AF Gruppen ASA (FRA:AF8) Accounts Receivable

: €491 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AF Gruppen ASA's accounts receivables for the quarter that ended in Sep. 2023 was €491 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AF Gruppen ASA's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 74.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AF Gruppen ASA's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was €-6.39.

AF Gruppen ASA Accounts Receivable Historical Data

The historical data trend for AF Gruppen 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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AF Gruppen ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

296.42

429.36

358.46

415.94

425.27

AF Gruppen ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																547.55	425.27	543.16	482.34	491.45

AF Gruppen ASA Accounts Receivable Calculation

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

AF Gruppen 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.

AF Gruppen ASA's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	491.447	/	603.454	*	91
=	74.31

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

AF Gruppen ASA's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(45.956	+	0.75 * 491.447	+	0.5 * 49.014	-	1051.566
-	0	-	74.613)	/	107.568
=	-6.39

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.

AF Gruppen ASA Accounts Receivable Related Terms

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AF Gruppen ASA (FRA:AF8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (FRA:AF8) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AFG:Norway

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.

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