Torchlight Energy Resources (Torchlight Energy Resources) Change In Receivables : $0.04 Mil (TTM As of Mar. 2021)

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What is Torchlight Energy Resources Change In Receivables?

Torchlight Energy Resources's change in receivables for the quarter that ended in Mar. 2021 was $0.01 Mil. It means Torchlight Energy Resources's Accounts Receivable declined by $0.01 Mil from Dec. 2020 to Mar. 2021 .

Torchlight Energy Resources's change in receivables for the fiscal year that ended in Dec. 2020 was $0.03 Mil. It means Torchlight Energy Resources's Accounts Receivable declined by $0.03 Mil from Dec. 2019 to Dec. 2020 .

Torchlight Energy Resources's Accounts Receivable for the quarter that ended in Mar. 2021 was $0.24 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. Torchlight Energy Resources's Days Sales Outstanding for the three months ended in Mar. 2021 was 10,858.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Torchlight Energy Resources's liquidation value for the three months ended in Mar. 2021 was $12.62 Mil.

Torchlight Energy Resources Change In Receivables Historical Data

The historical data trend for Torchlight Energy 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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Torchlight Energy Resources Change In Receivables Chart

Torchlight Energy Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Receivables

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0.33

-0.13

-0.16

0.14

0.03

Torchlight Energy Resources Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Change In Receivables	Get a 7-Day Free Trial															0.01	0.03	-0.08	0.08	0.01

Torchlight Energy 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.04 Mil.

Torchlight Energy Resources (NAS:TRCH) 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.

Torchlight Energy Resources's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.238	/	0.002	*	91
=	10,858.75

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

Torchlight Energy Resources's liquidation value for the quarter that ended in Mar. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.155	-	0.712	+	0.75 * 0.238	+	0.5 * 0
=	12.62

Torchlight Energy Resources Change In Receivables Related Terms

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Torchlight Energy Resources (Torchlight Energy Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Torchlight Energy Resources Inc (NAS:TRCH) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

5700 W. Plano Parkway, Suite 3600, Plano, TX, USA, 75093

Website

https://www.torchlightenergy.com

Torchlight Energy Resources Inc acquires, explores, exploits, and develops oil and natural gas properties in the United States. It is primarily focused on the acquisition of early-stage projects, the development and delineation of the projects, and then the monetization of those assets once these activities are completed. The firm's primary interests include the Orogrande Project in Hudspeth County, Texas and the Hazel Project in the Midland Basin.

Executives

Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Greg Mccabe	director, 10 percent owner	500 WEST TEXAS AVE., SUITE 890, MIDLAND TX 79701
Roger N Wurtele	officer: Chief Financial Officer	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
John A. Brda	director, officer: President and CEO	1425 FRONTENAY, WARSON WOODS MO 63122
Michael James Graves	director	5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Robert Lance Cook	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75903
Robert David Newton	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Mccabe Petroleum Corp	10 percent owner	P.O. BOX 11188, MIDLAND TX 79702
Ernest Scott Kimbrough	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Shockey Eunis Lorance Jr	director	10827 STONE CANYON ROAD, DALLAS TX 75230
Mcandrew Willard Greer Iii	other: Former Officer and Director	5700 WEST PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Jerry D Barney	10 percent owner	841 ANDREW RUN, CANYON LAKE TX 78133
Edward J Devereaux	director	1713 VILLA COURT, CORINTH TX 76210
G Mc Exploration, Llc	10 percent owner	400 PINE STREET, SUITE 700, ABILENE TX 79601
Robert Kenneth Dulin	10 percent owner	8449 GREENWOOD DRIVE, NIWOT CO 80503