Victory Oilfield Tech (Victory Oilfield Tech) Accounts Receivable : $0.00 Mil (As of Dec. 2023)

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What is Victory Oilfield Tech Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Victory Oilfield Tech's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Victory Oilfield Tech's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.20.

Victory Oilfield Tech Accounts Receivable Historical Data

The historical data trend for Victory Oilfield Tech'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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Victory Oilfield Tech Accounts Receivable Chart

Victory Oilfield Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.51

0.15

0.16

Victory Oilfield Tech Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															0.16	0.20	0.25	0.22	-

Victory Oilfield Tech Accounts Receivable Calculation

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

Victory Oilfield Tech 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.

Victory Oilfield Tech's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	-1.204	*	91
=

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

Victory Oilfield Tech's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(0.066	+	0.75 * 0	+	0.5 * 0	-	5.725
-	0	-	0)	/	28.5916
=	-0.20

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.

Victory Oilfield Tech Accounts Receivable Related Terms

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Victory Oilfield Tech (Victory Oilfield Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Victory Oilfield Tech Inc (OTCPK:VYEY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746

Website

https://www.vyey.com

Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.

Executives

Armacor Victory Ventures Llc	10 percent owner	26497 RANCHO PARKWAY SOUTH, DANA POINT CA 92630
Eric Eilersten	director	C/O VICTORY ENERGY CORPORATION, 3355 BEE CAVES ROAD, SUITE 608, AUSTIN TX 78746
Kevin Deleon	director
Ricardo A Salas	director
Visionary Private Equity Group I, Lp	10 percent owner	1325 W SUNSHINE #162, SPRINGFIELD MO 65807
Michael Cosby	10 percent owner	901 E. ST. LOUIS STREET, STE 1800, SPRINGFIELD MO 65806
Visionary Pe Gp I, Llc	10 percent owner	1325 W. SUNSHINE ST., NO. 162, SPRINGFIELD MO 65807
Smith Fred James Jr	officer: Chief Financial Officer	3355 BEE CAVES RD, SUITE 608, AUSTIN TX 78746
Mark Wendell Biggers	officer: CHIEF FINANCIAL OFFICER	3355 BBEE CAVES RD, SUITE 608, AUSTIN TX 78746
Kenneth E Hill	director, officer: CHIEF OPERATIONS OFFICER	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH X1 92660
Lindsey Stanley L Jr	officer: VP EXPLORATION & DEVELOPMENT	20341 IRVINE AVENUE, #D-6, IRVINE CA 92660
Ronald Zamber	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert W Grenley	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660
Robert Miranda	officer: Chief Executive Officer	2801 W. COAST HIGHWAY, SUITE 370, NEWPORT BEACH CA 92663
Edgar Trotter	director	20341 IRVINE AVENUE, #D-6, NEWPORT BEACH CA 92660