vitesse Energy Finance Llc	10 percent owner	520 MADISON AVENUE, NEW YORK NY 10022