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Novolipetsk Steel PJSC (MIC:NLMK) Accounts Receivable : ₽107,945 Mil (As of Dec. 2021)


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What is Novolipetsk Steel PJSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Novolipetsk Steel PJSC's accounts receivables for the quarter that ended in Dec. 2021 was ₽107,945 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Novolipetsk Steel PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 28.77.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Novolipetsk Steel PJSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was ₽-34.36.


Novolipetsk Steel PJSC Accounts Receivable Historical Data

The historical data trend for Novolipetsk Steel 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.

* Premium members only.

Novolipetsk Steel PJSC Accounts Receivable Chart

Novolipetsk Steel PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56,014.54 74,943.86 49,576.88 61,108.04 107,945.10

Novolipetsk Steel PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 61,108.04 107,404.16 127,382.43 101,862.23 107,945.10

Novolipetsk Steel PJSC Accounts Receivable Calculation

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


Novolipetsk Steel 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.

Novolipetsk Steel PJSC's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=107945.097/342319.041*91
=28.77

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

Novolipetsk Steel PJSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=(40072.769+0.75 * 107945.097+0.5 * 195853.81-422834.253
-0-2070.18)/5993.23
=-34.36

* 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.


Novolipetsk Steel PJSC Accounts Receivable Related Terms

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Novolipetsk Steel PJSC (MIC:NLMK) Business Description

Traded in Other Exchanges
N/A
Address
2, Metallurgov Sq., Lipetsk, RUS, 398040
Novolipetsk Steel PJSC is a Russia-based steelmaker with production assets located in Russia, Europe, and the United States. The company's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and off shore wind turbines. The company operates through six segments, namely Mining, Russian flat products, Russian long products, NLMK USA, NLMK DanSteel and Plates Distribution Network, and Investments in NBH. Russian flat products for over half of the company's revenue. Russia, Europe, North America, and the Middle East are the four largest markets for the company.

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