Enservco (Enservco) Accounts Receivable : $4.25 Mil (As of Mar. 2024)

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What is Enservco Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enservco's accounts receivables for the quarter that ended in Mar. 2024 was $4.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Enservco's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enservco's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.33.

Enservco Accounts Receivable Historical Data

The historical data trend for Enservco'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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Enservco Accounts Receivable Chart

Enservco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.42

1.73

2.85

4.46

4.19

Enservco 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															4.22	1.31	1.36	4.19	4.25

Enservco Accounts Receivable Calculation

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

Enservco 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.

Enservco's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.248	/	9.792	*	91
=	39.59

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

Enservco'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)
=	(0.474	+	0.75 * 4.248	+	0.5 * 0.219	-	12.91
-	0	-	0)	/	27.3558
=	-0.33

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.

Enservco Accounts Receivable Related Terms

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Enservco (Enservco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enservco Corp (AMEX:ENSV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

A3O0:Germany

Address

14133 County Road 9 1/2, Longmont, CO, USA, 80504

Website

http://www.enservco.com

Enservco Corp operates in the oil and gas industry. It offers well enhancement and fluid management services to the domestic onshore oil and natural gas industry. The services include frac water heating, hot oiling, pressure testing, acidizing, bacteria and scale treatment, freshwater and saltwater hauling, fluid disposal, frac tank rental, well site construction, and other general oil field services. The company's reportable business segments are Production Services and Completion and Other Services. It operates in geographically diverse regions of the United States.

Executives

Steve A Weyel	director	1021 MAIN, SUITE 2626, HOUSTON TX 77002
Kevin Chesser	director	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Mark Patterson	officer: Chief Financial Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Donovan Kelly	officer: Principal Accounting Officer	14133 COUNTY ROAD 9 1/2, LONGMONT CO 80504
Marjorie Anne Hargrave	officer: Chief Financial Officer	999 18TH STREET, SUITE 1925N, DENVER CO 80202
Ian Dickinson	director, officer: President and CEO	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
William A Jolly	director	163 PINEWOOD TRAIL, TRUMBULL CT 06611
Kevin Kersting	officer: Chief Operating Officer	501 SOUTH CHERRY STREET, SUITE 1000, DENVER CO 80246
Dustin Riley Bradford	officer: Chief Accounting Officer	1837 S WASHINGTON ST, DENVER CO 80210
Cross River Capital Management Llc	10 percent owner	31 BAILEY AVENUE, UNIT D, RIDGEFIELD CT 06877
Tucker L Franciscus	officer: Chief Financial Officer	C/O PYR ENERGY CORP, 1675 BROADWAY - SUITE 2450, DENVER CO 80202
Austin Peitz	officer: V-P Field Operations	501 S. CHERRY STREET, SUITE 320, DENVER CO 80246
Christopher D. Haymons	director	210 UNIVERSITY BOULEVARD, SUITE 650, DENVER CO 80206
Rick D Kasch	officer: President & CFO	830 TENDERFOOT HILL ROAD, P.O. BOX 60460, COLORADO SPRINGS CO 80960
Steven P Oppenheim	director