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KNOT Offshore Partners LP (KNOT Offshore Partners LP) Accounts Receivable : $4.9 Mil (As of Dec. 2023)


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What is KNOT Offshore Partners LP Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. KNOT Offshore Partners LP's accounts receivables for the quarter that ended in Dec. 2023 was $4.9 Mil.

Accounts receivable can be measured by Days Sales Outstanding. KNOT Offshore Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 6.10.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. KNOT Offshore Partners LP's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-26.32.


KNOT Offshore Partners LP Accounts Receivable Historical Data

The historical data trend for KNOT Offshore Partners LP'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.

* Premium members only.

KNOT Offshore Partners LP Accounts Receivable Chart

KNOT Offshore Partners LP Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 9.07 4.88

KNOT Offshore Partners LP Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.07 - 3.15 - 4.88

KNOT Offshore Partners LP Accounts Receivable Calculation

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


KNOT Offshore Partners LP 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.

KNOT Offshore Partners LP's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.882/73.029*91
=6.10

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

KNOT Offshore Partners LP's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(63.921+0.75 * 4.882+0.5 * 3.696-989.013
-0-0)/34.9378
=-26.32

* 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.


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.


KNOT Offshore Partners LP Accounts Receivable Related Terms

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KNOT Offshore Partners LP (KNOT Offshore Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
2 Queens Cross, Aberdeenshire, Aberdeen, GBR, AB15 4YB
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.