Sitio Royalties (Sitio Royalties) Accounts Receivable : $113.6 Mil (As of Mar. 2024)

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What is Sitio Royalties Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sitio Royalties's accounts receivables for the quarter that ended in Mar. 2024 was $113.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sitio Royalties's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 68.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sitio Royalties's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-36.69.

Sitio Royalties Accounts Receivable Historical Data

The historical data trend for Sitio Royalties'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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Sitio Royalties Accounts Receivable Chart

Sitio Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

0.03

61.60

2.52

Sitio Royalties Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								40.15	15.93	1.06	2.52	113.58

Sitio Royalties Accounts Receivable Calculation

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

Sitio Royalties 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	113.575	/	151.391	*	91
=	68.46

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

Sitio Royalties'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)
=	(11.746	+	0.75 * 113.575	+	0.5 * 0	-	1151.998
-	0	-	1956.889)	/	82.0906
=	-36.69

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.

Sitio Royalties Accounts Receivable Related Terms

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Sitio Royalties (Sitio Royalties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sitio Royalties Corp (NYSE:STR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SB9:Germany

Address

1401 Lawrence Street, Suite 1750, Denver, CO, USA, 80202

Website

https://www.sitio.com

Sitio Royalties Corp is a pure-play mineral and royalty company. The group focuses on investing in mineral and royalty interests in the Permian and other productive U.S. oil basins.

Executives

Christopher L. Conoscenti	director, officer: Chief Executive Officer	1144 15TH STREET, SUITE 2650, DENVER CO 80202
Oaktree Holdings, Ltd.	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Capital Management Lp	director, 10 percent owner	333 S GRAND AVE 28TH FL, LOS ANGELES CA 90071
Ocm Fie, Llc	director, 10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Bx Royal Aggregator Lp	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Bcp Vi/bep Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Steven R Jones	director	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Claire Harvey	director	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022
Bcp Vii/bep Ii Holdings Manager L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Morris R Clark	director	CIVITAS RESOURCES, INC., 410 - 17TH STREET, SUITE 1400, DENVER CO 80202
Bam Partners Trust	director, 10 percent owner	181 BAY STREET, SUITE 300, TORONTO A6 M5J 2T3
Alice E Gould	director	C/O COREPOINT LODGING INC., 909 HIDDEN RIDGE, SUITE 600, IRVING TX 75038
Michael J Downs	officer: Chief Operating Officer	1845 WALNUT STREET, SUITE 1111, PHILADELPHIA PA 19103
Stephen J. Pilatzke	officer: Chief Accounting Officer	1845 WALNUT STREET, 10TH FLOOR, PHILADELPHIA PA 19103
Bryan Gunderson	director, officer: CEO and President	510 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10022