Serica Energy (LSE:SQZ) Change In Receivables : £69.9 Mil (TTM As of Dec. 2023)

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What is Serica Energy Change In Receivables?

Serica Energy's change in receivables for the quarter that ended in Dec. 2023 was £4.2 Mil. It means Serica Energy's Accounts Receivable declined by £4.2 Mil from Jun. 2023 to Dec. 2023 .

Serica Energy's change in receivables for the fiscal year that ended in Dec. 2023 was £69.9 Mil. It means Serica Energy's Accounts Receivable declined by £69.9 Mil from Dec. 2022 to Dec. 2023 .

Serica Energy's Accounts Receivable for the quarter that ended in Dec. 2023 was £83.4 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. Serica Energy's Days Sales Outstanding for the six months ended in Dec. 2023 was 52.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Serica Energy's liquidation value for the six months ended in Dec. 2023 was £-269.6 Mil.

Serica Energy Change In Receivables Historical Data

The historical data trend for Serica 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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Serica Energy Change In Receivables Chart

Serica Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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6.15

-3.62

-86.53

-8.57

69.90

Serica Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-94.27	48.79	-57.36	65.65	4.25

Serica 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £69.9 Mil.

Serica Energy (LSE:SQZ) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	83.409	/	292.018	*	91
=	52.13

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

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	245.192	-	582.801	+	0.75 * 83.409	+	0.5 * 10.888
=	-269.6

Serica Energy Change In Receivables Related Terms

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Serica Energy (LSE:SQZ) Business Description

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SQZZF:USA SQZ.GB:UK A3P:Germany

Address

48 George Street, London, GBR, W1U 7DY

Website

https://www.serica-energy.com

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea.

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