WPX Energy (WPX Energy) Accounts Receivable : $446 Mil (As of Sep. 2020)

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What is WPX Energy Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WPX Energy's accounts receivables for the quarter that ended in Sep. 2020 was $446 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WPX Energy's Days Sales Outstanding for the quarter that ended in Sep. 2020 was 69.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WPX Energy's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-7.89.

WPX Energy Accounts Receivable Historical Data

The historical data trend for WPX 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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WPX Energy Accounts Receivable Chart

WPX Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Accounts Receivable

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300.00

168.00

251.00

269.00

336.00

WPX Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Accounts Receivable	Get a 7-Day Free Trial															553.00	336.00	447.00	424.00	446.00

WPX Energy Accounts Receivable Calculation

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

WPX 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.

WPX Energy's Days Sales Outstanding for the quarter that ended in Sep. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	446	/	583	*	91
=	69.81

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

WPX Energy's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 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)
=	(195	+	0.75 * 446	+	0.5 * 23	-	4965
-	0	-	0)	/	561
=	-7.89

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.

WPX Energy Accounts Receivable Related Terms

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WPX Energy (WPX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » WPX Energy Inc (NYSE:WPX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3500 One Williams Center, Tulsa, OK, USA, 74172-0172

Website

https://www.wpxenergy.com

WPX Energy, based in Tulsa, Oklahoma, is an unconventional oil and gas producer with acreage in the Williston Basin (Bakken), the Permian Basin, and the Rockies. At the end of 2019, the company reported net proven reserves of 528 million barrels of oil equivalent. Net production averaged 167 thousand barrels of oil equivalent per day in 2019, at a ratio of 79% liquids and 21% natural gas.

Executives

Bryan K Guderian	officer: EVP Business Development	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
J Kevin Vann	officer: EVP CFO	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Faulkner Stephen L Jr	officer: VP Controller and CAO	3500 ONE WILLIAMS CENTER, TULSA OK 74172
Encap Energy Capital Fund X, L.p.	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Encap Partners Gp, Llc	director, 10 percent owner	9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Felix Energy Investments Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Felix Investments Holdings Ii, Llc	director, 10 percent owner	1530 16TH STREET, SUITE 500, DENVER CO 80202
Karl F Kurz	director	DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Swanson Douglas E Jr	director	1100 LOUISIANA, SUITE 4900, HOUSTON TX 77002
D Martin Phillips	director	1100 LOUISIANA STREET, SUITE 4900, HOUSTON TX 77002
Kimberly S Lubel	director	P.O. BOX 696000, SAN ANTONIO TX 78269-6000
Kelt Kindick	director	DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Valerie Williams	director	C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
John A Carrig	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172
Robert Herdman	director	ONE WILLIAMS CENTER, SUITE 3800, TULSA OK 74172