TGS ASA (OSL:TGS) Change In Receivables : kr756 Mil (TTM As of Dec. 2023)

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What is TGS ASA Change In Receivables?

TGS ASA's change in receivables for the quarter that ended in Dec. 2023 was kr1,115 Mil. It means TGS ASA's Accounts Receivable declined by kr1,115 Mil from Sep. 2023 to Dec. 2023 .

TGS ASA's change in receivables for the fiscal year that ended in Dec. 2023 was kr783 Mil. It means TGS ASA's Accounts Receivable declined by kr783 Mil from Dec. 2022 to Dec. 2023 .

TGS ASA's Accounts Receivable for the quarter that ended in Dec. 2023 was kr989 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. TGS ASA's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TGS ASA's liquidation value for the three months ended in Dec. 2023 was kr-4,315 Mil.

TGS ASA Change In Receivables Historical Data

The historical data trend for TGS ASA'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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TGS ASA Change In Receivables Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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84.88

543.08

1,323.45

-122.57

783.39

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-301.36	844.61	-1,021.85	-182.49	1,115.39

TGS ASA 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was kr756 Mil.

TGS ASA (OSL:TGS) 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.

TGS ASA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	988.605	/	1997.708	*	91
=	45.16

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

TGS ASA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2059.876	-	7182.432	+	0.75 * 988.605	+	0.5 * 132.553
=	-4,315

TGS ASA Change In Receivables Related Terms

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TGS ASA (OSL:TGS) Business Description

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TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.