Crescent Energy Co (Crescent Energy Co) Change In Receivables : $5 Mil (TTM As of Mar. 2024)

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What is Crescent Energy Co Change In Receivables?

Crescent Energy Co's change in receivables for the quarter that ended in Mar. 2024 was $37 Mil. It means Crescent Energy Co's Accounts Receivable declined by $37 Mil from Dec. 2023 to Mar. 2024 .

Crescent Energy Co's change in receivables for the fiscal year that ended in Dec. 2023 was $-42 Mil. It means Crescent Energy Co's Accounts Receivable increased by $42 Mil from Dec. 2022 to Dec. 2023 .

Crescent Energy Co's Accounts Receivable for the quarter that ended in Mar. 2024 was $470 Mil.

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 Receivable are being managed. Crescent Energy Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 65.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Crescent Energy Co's liquidation value for the three months ended in Mar. 2024 was $-2,897 Mil.

Crescent Energy Co Change In Receivables Historical Data

The historical data trend for Crescent Energy Co's Change In Receivables 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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Crescent Energy Co Change In Receivables Chart

Crescent Energy Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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24.10

14.65

-91.63

-110.46

-41.52

Crescent Energy Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												-9.04	28.94	-124.01	62.60	37.03

Crescent Energy Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5 Mil.

Crescent Energy Co (NYSE:CRGY) Change In Receivables 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 Receivable are being managed.

Crescent Energy Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	469.709	/	657.473	*	91
=	65.19

2. In Ben Graham's calculation of liquidation value, Crescent Energy Co's accounts receivable are only considered to be worth 75% of book value:

Crescent Energy Co's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.321	-	3254.958	+	0.75 * 469.709	+	0.5 * 0
=	-2,897

Crescent Energy Co Change In Receivables Related Terms

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Crescent Energy Co (Crescent Energy Co) Business Description

Industry

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Address

600 Travis Street, Suite 7200, Houston, TX, USA, 77002

Website

https://www.crescentenergyco.com

Crescent Energy Co an independent energy company with a portfolio of assets in key basins across the lower 48 states. The company maintains a diverse portfolio of assets in key proven basins across the United States, including the Eagle Ford, Rockies, Barnett, Permian, and Mid-Con. It seeks to deliver attractive risk-adjusted investment returns and predictable cash flows across cycles with a focus on operated oil and gas assets complemented by non?operated assets, mineral and royalty interests, and midstream infrastructure.

Executives

David C. Rockecharlie	director, officer: Chief Executive Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Brandi Kendall	director, officer: Chief Financial Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Independence Energy Aggregator L.p.	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Todd Falk	officer: Chief Accounting Officer	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Bo Shi	officer: See Remarks	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
John Clayton Rynd	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Teacher Retirement System Of Texas	10 percent owner	1000 RED RIVER STREET, AUSTIN TX 78701
Benjamin Conner	officer: Executive Vice President	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Co. Inc.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Bevin Brown	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Erich Bobinsky	director	600 TRAVIS STREET, SUITE 7200, HOUSTON TX 77002
Kkr Group Assets Holdings Iii L.p.	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001