Empire Energy Group (ASX:EEG) Accounts Receivable : A$1.41 Mil (As of Dec. 2023)

View and export this data going back to 1984. Start your Free Trial

What is Empire Energy Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Empire Energy Group's accounts receivables for the quarter that ended in Dec. 2023 was A$1.41 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Empire Energy Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 90.16.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Empire Energy Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.06.

Empire Energy Group Accounts Receivable Historical Data

The historical data trend for Empire Energy Group's Accounts Receivable 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.

* Premium members only.

Empire Energy Group Accounts Receivable Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

2.53

1.93

3.08

2.97

1.41

Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															3.08	5.20	2.97	1.32	1.41

Empire Energy Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Empire Energy Group Accounts Receivable 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 receivables are being managed.

Empire Energy Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.409	/	2.852	*	91
=	90.16

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Empire Energy Group's accounts receivable are only considered to be worth 75% of book value:

Empire Energy Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(13.627	+	0.75 * 1.409	+	0.5 * 0.039	-	59.199
-	0	-	0)	/	773.121
=	-0.06

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Empire Energy Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Empire Energy Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Empire Energy Group (ASX:EEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (ASX:EEG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

EEGUF:USA

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

Empire Energy Group (ASX:EEG) Headlines

No Headlines