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Devin Energy (TSXV:DVC.H) Accounts Receivable : C$0.00 Mil (As of Sep. 2019)


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What is Devin Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Devin Energy's accounts receivables for the quarter that ended in Sep. 2019 was C$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. Devin Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2019 was C$-0.08.


Devin Energy Accounts Receivable Historical Data

The historical data trend for Devin Energy'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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Devin Energy Accounts Receivable Chart

Devin Energy Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Accounts Receivable
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Devin Energy Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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Devin Energy Accounts Receivable Calculation

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


Devin Energy 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.

Devin Energy's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

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

Devin Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2019 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)
=(0.01+0.75 * 0+0.5 * 0-0.632
-0-0)/8.19441
=-0.08

* 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.


Devin Energy Accounts Receivable Related Terms

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Devin Energy (TSXV:DVC.H) Business Description

Traded in Other Exchanges
N/A
Address
201 South Christy, Sumner, IL, USA, 62466
Devin Energy Corp is a Canada based company focused on the acquisition, exploration, and development of oil and gas properties located in the United States. The company has an interest in the Siggins Oil Mining Project-1 located in Cumberland County, Illinois, USA.

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