Stock Analysis on Net

Occidental Petroleum Corp. (NYSE:OXY)

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.


Allowance for Doubtful Accounts Receivable

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Allowance for doubtful accounts 24 29 37 35 24
Trade receivables, gross 3,550 3,224 4,318 4,243 2,139
Financial Ratio
Allowance as a percentage of trade receivables, gross1 0.68% 0.90% 0.86% 0.82% 1.12%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Allowance as a percentage of trade receivables, gross = 100 × Allowance for doubtful accounts ÷ Trade receivables, gross
= 100 × 24 ÷ 3,550 = 0.68%

Financial ratio Description The company
Allowance as a percentage of trade receivables, gross Allowance for doubtful accounts divided by the gross accounts receivable. Occidental Petroleum Corp. allowance as a percentage of trade receivables, gross increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.