Koil Energy Solutions (Koil Energy Solutions) Change In Receivables : $-0.93 Mil (TTM As of Mar. 2024)

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What is Koil Energy Solutions Change In Receivables?

Koil Energy Solutions's change in receivables for the quarter that ended in Mar. 2024 was $-1.20 Mil. It means Koil Energy Solutions's Accounts Receivable increased by $1.20 Mil from Dec. 2023 to Mar. 2024 .

Koil Energy Solutions's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.18 Mil. It means Koil Energy Solutions's Accounts Receivable increased by $1.18 Mil from Dec. 2022 to Dec. 2023 .

Koil Energy Solutions's Accounts Receivable for the quarter that ended in Mar. 2024 was $3.88 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. Koil Energy Solutions's Days Sales Outstanding for the three months ended in Mar. 2024 was 61.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Koil Energy Solutions's liquidation value for the three months ended in Mar. 2024 was $-6.72 Mil.

Koil Energy Solutions Change In Receivables Historical Data

The historical data trend for Koil Energy Solutions'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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Koil Energy Solutions Change In Receivables Chart

Koil Energy Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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1.03

0.19

-2.53

3.09

-1.18

Koil Energy Solutions 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															-1.45	0.94	-1.94	1.28	-1.20

Koil Energy Solutions 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 $-0.93 Mil.

Koil Energy Solutions (OTCPK:KLNG) 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.

Koil Energy Solutions's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.88	/	5.791	*	91
=	61.14

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

Koil Energy Solutions'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)
=	1.978	-	11.871	+	0.75 * 3.88	+	0.5 * 0.525
=	-6.72

Koil Energy Solutions Change In Receivables Related Terms

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Koil Energy Solutions (Koil Energy Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Koil Energy Solutions Inc (OTCPK:KLNG) » Definitions » Change In Receivables

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Address

1310 Rankin Road, Houston, TX, USA, 77073

Website

https://www.koilenergy.com

Koil Energy Solutions Inc is an energy services company that provides equipment and support services to the world's energy and offshore industries. Its core services and technological solutions include distribution system installation support and engineering services, umbilical terminations, loose-tube steel flying leads, and related services. Additionally, its team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects. Its products include Buoyancy Solutions, Flying Leads, Storage, and Transportation, Subsea Fluid and Power Distribution, and Umbilical Termination Solutions.

Executives

Trevor L Ashurst	officer: Vice President of Finance	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Ronald Eric Smith	director, 10 percent owner, officer: President, CEO and Director	3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Micah Thomas Simmons	officer: Chief Operating Officer	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Neal I Goldman	director	170 SOUTHPORT DRIVE, MORRISVILLE NC 27560
David J. Douglas	director, 10 percent owner	3889 MAPLE AVE., 6TH FLOOR, DALLAS TX 75219
Charles K Njuguna	officer: CHIEF FINANCIAL OFFICER	PO BOX 1389, CROSBY TX 77532
Eugene L Butler	director, officer: Chief Financial Officer	PO BOX 12818, HOUSTON TX 77217
Wellington Trust Company, National Association Multiple Common Trust Funds Trust, Micro Cap Equity Portfolio	10 percent owner	C/O WELLINGTON TRUST COMPANY, NA, 280 CONGRESS STREET, BOSTON MA 02210
Mary Lynne Budrunas	director, 10 percent owner, officer: Secretary & Director	3020 SOUTH ISLAND DRIVE, SEABROOK TX 77586
Mark Carden	director	18511 BEAUMONT HIGHWAY, HOUSTON TX 77049
Randolph W Warner	director	8827 W. SAM HOUSTON PKWY N, #100, HOUSTON TX 77040
Perlus Microcap Fund L.p.	10 percent owner	CRICKET SQUARE, HUTCHINS DRIVE, P.O. BOX 268, GRAND CAYMAN E9 KY1-1111
Ira Selya	officer: Corporate Controller	8827 W SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040
Gay Stanley Mayeux	officer: VP and CFO	8827 W. SAM HOUSTON PKWY N., STE 100, HOUSTON TX 77040
Mark R Hollinger	director	8827 W. SAM HOUSTON PKWY N, STE 100, HOUSTON TX 77040