Eurasia Drilling Co (LSE:EDCL) Change In Receivables : $67 Mil (TTM As of Jun. 2015)

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What is Eurasia Drilling Co Change In Receivables?

Eurasia Drilling Co's change in receivables for the quarter that ended in Jun. 2015 was $36 Mil. It means Eurasia Drilling Co's Accounts Receivable declined by $36 Mil from Dec. 2014 to Jun. 2015 .

Eurasia Drilling Co's change in receivables for the fiscal year that ended in Dec. 2014 was $-60 Mil. It means Eurasia Drilling Co's Accounts Receivable increased by $60 Mil from Dec. 2013 to Dec. 2014 .

Eurasia Drilling Co's Accounts Receivable for the quarter that ended in Jun. 2015 was $268 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. Eurasia Drilling Co's Days Sales Outstanding for the six months ended in Jun. 2015 was 52.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Eurasia Drilling Co's liquidation value for the six months ended in Jun. 2015 was $-892 Mil.

Eurasia Drilling Co Change In Receivables Historical Data

The historical data trend for Eurasia Drilling Co'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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Eurasia Drilling Co Change In Receivables Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Change In Receivables

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-37.88

-86.71

-97.58

-41.81

-59.89

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Change In Receivables	Get a 7-Day Free Trial								-58.83	17.02	-91.35	31.46	35.81

Eurasia Drilling Co 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 Jun. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $67 Mil.

Eurasia Drilling Co (LSE:EDCL) 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.

Eurasia Drilling Co's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	267.73	/	922.703	*	91
=	52.95

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

Eurasia Drilling Co's liquidation value for the quarter that ended in Jun. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	370.241	-	1542.539	+	0.75 * 267.73	+	0.5 * 159.808
=	-892

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Eurasia Drilling Co (LSE:EDCL) Business Description

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http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

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