NOVATEK PJSC (FRA:N1O) Accounts Receivable : €2,660 Mil (As of Jun. 2023)

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What is NOVATEK PJSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NOVATEK PJSC's accounts receivables for the quarter that ended in Jun. 2023 was €2,660 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NOVATEK PJSC's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 67.81.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NOVATEK PJSC's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-5.55.

NOVATEK PJSC Accounts Receivable Historical Data

The historical data trend for NOVATEK PJSC's Accounts Receivable 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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NOVATEK PJSC Accounts Receivable Chart

NOVATEK PJSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec23

Accounts Receivable

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611.28

704.93

706.74

1,251.77

2,194.99

NOVATEK PJSC Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															668.06	799.84	1,251.77	2,660.14	2,194.99

NOVATEK PJSC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

NOVATEK PJSC Accounts Receivable 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 receivables are being managed.

NOVATEK PJSC's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2660.14	/	3579.751	*	91
=	67.81

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), NOVATEK PJSC's accounts receivable are only considered to be worth 75% of book value:

NOVATEK PJSC's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1988.557	+	0.75 * 2660.14	+	0.5 * 346.402	-	5599.822
-	0	-	218.22)	/	299.561
=	-5.55

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

NOVATEK PJSC Accounts Receivable Related Terms

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NOVATEK PJSC (FRA:N1O) Business Description

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NVTK:Russia

Address

2, Udaltsova Street, Moscow, RUS, 119415

Website

https://www.novatek.ru

NOVATEK PJSC, or simply Novatek, is a Russian-based exploration and production company that acquires, explores for, produces, processes, and markets oil and gas. While the company is mostly focused on natural gas production, it also has exposure to oil. Its exploration and production take place in a variety of fields in central Russia. The natural gas is then processed and sold. Novatek also sells liquid hydrocarbons such as petroleum products, light hydrocarbons, LPG, and crude oil. The majority of its natural gas is sold in Russia, while the liquid hydrocarbons are sold in Russia and internationally, including China, Europe, and the United States.

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