Trillion Energy International (XCNQ:TCF) Change In Receivables : C$0.52 Mil (TTM As of Mar. 2024)

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What is Trillion Energy International Change In Receivables?

Trillion Energy International's change in receivables for the quarter that ended in Mar. 2024 was C$0.72 Mil. It means Trillion Energy International's Accounts Receivable declined by C$0.72 Mil from Dec. 2023 to Mar. 2024 .

Trillion Energy International's change in receivables for the fiscal year that ended in Dec. 2023 was C$1.94 Mil. It means Trillion Energy International's Accounts Receivable declined by C$1.94 Mil from Dec. 2022 to Dec. 2023 .

Trillion Energy International's Accounts Receivable for the quarter that ended in Mar. 2024 was C$1.02 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. Trillion Energy International's Days Sales Outstanding for the three months ended in Mar. 2024 was 51.92.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Trillion Energy International's liquidation value for the three months ended in Mar. 2024 was C$-49.35 Mil.

Trillion Energy International Change In Receivables Historical Data

The historical data trend for Trillion Energy International'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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Trillion Energy International Change In Receivables Chart

Trillion Energy International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.03

-0.30

-0.60

-5.38

1.94

Trillion Energy International Quarterly Data
	Dec17	Mar18	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															2.19	0.26	0.91	-1.37	0.72

Trillion Energy International 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$0.52 Mil.

Trillion Energy International (XCNQ:TCF) 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.

Trillion Energy International's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.018	/	1.789	*	91
=	51.92

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

Trillion Energy International'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)
=	0.59	-	50.703	+	0.75 * 1.018	+	0.5 * 0
=	-49.35

Trillion Energy International Change In Receivables Related Terms

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Trillion Energy International (XCNQ:TCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trillion Energy International Inc (XCNQ:TCF) » Definitions » Change In Receivables

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Traded in Other Exchanges

TRLEF:USA Z620:Germany

Address

838 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6C 0A6

Website

https://www.trillionenergy.com

Trillion Energy International Inc is an oil and gas-producing company with multiple assets throughout Turkey and Bulgaria. The company is 49% owner of the SASB natural gas field, one of the Black Sea's first natural gas development projects; a 19.6% (except three wells with 9.8%) ownership interest in the Cendere oil field; and Bulgaria, the Vranino 1-11 block, a prospective unconventional natural gas property. The company has three operating segments; North America, Turkey, and Bulgaria. It derives a majority of its revenue from Turkey.

Executives

Sean Stofer

Director