Brooge Energy (Brooge Energy) Change In Receivables : $-12.8 Mil (TTM As of Jun. 2023)

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What is Brooge Energy Change In Receivables?

Brooge Energy's change in receivables for the quarter that ended in Jun. 2023 was $-17.3 Mil. It means Brooge Energy's Accounts Receivable increased by $17.3 Mil from Dec. 2022 to Jun. 2023 .

Brooge Energy's change in receivables for the fiscal year that ended in Dec. 2022 was $-1.1 Mil. It means Brooge Energy's Accounts Receivable increased by $1.1 Mil from Dec. 2021 to Dec. 2022 .

Brooge Energy's Accounts Receivable for the quarter that ended in Jun. 2023 was $17.3 Mil.

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 Receivable are being managed. Brooge Energy's Days Sales Outstanding for the six months ended in Jun. 2023 was 50.19.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Brooge Energy's liquidation value for the six months ended in Jun. 2023 was $-347.4 Mil.

Brooge Energy Change In Receivables Historical Data

The historical data trend for Brooge Energy's Change In Receivables 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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Brooge Energy Change In Receivables Chart

Brooge Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-2.12

-0.23

1.66

-4.51

-1.10

Brooge Energy Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial						-4.05	-0.46	-5.64	4.55	-17.33

Brooge Energy Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-12.8 Mil.

Brooge Energy (NAS:BROG) Change In Receivables 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 Receivable are being managed.

Brooge Energy's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.3	/	62.912	*	91
=	50.19

2. In Ben Graham's calculation of liquidation value, Brooge Energy's accounts receivable are only considered to be worth 75% of book value:

Brooge Energy's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.702	-	364.224	+	0.75 * 17.3	+	0.5 * 0.34
=	-347.4

Brooge Energy Change In Receivables Related Terms

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Brooge Energy (Brooge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Brooge Energy Ltd (NAS:BROG) » Definitions » Change In Receivables

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Traded in Other Exchanges

3SF:Germany

Address

c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE

Website

https://www.broogeenergy.com

Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from the leasing of storage capacity of tanks and other ancillary services.