Secure Energy Services (TSX:SES) Change In Receivables : C$0 Mil (TTM As of Mar. 2024)

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What is Secure Energy Services Change In Receivables?

Secure Energy Services's change in receivables for the quarter that ended in Mar. 2024 was C$0 Mil. It means Secure Energy Services's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Secure Energy Services's change in receivables for the fiscal year that ended in Dec. 2023 was C$0 Mil. It means Secure Energy Services's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Secure Energy Services's Accounts Receivable for the quarter that ended in Mar. 2024 was C$509 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. Secure Energy Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 16.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Secure Energy Services's liquidation value for the three months ended in Mar. 2024 was C$-400 Mil.

Secure Energy Services Change In Receivables Historical Data

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

Secure Energy Services Annual Data

Trend

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Change In Receivables

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Secure Energy Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Secure Energy Services 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 C$0 Mil.

Secure Energy Services (TSX:SES) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	509	/	2849	*	91
=	16.30

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

Secure Energy Services'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)
=	264	-	1177	+	0.75 * 509	+	0.5 * 263
=	-400

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Secure Energy Services (TSX:SES) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Change In Receivables

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SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.

Executives

James Darryl Anderson

Senior Officer