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SpareBank 1 Nord-Norge (OSL:NONG) Accounts Receivable : kr0 Mil (As of Dec. 2023)


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What is SpareBank 1 Nord-Norge Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SpareBank 1 Nord-Norge's accounts receivables for the quarter that ended in Dec. 2023 was kr0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SpareBank 1 Nord-Norge's Days Sales Outstanding for the quarter that ended in Dec. 2023 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 Nord-Norge's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-1,103.52.


SpareBank 1 Nord-Norge Accounts Receivable Historical Data

The historical data trend for SpareBank 1 Nord-Norge'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 Nord-Norge Accounts Receivable Chart

SpareBank 1 Nord-Norge Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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SpareBank 1 Nord-Norge Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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SpareBank 1 Nord-Norge Accounts Receivable Calculation

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


SpareBank 1 Nord-Norge 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 Nord-Norge's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1642*91
=0.00

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

SpareBank 1 Nord-Norge'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)
=(402+0.75 * 0+0.5 * 0-110948
-0-245)/100.398
=-1,103.52

* 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.


SpareBank 1 Nord-Norge Accounts Receivable Related Terms

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SpareBank 1 Nord-Norge (OSL:NONG) Business Description

Traded in Other Exchanges
Address
Storgata 65, PO Box 6800, Tromso, NOR, 9008
SpareBank 1 Nord-Norge is a Norwegian banking services provider. Apart from general banking solutions, its areas of expertise include estate agency, asset financing, and accounting operations. The company operates with primary segments, namely Retail Banking, Corporate Banking, and leasing & Markets. The Retail Banking segment serves individual customers through the provision of retail banking products such as loans, deposits, cards, and insurances. The Corporate Banking segment focuses purely on corporate customers. The bank also provides real estate brokerage, trading in securities, active investment management, and value assessment.

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