Daybreak Oil & Gas (Daybreak Oil & Gas) Accounts Receivable : $0.49 Mil (As of Feb. 2023)

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What is Daybreak Oil & Gas Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Daybreak Oil & Gas's accounts receivables for the quarter that ended in Feb. 2023 was $0.49 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Daybreak Oil & Gas's Days Sales Outstanding for the quarter that ended in Feb. 2023 was 123.28.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Daybreak Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was $-0.01.

Daybreak Oil & Gas Accounts Receivable Historical Data

The historical data trend for Daybreak Oil & Gas'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.

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Daybreak Oil & Gas Accounts Receivable Chart

Daybreak Oil & Gas Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Receivable

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0.13

0.10

0.19

0.20

0.49

Daybreak Oil & Gas Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Accounts Receivable	Get a 7-Day Free Trial															0.20	0.17	0.53	0.58	0.49

Daybreak Oil & Gas Accounts Receivable Calculation

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

Daybreak Oil & Gas 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.

Daybreak Oil & Gas's Days Sales Outstanding for the quarter that ended in Feb. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.485	/	0.359	*	91
=	123.28

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

Daybreak Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Feb. 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)
=	(0.299	+	0.75 * 0.485	+	0.5 * 0	-	4.505
-	0	-	0)	/	384.735
=	-0.01

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.

Daybreak Oil & Gas Accounts Receivable Related Terms

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Daybreak Oil & Gas (Daybreak Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Daybreak Oil & Gas Inc (OTCPK:DBRM) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 North Argonne Road, Suite A 211, Spokane Valley, WA, USA, 99212

Website

https://www.daybreakoilandgas.com

Daybreak Oil & Gas Inc is a United States-based independent oil and natural gas company engaged in the exploration, development, and production of crude oil and natural gas. It is developing its shallow oil reserves, where it owns a 3-D seismic survey under lease in Kern County, California, and Michigan. The company's operational projects include the East Slopes Project and the Michigan Basin Project.

Executives

Gaelic Resources Ltd	10 percent owner	14 ALBERT STREET, DOUGLAS Y8 IM1 2QA
Darren Williams	director	9200 OAKDALE AVENUE, SUITE 900, LOS ANGELES CA 91311
James F Westmoreland	director, 10 percent owner, officer: President & CEO	1101 N. ARGONNE ROAD, SUITE A 211, SPOKANE VALLEY WA 99212
James F. Meara	director	C/O 601 W. MAIN AVENUE, SUITE 1012, SPOKANE WA 99201
Timothy R Lindsey	director	1101 N. ARGONNE ROAD, SUITE A211, SPOKANE VALLEY WA 99212
Maximilian Investors Llc	10 percent owner	152 WEST 57TH STREET, 54TH FLOOR, NEW YORK NY 10019
Wayne G Dotson	director	601 W. MAIN AVE., SUITE 1012, SPOKANE WA 99201
Karol Lynn Adams	officer: Corporate Secretary	DAYBREAK OIL AND GAS, INC., 601 WEST MAIN AVE., SUITE 1012, SPOKANE WA 99201
Anna Moe	other: Spouse of director	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Keith Hooper	10 percent owner	1529 WEST ADAMS STREET, CHICAGO IL 60607
Benjamin Wade Anderson	officer: Chief Operating Officer	1023 E 760 S, OREM UT 84097
Eric Moe	officer: Chief Executive Officer	8305 NORTH COLTON PLACE, SPOKANE WA 99208
Robert N Martin	director, officer: President	621 B 37 STREET SW, CALGARY A0 T3C 1R8
Jeffrey Robert Dworkin	director, officer: Secretary	320 1001 13 AVENUE SW, CALGARY A0 T2R 0L5
Curtis Michael Charles Peter	director	161 DES CEDRES, ST. EUSTACHE A8 J6R 4V7

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