Beerenberg AS (OSL:BBERG) Accounts Receivable : kr284 Mil (As of Dec. 2023)

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What is Beerenberg AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beerenberg AS's accounts receivables for the quarter that ended in Dec. 2023 was kr284 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beerenberg AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 43.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beerenberg AS's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-24.44.

Beerenberg AS Accounts Receivable Historical Data

The historical data trend for Beerenberg AS'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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Beerenberg AS Accounts Receivable Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

249.61

306.39

261.68

283.86

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			306.39	-	261.68	245.80	283.86

Beerenberg AS Accounts Receivable Calculation

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

Beerenberg AS 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.

Beerenberg AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	283.862	/	1193.043	*	91
=	43.42

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

Beerenberg AS'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)
=	(164.702	+	0.75 * 283.862	+	0.5 * 89.121	-	1022.69
-	0	-	0)	/	24.57
=	-24.44

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.

Beerenberg AS Accounts Receivable Related Terms

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Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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