CoJax Oil & Gas (CoJax Oil & Gas) Change In Receivables : $0.04 Mil (TTM As of Mar. 2024)

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What is CoJax Oil & Gas Change In Receivables?

CoJax Oil & Gas's change in receivables for the quarter that ended in Mar. 2024 was $0.03 Mil. It means CoJax Oil & Gas's Accounts Receivable declined by $0.03 Mil from Dec. 2023 to Mar. 2024 .

CoJax Oil & Gas's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.15 Mil. It means CoJax Oil & Gas's Accounts Receivable increased by $0.15 Mil from Dec. 2022 to Dec. 2023 .

CoJax Oil & Gas's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.18 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. CoJax Oil & Gas's Days Sales Outstanding for the three months ended in Mar. 2024 was 88.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CoJax Oil & Gas's liquidation value for the three months ended in Mar. 2024 was $-1.21 Mil.

CoJax Oil & Gas Change In Receivables Historical Data

The historical data trend for CoJax Oil & Gas'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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CoJax Oil & Gas Change In Receivables Chart

CoJax Oil & Gas Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.05

-0.15

CoJax Oil & Gas Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.17	0.04	-0.22	0.20	0.03

CoJax Oil & Gas 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.04 Mil.

CoJax Oil & Gas (OTCPK:CJAX) 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.

CoJax Oil & Gas's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.177	/	0.182	*	91
=	88.74

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

CoJax Oil & Gas's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.069	-	1.415	+	0.75 * 0.177	+	0.5 * 0
=	-1.21

CoJax Oil & Gas Change In Receivables Related Terms

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CoJax Oil & Gas (CoJax Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CoJax Oil & Gas Corp (OTCPK:CJAX) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

3033 Wilson Boulevard, Suite E-605, Arlington, VA, USA, 22201

Website

https://www.cojaxoilandgas.com

CoJax Oil & Gas Corp is an oil and gas exploration and production company, with producing assets in Southwest Alabama. It is engaged in the acquisition and development of lower risk onshore oil and gas producing properties within the Southeastern United States.

Executives

Allan Bradley	director	539 JARVIS STREET, SUITE M2, TORONTO Z4 M4Y 2H7
Jeffrey J Guzy	director, 10 percent owner, officer: Chief Executive Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
William Barrett Wellman	10 percent owner, officer: Chief Financial Officer	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Roger Allums Mcleod	10 percent owner	1050 WOODLAND HILLS DRIVE, LAUREL MS 39440
Rosswood Capital, Llc	10 percent owner	1310 HOMEWOOD DRIVE, LAUREL MS 39440
Peter Biglane	10 percent owner	1310 HOMEWOOD DR., LAUREL MS 39440
Cojax Oil & Gas Corp	director, 10 percent owner, officer: Executive Chairman	3033 WILSON BLVD, SUITE E-605, ARLINGTON VA 22201

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