SpareBank 1 SMN (FRA:SJI) Accounts Receivable : €0.0 Mil (As of Mar. 2024)

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What is SpareBank 1 SMN Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SpareBank 1 SMN's accounts receivables for the quarter that ended in Mar. 2024 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SpareBank 1 SMN's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. SpareBank 1 SMN's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-119.85.

SpareBank 1 SMN Accounts Receivable Historical Data

The historical data trend for SpareBank 1 SMN'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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SpareBank 1 SMN Accounts Receivable Chart

SpareBank 1 SMN Annual Data

Trend

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Accounts Receivable

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SpareBank 1 SMN Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

SpareBank 1 SMN Accounts Receivable Calculation

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

SpareBank 1 SMN 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.

SpareBank 1 SMN's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	170.353	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), SpareBank 1 SMN's accounts receivable are only considered to be worth 75% of book value:

SpareBank 1 SMN'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)
=	(880.893	+	0.75 * 0	+	0.5 * 0	-	18094.405
-	0	-	59.905)	/	144.13
=	-119.85

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.

SpareBank 1 SMN Accounts Receivable Related Terms

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SpareBank 1 SMN (FRA:SJI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 SMN (FRA:SJI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

MING:Norway MINGo:UK 0IVM:UK

Address

Sondre gate 4, Trondheim, NOR, 7011

Website

https://www.sparebank1.no

SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank's is to maintain a variety of office solutions in municipal and administrative centers where the bank's customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank's credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.