PGS ASA (OSL:PGS) Change In Receivables : kr176 Mil (TTM As of Mar. 2024)

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What is PGS ASA Change In Receivables?

PGS ASA's change in receivables for the quarter that ended in Mar. 2024 was kr85 Mil. It means PGS ASA's Accounts Receivable declined by kr85 Mil from Dec. 2023 to Mar. 2024 .

PGS ASA's change in receivables for the fiscal year that ended in Dec. 2023 was kr602 Mil. It means PGS ASA's Accounts Receivable declined by kr602 Mil from Dec. 2022 to Dec. 2023 .

PGS ASA's Accounts Receivable for the quarter that ended in Mar. 2024 was kr1,415 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. PGS ASA's Days Sales Outstanding for the three months ended in Mar. 2024 was 56.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PGS ASA's liquidation value for the three months ended in Mar. 2024 was kr-10,610 Mil.

PGS ASA Change In Receivables Historical Data

The historical data trend for PGS ASA'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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PGS ASA Change In Receivables Chart

PGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-574.83

1,111.03

-294.58

-1,232.05

602.37

PGS ASA 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															516.08	250.48	-30.03	-129.76	84.90

PGS ASA 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 kr176 Mil.

PGS ASA (OSL:PGS) 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.

PGS ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1414.593	/	2304.948	*	91
=	56.00

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

PGS ASA'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)
=	1562.101	-	13233.289	+	0.75 * 1414.593	+	0.5 * 0
=	-10,610

PGS ASA Change In Receivables Related Terms

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PGS ASA (OSL:PGS) Business Description

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PGEJF:USA PGSo:Sweden PGSo:UK 0MHR:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

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