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Edda Wind ASA (OSL:EWIND) Accounts Receivable : kr143.0 Mil (As of Mar. 2024)


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What is Edda Wind ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Edda Wind ASA's accounts receivables for the quarter that ended in Mar. 2024 was kr143.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Edda Wind ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 156.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Edda Wind ASA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-24.53.


Edda Wind ASA Accounts Receivable Historical Data

The historical data trend for Edda Wind 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.

* Premium members only.

Edda Wind ASA Accounts Receivable Chart

Edda Wind ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 32.52 32.02 36.28 41.09 122.52

Edda Wind ASA Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 62.01 62.50 114.85 122.52 142.95

Edda Wind ASA Accounts Receivable Calculation

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


Edda Wind 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.

Edda Wind ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=142.952/83.236*91
=156.72

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

Edda Wind ASA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(529.452+0.75 * 142.952+0.5 * 0-3392.215
-0-0)/112.314
=-24.53

* 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.


Edda Wind ASA Accounts Receivable Related Terms

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Edda Wind ASA (OSL:EWIND) Business Description

Traded in Other Exchanges
Address
Smedasundet 97, Haugesund, NOR, 5501
Edda Wind ASA is a Norway-based company that provides service operations to the global offshore wind industry. The company develops, builds, owns, and operates purpose-built Service Operation Vessels (SOVs) and Commissioning Service Operation Vessels (CSOVs) for offshore wind farms worldwide.

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