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Jersey Oil and Gas (LSE:JOG) Accounts Receivable : £0.00 Mil (As of Dec. 2023)


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What is Jersey Oil and Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Jersey Oil and Gas's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 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. Jersey Oil and Gas's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £0.29.


Jersey Oil and Gas Accounts Receivable Historical Data

The historical data trend for Jersey Oil and 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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Jersey Oil and Gas Accounts Receivable Chart

Jersey Oil and Gas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 - - - -

Jersey Oil and Gas Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Jersey Oil and Gas Accounts Receivable Calculation

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


Jersey Oil and 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.

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

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

Jersey Oil and 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)
=(10.483+0.75 * 0+0.5 * 0-0.867
-0-0)/32.666
=0.29

* 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.


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.


Jersey Oil and Gas Accounts Receivable Related Terms

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Jersey Oil and Gas (LSE:JOG) Business Description

Traded in Other Exchanges
Address
5 St Andrew’s Place, Ground Floor, Channel Islands, St Helier, JEY, JE2 3RP
Jersey Oil and Gas PLC and its subsidiaries are involved in upstream oil and gas business in the United Kingdom. The company's operating segment includes Oil and gas exploration, appraisal, development and production, in a single geographical location, the North Sea of the United Kingdom.

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