Strathcona Resources (TSX:SCR) Accounts Receivable : C$360 Mil (As of Mar. 2024)

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What is Strathcona Resources Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Strathcona Resources's accounts receivables for the quarter that ended in Mar. 2024 was C$360 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Strathcona Resources's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 25.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Strathcona Resources's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-22.74.

Strathcona Resources Accounts Receivable Historical Data

The historical data trend for Strathcona 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.

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Strathcona Resources Accounts Receivable Chart

Strathcona Resources Annual Data

Trend

Dec22

Dec23

Accounts Receivable

299.10

334.60

Strathcona Resources Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial			299.10	-	43.42	334.60	360.10

Strathcona Resources Accounts Receivable Calculation

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

Strathcona Resources 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.

Strathcona 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
=	360.1	/	1300.8	*	91
=	25.26

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

Strathcona 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)
=	(0	+	0.75 * 360.1	+	0.5 * 57.2	-	5170.1
-	0	-	0)	/	214.236
=	-22.74

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.

Strathcona Resources Accounts Receivable Related Terms

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Strathcona Resources (TSX:SCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strathcona Resources Ltd (TSX:SCR) » Definitions » Accounts Receivable

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Traded in Other Exchanges

STHRF:USA YE2:Germany

Address

421 7th Avenue South west, 1900, Calgary, AB, CAN, T2P4K9

Website

https://www.strathconaresources.com

Strathcona Resources Ltd is an energy company, it is a consolidator and developer of oil and gas assets. The company focuses on thermal oil, enhanced oil recovery, and condensate-rich Montney.