Patterson-UTI Energy (Patterson-UTI Energy) Change In Receivables : $107 Mil (TTM As of Mar. 2024)

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What is Patterson-UTI Energy Change In Receivables?

Patterson-UTI Energy's change in receivables for the quarter that ended in Mar. 2024 was $95 Mil. It means Patterson-UTI Energy's Accounts Receivable declined by $95 Mil from Dec. 2023 to Mar. 2024 .

Patterson-UTI Energy's change in receivables for the fiscal year that ended in Dec. 2023 was $85 Mil. It means Patterson-UTI Energy's Accounts Receivable declined by $85 Mil from Dec. 2022 to Dec. 2023 .

Patterson-UTI Energy's Accounts Receivable for the quarter that ended in Mar. 2024 was $873 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. Patterson-UTI Energy's Days Sales Outstanding for the three months ended in Mar. 2024 was 52.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Patterson-UTI Energy's liquidation value for the three months ended in Mar. 2024 was $-1,558 Mil.

Patterson-UTI Energy Change In Receivables Historical Data

The historical data trend for Patterson-UTI 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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Patterson-UTI Energy Change In Receivables Chart

Patterson-UTI Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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213.59

173.86

-147.36

-209.23

84.54

Patterson-UTI Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															72.48	1.99	-29.26	39.34	95.12

Patterson-UTI 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $107 Mil.

Patterson-UTI Energy (NAS:PTEN) 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.

Patterson-UTI Energy's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	872.773	/	1510.36	*	91
=	52.73

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

Patterson-UTI Energy'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)
=	170.247	-	2474.331	+	0.75 * 872.773	+	0.5 * 183.178
=	-1,558

Patterson-UTI Energy Change In Receivables Related Terms

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Patterson-UTI Energy (Patterson-UTI Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Patterson-UTI Energy Inc (NAS:PTEN) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064

Website

https://www.patenergy.com

Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.

Executives

Tiffany Thom Cepak	director	C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Charles Andrew Smith	officer: EVP & Chief Financial Officer	13627 COMELY LANE, HOUSTON TX 77079
Seth David Wexler	officer: GENERAL COUNSEL AND SECRETARY	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
James Carl Stewart	director	1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
James Michael Holcomb	officer: President-Drilling Subsidiary	450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
Amy H Nelson	director	2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Drummond Robert Wayne Jr	director	1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Leslie Ann Beyer	director	C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Gary M. Halverson	director	1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Matthew Gillard	officer: President-Completions	3990 ROGERDALE RD., HOUSTON TX 77042
Blackstone Management Associates Vii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bep Diamond Aggregator L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Ema Ii L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154