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PetroGas Co (PetroGas Co) Accounts Receivable : $0.00 Mil (As of Dec. 2023)


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What is PetroGas Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. PetroGas Co'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. PetroGas Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.03.


PetroGas Co Accounts Receivable Historical Data

The historical data trend for PetroGas Co'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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PetroGas Co Accounts Receivable Chart

PetroGas Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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PetroGas Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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PetroGas Co Accounts Receivable Calculation

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


PetroGas Co 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.

PetroGas Co'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), PetroGas Co's accounts receivable are only considered to be worth 75% of book value:

PetroGas Co'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)
=(0+0.75 * 0+0.5 * 0-0.77
-0-0)/22.9967
=-0.03

* 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.


PetroGas Co Accounts Receivable Related Terms

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PetroGas Co (PetroGas Co) Business Description

Traded in Other Exchanges
N/A
Address
2800 Post Oak Boulevard, Suite 4100, Houston, TX, USA, 77056
PetroGas Co is an oil and gas exploration and production company. It is focused on the acquisition of properties in areas with significant oil reserves and drilling potential.
Executives
Mark Corrao officer: CFO 531 AIRPORT NORTH OFFICE PARK, FORT WAYNE IN 46825
Robert Wiener director 2537 S. GESSNER, #201, HOUSTON TX 77063
Joe Madison Seabourn director 2925 ROBERTSON DR., ABILENE TX 79606
Huang Yu director, officer: President, Secretary, Treasure GAO XIN KAI FA QU GAO XIN SI LU ZHONG, JIAN SAN JU RONG HE TIAN YU XIANG MU BU, LIU ZHOU, GUANG XI F4 00000
Xiang Wu Zheng 10 percent owner HOA SI SHA JING LU 1 HAO 51 HU LONG TIAN, ZHENG, CHAO NAN QU, SHAN TOU, HUANG DONG F4 00000

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