DNO ASA (DNO ASA) Change In Receivables : $-2.4 Mil (TTM As of Dec. 2023)

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What is DNO ASA Change In Receivables?

DNO ASA's change in receivables for the quarter that ended in Dec. 2023 was $-8.8 Mil. It means DNO ASA's Accounts Receivable increased by $8.8 Mil from Sep. 2023 to Dec. 2023 .

DNO ASA's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.3 Mil. It means DNO ASA's Accounts Receivable increased by $2.3 Mil from Dec. 2022 to Dec. 2023 .

DNO ASA's Accounts Receivable for the quarter that ended in Dec. 2023 was $161.6 Mil.

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 Receivable are being managed. DNO ASA's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. DNO ASA's liquidation value for the three months ended in Dec. 2023 was $-538.9 Mil.

DNO ASA Change In Receivables Historical Data

The historical data trend for DNO ASA's Change In Receivables 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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DNO ASA Change In Receivables Chart

DNO ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-147.40

41.10

-99.50

59.90

-2.30

DNO ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-24.10	21.30	-5.70	-9.20	-8.80

DNO ASA Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.4 Mil.

DNO ASA (OTCPK:DTNOY) Change In Receivables 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 Receivable are being managed.

DNO 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
=	161.6	/	199.3	*	91
=	73.99

2. In Ben Graham's calculation of liquidation value, DNO ASA's accounts receivable are only considered to be worth 75% of book value:

DNO ASA's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	704.5	-	1403.5	+	0.75 * 161.6	+	0.5 * 77.8
=	-538.9

DNO ASA Change In Receivables Related Terms

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DNO ASA (DNO ASA) Business Description

Industry

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Traded in Other Exchanges

DTNOF:USA DNOo:Sweden DNO:Norway DNOo:UK 0MHP:UK NK1A:Germany

Address

Dokkveien 1, P.O. Box 1345 Vika, Aker Brygge, Oslo, NOR, 0250

Website

https://www.dno.no

DNO ASA is an oil and gas exploration and production company. A group of licenses are held for fields in Kurdistan, Yemen, United Kingdom, and Norway. Producing assets in Kurdistan generate the majority of revenue for the company. Petroleum products from Kurdistan fields are either sold locally or externally, with external shipments constituting the majority. The company holds working interests in both onshore and offshore fields and operates as either the sole operator or partner in many of its facilities.

DNO ASA (DNO ASA) Headlines

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