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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. California Resources's accounts receivables for the quarter that ended in Mar. 2024 was $192 Mil.
Accounts receivable can be measured by Days Sales Outstanding. California Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 33.82.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. California Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-18.02.
The historical data trend for California Resources'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.
California Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 277.00 | 177.00 | 245.00 | 326.00 | 216.00 |
California Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 249.00 | 183.00 | 243.00 | 216.00 | 192.00 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
California 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 |
= | 192 | / | 518 | * | 91 |
= | 33.82 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), California Resources's accounts receivable are only considered to be worth 75% of book value:
California Resources's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (403 | + | 0.75 * 192 | + | 0.5 * 70 | - | 1817 |
- | 0 | - | 0) | / | 68.5307 | ||
= | -18.02 |
* 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.
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.
Thank you for viewing the detailed overview of California Resources's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Omar Hayat | officer: EVP - Operations | 1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831 |
Peralta Manuela Molina | officer: EVP and CFO | 1 WORLD TRADE CENTER, SUITE 1500, LONG BEACH CA 90831 |
William B Roby | director | 27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355 |
Goldentree Asset Management Lp | 10 percent owner | 300 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022 |
Ares Management Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Alejandra Veltmann | director | 1500 CITYWEST BLVD., SUITE 800, HOUSTON TX 77042 |
Neeman Brady Nicole Elana | director | 113 S. LA BREA BLVD., 3RD FLOOR, LOS ANGELES CA 90036 |
Christopher D. Gould | officer: EVP & Chief Sustainability Off | 27200 TOURNEY ROAD, SUITE 200, SANTA CLARITA CA 91355 |
Ssf Iv Energy I Aiv 2, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067 |
Assf Operating Manager Iv, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Af V Energy Iv Aiv 1a, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067 |
Af V Energy Iv Aiv 1b, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067 |
Af V Energy Iv Aiv 2, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067 |
Ssf Iv Energy I Aiv 1a, L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, C/O ARES MANAGEMENT, LOS ANGELES CA 90067 |
Acof Investment Management Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
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