Superior Drilling Products (STU:SDW) Change In Receivables : €1.51 Mil (TTM As of Mar. 2024)

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What is Superior Drilling Products Change In Receivables?

Superior Drilling Products's change in receivables for the quarter that ended in Mar. 2024 was €0.29 Mil. It means Superior Drilling Products's Accounts Receivable declined by €0.29 Mil from Dec. 2023 to Mar. 2024 .

Superior Drilling Products's change in receivables for the fiscal year that ended in Dec. 2023 was €0.52 Mil. It means Superior Drilling Products's Accounts Receivable declined by €0.52 Mil from Dec. 2022 to Dec. 2023 .

Superior Drilling Products's Accounts Receivable for the quarter that ended in Mar. 2024 was €2.17 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. Superior Drilling Products's Days Sales Outstanding for the three months ended in Mar. 2024 was 43.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Superior Drilling Products's liquidation value for the three months ended in Mar. 2024 was €-5.32 Mil.

Superior Drilling Products Change In Receivables Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products Change In Receivables Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.42

2.06

-1.35

-0.35

0.52

Superior Drilling Products 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															-0.67	-0.67	2.11	-0.21	0.29

Superior Drilling Products 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 €1.51 Mil.

Superior Drilling Products (STU:SDW) 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.

Superior Drilling Products's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.168	/	4.55	*	91
=	43.48

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

Superior Drilling Products'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)
=	1.803	-	9.987	+	0.75 * 2.168	+	0.5 * 2.48
=	-5.32

Superior Drilling Products Change In Receivables Related Terms

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Superior Drilling Products (STU:SDW) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (STU:SDW) » Definitions » Change In Receivables

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SDPI:USA

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

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