Range Resources (Range Resources) Accounts Receivable : $167 Mil (As of Mar. 2024)

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What is Range Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Range Resources's accounts receivables for the quarter that ended in Mar. 2024 was $167 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Range Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Range Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-12.68.

Range Resources Accounts Receivable Historical Data

The historical data trend for Range Resources's Accounts Receivable 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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Range Resources Accounts Receivable Chart

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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272.90

252.64

471.78

481.05

274.67

Range Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															256.03	187.76	217.34	274.67	167.22

Range Resources Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Range Resources Accounts Receivable 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	167.215	/	598.771	*	91
=	25.48

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Range Resources's accounts receivable are only considered to be worth 75% of book value:

Range Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(343.111	+	0.75 * 167.215	+	0.5 * 0	-	3545.034
-	0	-	0)	/	242.594
=	-12.68

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Range Resources Accounts Receivable Related Terms

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Range Resources (Range Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Range Resources Corp (NYSE:RRC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

RAX:Germany RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.

Executives

Dori Ginn	officer: Principal Financial Officer	100 THROCKMORTON SUITE 1200, FORT WORTH TX 76102
Charles G. Griffie	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Reginal Spiller	director	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Greg G Maxwell	director	600 N. DAIRY ASHFORD, HOUSTON TX 77079
Erin W Mcdowell	officer: SVP & General Counsel	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Mark Scucchi	officer: SVP & CFO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Dennis Degner	officer: SVP & COO	100 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
James M Funk	director	FOUR ALLEGHENY CENTER, 9TH FLOOR, PITTSBURGH PA 15212-5355
Jeffrey L Ventura	officer: President and COO	C/O RANGE RESOURCES CORPORATION, 100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
David P Poole	officer: Sr. VP & General Counsel	100 THROCKMORTON, SUITE 1200, FORT WORTH TX 76102
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
Steffen E Palko	director
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111