Greenfire Resources (Greenfire Resources) Change In Receivables : $0.0 Mil (TTM As of Mar. 2024)

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What is Greenfire Resources Change In Receivables?

Greenfire Resources's change in receivables for the quarter that ended in Mar. 2024 was $0.0 Mil. It means Greenfire Resources's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Greenfire Resources's change in receivables for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means Greenfire Resources's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Greenfire Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was $30.7 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. Greenfire Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 18.84.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Greenfire Resources's liquidation value for the three months ended in Mar. 2024 was $-309.0 Mil.

Greenfire Resources Change In Receivables Historical Data

The historical data trend for Greenfire Resources'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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Greenfire Resources Change In Receivables Chart

Greenfire Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Greenfire Resources Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial			-	-	-	-	-

Greenfire Resources 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 $0.0 Mil.

Greenfire Resources (NYSE:GFR) 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.

Greenfire 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
=	30.663	/	148.486	*	91
=	18.84

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

Greenfire Resources'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)
=	66.662	-	403.219	+	0.75 * 30.663	+	0.5 * 9.214
=	-309.0

Greenfire Resources Change In Receivables Related Terms

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Greenfire Resources (Greenfire Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Greenfire Resources Ltd (NYSE:GFR) » Definitions » Change In Receivables

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GFR:Canada

Address

1900 – 205 5th Avenue SW, Calgary, AB, CAN, T2P 2V7

Website

https://www.greenfireres.com

Greenfire Resources Ltd explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. Greenfire currently has two producing oil sand assets, Hangingstone Expansion and Hangingstone Demo.

Greenfire Resources (Greenfire Resources) Headlines

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