Aker Horizons ASA (OSL:AKH) Accounts Receivable : kr623 Mil (As of Dec. 2023)

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What is Aker Horizons ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Aker Horizons ASA's accounts receivables for the quarter that ended in Dec. 2023 was kr623 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Aker Horizons ASA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 57.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Aker Horizons ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-26.83.

Aker Horizons ASA Accounts Receivable Historical Data

The historical data trend for Aker Horizons ASA'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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Aker Horizons ASA Accounts Receivable Chart

Aker Horizons ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

4.00

8.00

534.00

517.00

623.00

Aker Horizons ASA Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			534.00	1,369.00	517.00	1,755.00	623.00

Aker Horizons ASA Accounts Receivable Calculation

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

Aker Horizons ASA 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.

Aker Horizons ASA's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	623	/	1986	*	91
=	57.25

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

Aker Horizons ASA'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)
=	(5499	+	0.75 * 623	+	0.5 * 836	-	21045
-	0	-	3859)	/	690.349
=	-26.83

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.

Aker Horizons ASA Accounts Receivable Related Terms

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Aker Horizons ASA (OSL:AKH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aker Horizons ASA (OSL:AKH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AKHo_NO:Sweden 7QF:Germany

Address

Oksenoyveien 8, Lysaker, NOR, NO-1366

Website

https://www.akerhorizons.com

Aker Horizons ASA is an investment management company. It invests in and develops companies within renewable energy sectors and other technologies that make material contributions to reducing emissions or promoting sustainable living. The company's reportable segments are Aker Carbon Capture (ACC), Asset Development (AAD), Mainstream Renewable Power (Mainstream), Aker Horizons and holdings, and Others.

Aker Horizons ASA (OSL:AKH) Headlines

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