Goodrich Petroleum (Goodrich Petroleum) Accounts Receivable : $1.74 Mil (As of Sep. 2021)

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What is Goodrich Petroleum Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goodrich Petroleum's accounts receivables for the quarter that ended in Sep. 2021 was $1.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goodrich Petroleum's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 2.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goodrich Petroleum's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $N/A.

Goodrich Petroleum Accounts Receivable Historical Data

The historical data trend for Goodrich Petroleum'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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Goodrich Petroleum Accounts Receivable Chart

Goodrich Petroleum Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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2.00

1.37

0.74

1.13

0.92

Goodrich Petroleum Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Accounts Receivable	Get a 7-Day Free Trial															2.11	0.92	1.48	1.47	1.74

Goodrich Petroleum Accounts Receivable Calculation

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

Goodrich Petroleum 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.

Goodrich Petroleum's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.738	/	58.733	*	91
=	2.70

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

Goodrich Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 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)
=	(5.511	+	0.75 * 1.738	+	0.5 * 0.13	-	276.824
-	0	-	0)	/	0
=	N/A

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.

Goodrich Petroleum Accounts Receivable Related Terms

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Goodrich Petroleum (Goodrich Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Goodrich Petroleum Corp (OTCPK:GDPCW) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

801 Louisiana Street, Suite 700, Houston, TX, USA, 77002

Website

http://www.goodrichpetroleum.com

Goodrich Petroleum Corp is an independent oil and gas producer in the United States. The company operates in the Tuscaloosa Marine Shale region, with minor operations in the Eagle Ford and Haynesville shales. The vast majority of exploitation and development efforts on natural gas are carried out in the core of the Haynesville Shale in North Louisiana.

Executives

Jeffrey Serota	director	123 ROBERT S. KERR AVENUE, OKLAHOMA CITY OK 73120
Kristen Mcwatters	officer: Sr. Vice President, CFO & CAO	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Edward J. Sondey	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Kenneth Adam Leight	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Thomas M Souers	director	801 LOUISIANA, SUITE 700, HOUSTON TX 77002
Ronald F Coleman	director	4601 WESTWAY PARK BOULEVARD, HOUSTON TX 77041
Timothy D Leuliette	director	P.O. BOX 701482, PLYMOUTH MI 48170
Paloma Partners Vi Holdings, Llc	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Partners Gp, Llc	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Paloma Vi Merger Sub, Inc.	10 percent owner	1100 LOUISIANA STREET, SUITE 5100, HOUSTON TX 77002
Encap Energy Capital Fund Xi, L.p.	10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Lsp Generation Iv, Llc	10 percent owner	1700 BROADWAY, FLOOR 35, NEW YORK X1 10019
Lsp Investment Advisors, Llc	10 percent owner	1700 BROADWAY, FL. 35, NEW YORK NY 10019
Gen Iv Investment Opportunities, Llc	10 percent owner	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
J.p. Morgan Securities Llc	10 percent owner	383 MADISON AVENUE, NEW YORK NY 10179