Omega Oil & Gas (ASX:OMA) Accounts Receivable : A$0.17 Mil (As of Dec. 2023)

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What is Omega Oil & Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Omega Oil & Gas's accounts receivables for the quarter that ended in Dec. 2023 was A$0.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Omega Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.06.

Omega Oil & Gas Accounts Receivable Historical Data

The historical data trend for Omega Oil & Gas'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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Omega Oil & Gas Accounts Receivable Chart

Omega Oil & Gas Annual Data

Trend

Jun22

Jun23

Accounts Receivable

Omega Oil & Gas Semi-Annual Data
	Dec22	Jun23	Dec23
Accounts Receivable	0.49	-	0.17

Omega Oil & Gas Accounts Receivable Calculation

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

Omega Oil & Gas 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.

Omega Oil & Gas's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.169	/	0	*	91
=

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

Omega Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(19.277	+	0.75 * 0.169	+	0.5 * 0	-	2.397
-	0	-	0)	/	283.901
=	0.06

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.

Omega Oil & Gas Accounts Receivable Related Terms

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Omega Oil & Gas (ASX:OMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Omega Oil & Gas Ltd (ASX:OMA) » Definitions » Accounts Receivable

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Address

25 Bligh Street, Suite 12.01, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.omegaoilandgas.com.au

Omega Oil & Gas Ltd s an early mover in an emerging play within the junior oil and gas space in Australia. The company is focused on preparation for the development of Petroleum Lease 17 (PL17), located in the Bennett and Leichardt Fields and Prospect 2037 and 2038 in Queensland, Australia.

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