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Doric Nimrod Air Three (LSE:DNA3) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is Doric Nimrod Air Three Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Doric Nimrod Air Three's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Doric Nimrod Air Three's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Doric Nimrod Air Three's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.43.


Doric Nimrod Air Three Accounts Receivable Historical Data

The historical data trend for Doric Nimrod Air Three'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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Doric Nimrod Air Three Accounts Receivable Chart

Doric Nimrod Air Three Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
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Doric Nimrod Air Three Semi-Annual Data
Sep15 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Doric Nimrod Air Three Accounts Receivable Calculation

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


Doric Nimrod Air Three 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.

Doric Nimrod Air Three's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/38.095*91
=0.00

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

Doric Nimrod Air Three's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(13.903+0.75 * 0+0.5 * 0-108.849
-0-0)/220
=-0.43

* 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.


Doric Nimrod Air Three Accounts Receivable Related Terms

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Doric Nimrod Air Three (LSE:DNA3) Business Description

Traded in Other Exchanges
N/A
Address
Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 4EU
Doric Nimrod Air Three Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The Company is engaged in a single segment of business, being acquiring, leasing and then selling of the Aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.

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