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Scirocco Energy (LSE:SCIR) Change In Receivables : £0.03 Mil (TTM As of Jun. 2023)


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What is Scirocco Energy Change In Receivables?

Scirocco Energy's change in receivables for the quarter that ended in Jun. 2023 was £0.08 Mil. It means Scirocco Energy's Accounts Receivable declined by £0.08 Mil from Dec. 2022 to Jun. 2023 .

Scirocco Energy's change in receivables for the fiscal year that ended in Dec. 2022 was £-0.08 Mil. It means Scirocco Energy's Accounts Receivable increased by £0.08 Mil from Dec. 2021 to Dec. 2022 .

Scirocco Energy's Accounts Receivable for the quarter that ended in Jun. 2023 was £0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Scirocco Energy's liquidation value for the six months ended in Jun. 2023 was £-3.61 Mil.


Scirocco Energy Change In Receivables Historical Data

The historical data trend for Scirocco Energy'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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Scirocco Energy Change In Receivables Chart

Scirocco Energy Annual Data
Trend Jun12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.24 0.11 1.01 0.27 -0.08

Scirocco Energy Semi-Annual Data
Jun13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 -0.19 -0.04 -0.05 0.08

Scirocco Energy 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £0.03 Mil.

* 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.


Scirocco Energy  (LSE:SCIR) 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.

Scirocco Energy's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

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

Scirocco Energy's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.353-3.965+0.75 * 0+0.5 * 0
=-3.61

* 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.


Scirocco Energy Change In Receivables Related Terms

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Scirocco Energy (LSE:SCIR) Business Description

Traded in Other Exchanges
Address
1 Park Row, Leeds, GBR, LS1 5AB
Scirocco Energy PLC, formerly Solo Oil PLC is an oil and gas exploration company. Its principal activities are to acquire a diverse portfolio of direct and indirect interests in the exploration, development and production of oil and gas assets which are based in the Americas, Europe, and Africa.

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