Quicksilver Resources (FRA:QSR) Accounts Receivable : €24.5 Mil (As of Sep. 2015)

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What is Quicksilver Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Quicksilver Resources's accounts receivables for the quarter that ended in Sep. 2015 was €24.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Quicksilver Resources's Days Sales Outstanding for the quarter that ended in Sep. 2015 was 42.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Quicksilver Resources's Net-Net Working Capital per share for the quarter that ended in Sep. 2015 was €-10.41.

Quicksilver Resources Accounts Receivable Historical Data

The historical data trend for Quicksilver 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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Quicksilver Resources Accounts Receivable Chart

Quicksilver Resources Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Accounts Receivable

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47.92

43.49

46.23

36.74

44.18

Quicksilver Resources Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Accounts Receivable	Get a 7-Day Free Trial															46.17	44.18	46.22	26.45	24.54

Quicksilver Resources Accounts Receivable Calculation

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

Quicksilver 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.

Quicksilver Resources's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	24.535	/	52.557	*	91
=	42.60

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

Quicksilver Resources's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2015 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)
=	(156.525	+	0.75 * 24.535	+	0.5 * 0	-	2046.24
-	0	-	0)	/	179.778
=	-10.41

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.

Quicksilver Resources Accounts Receivable Related Terms

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Quicksilver Resources (FRA:QSR) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Quicksilver Resources Inc (FRA:QSR) » Definitions » Accounts Receivable

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Address

Website

http://www.qrinc.com

Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.