Energy Services of America (Energy Services of America) Change In Receivables : $-29.8 Mil (TTM As of Mar. 2024)

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What is Energy Services of America Change In Receivables?

Energy Services of America's change in receivables for the quarter that ended in Mar. 2024 was $4.0 Mil. It means Energy Services of America's Accounts Receivable declined by $4.0 Mil from Dec. 2023 to Mar. 2024 .

Energy Services of America's change in receivables for the fiscal year that ended in Sep. 2023 was $-16.2 Mil. It means Energy Services of America's Accounts Receivable increased by $16.2 Mil from Sep. 2022 to Sep. 2023 .

Energy Services of America's Accounts Receivable for the quarter that ended in Mar. 2024 was $56.4 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. Energy Services of America's Days Sales Outstanding for the three months ended in Mar. 2024 was 72.38.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Energy Services of America's liquidation value for the three months ended in Mar. 2024 was $-47.1 Mil.

Energy Services of America Change In Receivables Historical Data

The historical data trend for Energy Services of America'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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Energy Services of America Change In Receivables Chart

Energy Services of America Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.88

4.58

-4.00

-27.81

-16.21

Energy Services of America 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															12.53	-25.75	-7.32	-0.64	3.96

Energy Services of America 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 $-29.8 Mil.

Energy Services of America (NAS:ESOA) 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.

Energy Services of America's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	56.423	/	71.128	*	91
=	72.38

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

Energy Services of America'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)
=	12.091	-	101.553	+	0.75 * 56.423	+	0.5 * 0
=	-47.1

Energy Services of America Change In Receivables Related Terms

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Energy Services of America (Energy Services of America) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Energy Services of America Corp (NAS:ESOA) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

75 West 3rd Avenue, Huntington, WV, USA, 25701

Website

https://www.energyservicesofamerica.com

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is predominantly engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical, and automotive industries and does incidental work such as water and sewer projects. Energy Service's other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services, and other services related to pipeline construction.

Executives

Frank S Lucente	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Douglas V Reynolds	10 percent owner	900 OLD FREEPORT ROAD, PITTSBURGH PA 15238
Patrick J Farrell	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Marshall T Reynolds	director, 10 percent owner, officer: Chairman, CEO and Secretary	2450 FIRST AVENUE, HUNTINGTON WV 25704
Mark Prince	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Joseph L Williams	director	2450 FIRST AVENUE, HUNTINGTON WV 25703
Brian Pratt	10 percent owner	5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225
Amy E Abraham	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Riddle Robert Neil Jr	officer: Chief Operating Officer	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Samuel G Kapourales	director	C/O ENERGY SERVICES OF AMERICA CORP., 75 WEST 3RD AVE., HUNTINGTON WV 25701
Bruce H. Elliott	director	100 INDUSTRIAL LANE, HUNTINGTON WV 25702
Daniel Mannes	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Keith F Molihan	director	533 TOWNSHIP RAOD 1185, IRONTON OH 45638
Charles Abraham	director	75 WEST 3RD AVENUE, HUNTINGTON WV 25701
Nester S Logan	director	823 EIGHTH STREET, HUNTINGTON WV 25701