Parex Resources (TSX:PXT) Change In Receivables : C$0 Mil (TTM As of Mar. 2024)

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What is Parex Resources Change In Receivables?

Parex Resources's change in receivables for the quarter that ended in Mar. 2024 was C$0 Mil. It means Parex Resources's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Parex Resources's change in receivables for the fiscal year that ended in Dec. 2023 was C$0 Mil. It means Parex Resources's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Parex Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was C$181 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. Parex Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 36.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parex Resources's liquidation value for the three months ended in Mar. 2024 was C$-294 Mil.

Parex Resources Change In Receivables Historical Data

The historical data trend for Parex 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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Parex Resources Change In Receivables Chart

Parex Resources Annual Data

Trend

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Change In Receivables

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Parex Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Parex 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 C$0 Mil.

Parex Resources (TSX:PXT) 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.

Parex 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
=	181.428	/	455.783	*	91
=	36.32

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

Parex 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)
=	82.64	-	518.844	+	0.75 * 181.428	+	0.5 * 11.726
=	-294

Parex Resources Change In Receivables Related Terms

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Parex Resources (TSX:PXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parex Resources Inc (TSX:PXT) » Definitions » Change In Receivables

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Traded in Other Exchanges

PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

Executives

Sigmund Cornelius

Director

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