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Salmon Evolution ASA (OSL:SALME) Accounts Receivable : kr40.5 Mil (As of Dec. 2023)


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What is Salmon Evolution ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Salmon Evolution ASA's accounts receivables for the quarter that ended in Dec. 2023 was kr40.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Salmon Evolution ASA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 41.59.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Salmon Evolution ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-0.71.


Salmon Evolution ASA Accounts Receivable Historical Data

The historical data trend for Salmon Evolution 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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Salmon Evolution ASA Accounts Receivable Chart

Salmon Evolution ASA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
- - 0.38 23.08 40.50

Salmon Evolution ASA Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 23.08 3.80 9.28 21.42 40.50

Salmon Evolution ASA Accounts Receivable Calculation

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


Salmon Evolution 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.

Salmon Evolution 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
=40.496/88.85*91
=41.59

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

Salmon Evolution 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)
=(382.826+0.75 * 40.496+0.5 * 162.16-788.892
-0-0)/413.937
=-0.71

* 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.


Salmon Evolution ASA Accounts Receivable Related Terms

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Salmon Evolution ASA (OSL:SALME) Business Description

Traded in Other Exchanges
Address
Torget 5, NO-6440 Elnesvagen, Hustadvika, NOR, 6440
Salmon Evolution ASA is a land-based salmon farming company in Norway. Its focus is on extending the ocean's potential by transferring the preconditions offered by the sea to farm fish on land through its chosen hybrid flow-through system technology (HFS). It production facility of the company is located in Indre Haroy, Norway. It offers access to an educated and experienced workforce, established infrastructure for salmon farming, renewable energy, and unlimited fresh seawater.

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