PrimeEnergy Resources (PrimeEnergy Resources) Accounts Receivable : $23.9 Mil (As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is PrimeEnergy Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PrimeEnergy Resources's accounts receivables for the quarter that ended in Mar. 2024 was $23.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. PrimeEnergy Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 51.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. PrimeEnergy Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-80.34.

PrimeEnergy Resources Accounts Receivable Historical Data

The historical data trend for PrimeEnergy 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.

* Premium members only.

PrimeEnergy Resources Accounts Receivable Chart

PrimeEnergy Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

13.06

7.82

14.21

12.15

20.30

PrimeEnergy 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															11.15	26.79	17.37	20.30	23.87

PrimeEnergy Resources Accounts Receivable Calculation

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

PrimeEnergy 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.

PrimeEnergy 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
=	23.867	/	42.421	*	91
=	51.34

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

PrimeEnergy 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)
=	(1.75	+	0.75 * 23.867	+	0.5 * 0	-	163.476
-	0	-	0)	/	1.79024
=	-80.34

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.

PrimeEnergy Resources Accounts Receivable Related Terms

Thank you for viewing the detailed overview of PrimeEnergy Resources's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

PrimeEnergy Resources (PrimeEnergy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrimeEnergy Resources Corp (NAS:PNRG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9821 Katy Freeway, Houston, TX, USA, 77024

Website

http://www.primeenergy.com

PrimeEnergy Resources Corp is an independent oil and natural gas company that is engaged in acquiring, developing, and producing oil and natural gas. It owns producing and non-producing properties located in Texas and Oklahoma. The company's business activities include development and exploratory drilling and provide well servicing support operations for many of the onshore oil and gas wells through its subsidiaries. It is also active in the acquisition of producing oil and gas properties through joint ventures with industry partners.

Executives

Rothschild Robert De	10 percent owner	1251 AVENUE OF THE AMERICAS 51ST FL, NEW YORK NY 10020
Clint Hurt	director	4015 HOLLAND #101, DALLAS TX 75219
Drimal Charles E Jr	director, 10 percent owner, officer: Chief Executive Officer	4015 HOLLAND #101, DALLAS TX 75219
Gaines Wehrle	director, 10 percent owner
Gifford Fong	director
Jan K Smeets	director	4015 HOLLAND #101, DALLAS TX 75219
Mcjunkin Red Man Holding Corp	10 percent owner	FULBRIGHT TOWER, 1301 MCKINNEY STREET, SUITE 2300, HOUSTON TX 77010
Mcjunkin Red Man Corp	10 percent owner	2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010
Rene Pierre Azria	10 percent owner	C/O JARDEN CORP, 555 THEODORE FREMD AVE, RYE NY 10580
Gimbel Thomas S T	director
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Gs Capital Partners Vi Gmbh & Co Kg	10 percent owner	200 WEST STREET, New York NY 10282
Gs Capital Partners Vi Parallel Lp	10 percent owner	85 Broad St, New York NY 10004
Gs Advisors Vi, L.l.c.	10 percent owner	1209 ORANGE STREET, WILMINGTON DE 19801