Comstock Resources (STU:CX91) Change In Receivables : €112 Mil (TTM As of Mar. 2024)

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What is Comstock Resources Change In Receivables?

Comstock Resources's change in receivables for the quarter that ended in Mar. 2024 was €91 Mil. It means Comstock Resources's Accounts Receivable declined by €91 Mil from Dec. 2023 to Mar. 2024 .

Comstock Resources's change in receivables for the fiscal year that ended in Dec. 2023 was €256 Mil. It means Comstock Resources's Accounts Receivable declined by €256 Mil from Dec. 2022 to Dec. 2023 .

Comstock Resources's Accounts Receivable for the quarter that ended in Mar. 2024 was €121 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. Comstock Resources's Days Sales Outstanding for the three months ended in Mar. 2024 was 35.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Comstock Resources's liquidation value for the three months ended in Mar. 2024 was €-3,435 Mil.

Comstock Resources Change In Receivables Historical Data

The historical data trend for Comstock Resources'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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Comstock Resources Change In Receivables Chart

Comstock Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.90

28.40

-107.93

-228.82

255.57

Comstock Resources 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															239.10	55.58	-19.57	-15.25	91.47

Comstock Resources 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 €112 Mil.

Comstock Resources (STU:CX91) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	121.451	/	308.91	*	91
=	35.88

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

Comstock Resources'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)
=	5.906	-	3531.567	+	0.75 * 121.451	+	0.5 * 0
=	-3,435

Comstock Resources Change In Receivables Related Terms

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Comstock Resources (STU:CX91) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Comstock Resources Inc (STU:CX91) » Definitions » Change In Receivables

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Traded in Other Exchanges

CRK:USA CX91:Germany

Address

5300 Town and Country Boulevard, Suite 500, Comstock Tower, Frisco, TX, USA, 75034

Website

https://www.comstockresources.com

Comstock Resources Inc is an independent energy company operating in the Haynesville shale, a natural gas basin located in East Texas and North Louisiana with superior economics and geographical proximity to the Gulf Coast markets. It is engaged in the acquisition, development, production, and exploration of oil and natural gas. Its oil and gas operations are concentrated in Louisiana, Texas and North Dakota.

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