GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Koil Energy Solutions Inc (OTCPK:KLNG) » Definitions » Accounts Receivable

Koil Energy Solutions (Koil Energy Solutions) Accounts Receivable : $3.88 Mil (As of Mar. 2024)


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

What is Koil Energy Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Koil Energy Solutions's accounts receivables for the quarter that ended in Mar. 2024 was $3.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Koil Energy Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 61.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Koil Energy Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.55.


Koil Energy Solutions Accounts Receivable Historical Data

The historical data trend for Koil Energy Solutions'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.

Koil Energy Solutions Accounts Receivable Chart

Koil Energy Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 4.65 5.93 2.92 4.23

Koil Energy Solutions 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.30 3.66 5.50 4.23 3.88

Koil Energy Solutions Accounts Receivable Calculation

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


Koil Energy Solutions 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.88/5.791*91
=61.14

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

Koil Energy Solutions'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)
=(1.978+0.75 * 3.88+0.5 * 0.525-11.871
-0-0)/12.1882
=-0.55

* 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.


Koil Energy Solutions Accounts Receivable Related Terms

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


Koil Energy Solutions (Koil Energy Solutions) Business Description

Traded in Other Exchanges
N/A
Address
1310 Rankin Road, Houston, TX, USA, 77073
Koil Energy Solutions Inc is an energy services company that provides equipment and support services to the world's energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, its team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects. Its products include Buoyancy Solutions, Flying Leads, Storage, and Transportation, Subsea Fluid and Power Distribution, and Umbilical Termination Solutions.
Executives
Trevor L Ashurst officer: Vice President of Finance 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Ronald Eric Smith director, 10 percent owner, officer: President, CEO and Director 3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Micah Thomas Simmons officer: Chief Operating Officer 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Neal I Goldman director 170 SOUTHPORT DRIVE, MORRISVILLE NC 27560
David J. Douglas director, 10 percent owner 3889 MAPLE AVE., 6TH FLOOR, DALLAS TX 75219
Charles K Njuguna officer: CHIEF FINANCIAL OFFICER PO BOX 1389, CROSBY TX 77532
Eugene L Butler director, officer: Chief Financial Officer PO BOX 12818, HOUSTON TX 77217
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio 10 percent owner C/O WELLINGTON TRUST COMPANY, NA, 280 CONGRESS STREET, BOSTON MA 02210
Mary Lynne Budrunas director, 10 percent owner, officer: Secretary & Director 3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Mark Carden director 18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Randolph W Warner director 8827 W. SAM HOUSTON PKWY N, #100, HOUSTON TX 77040
Perlus Microcap Fund L.p. 10 percent owner CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Ira Selya officer: Corporate Controller 8827 W SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040
Gay Stanley Mayeux officer: VP and CFO 8827 W. SAM HOUSTON PKWY N., STE 100, HOUSTON TX 77040
Mark R Hollinger director 8827 W. SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040