Kaldalon hf (OISE:KALD) Accounts Receivable

: kr178 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kaldalon hf's accounts receivables for the quarter that ended in Dec. 2023 was kr178 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kaldalon hf's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 18.12.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kaldalon hf's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-31.90.

Kaldalon hf Accounts Receivable Historical Data

The historical data trend for Kaldalon hf'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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Kaldalon hf Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2.72

0.21

359.99

108.00

178.00

Kaldalon hf Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable								359.99	249.01	108.00	781.23	178.00

Kaldalon hf Accounts Receivable Calculation

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

Kaldalon hf 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	178	/	1793.121	*	91
=	18.12

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

Kaldalon hf'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)
=	(1830	+	0.75 * 178	+	0.5 * 0	-	37459
-	0	-	1)	/	1112.76
=	-31.90

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.

Kaldalon hf Accounts Receivable Related Terms

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Kaldalon hf (OISE:KALD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kaldalon hf (OISE:KALD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Borgartun 25- 6th Floor, Reykjavik, ISL, 105

Website

https://www.kaldalon.is

Kaldalon hf is a real estate development company specializing in residential construction. The project portfolio of the group includes Western Bugti, Vogan Based, Truth Treasury and others.

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