BOCN (Blue Ocean Acquisition) Accounts Receivable : $0.00 Mil (As of Sep. 2024)

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What is Blue Ocean Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Blue Ocean Acquisition's accounts receivables for the quarter that ended in Sep. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Blue Ocean Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-2.43.

Blue Ocean Acquisition Accounts Receivable Historical Data

The historical data trend for Blue Ocean Acquisition'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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Blue Ocean Acquisition Accounts Receivable Chart

Blue Ocean Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

Blue Ocean Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial										-	-	-	-	-

Blue Ocean Acquisition Accounts Receivable Calculation

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

Blue Ocean Acquisition 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.

Blue Ocean Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

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

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

Blue Ocean Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=	(0.048	+	0.75 * 0	+	0.5 * 0	-	16.046
-	0	-	0)	/	6.586
=	-2.43

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.

Blue Ocean Acquisition Accounts Receivable Related Terms

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Blue Ocean Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blue Ocean Acquisition Corp (NAS:BOCN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Wisconsin Circle, 7th Floor, Chevy Chase, MD, USA, 20815

Website

https://www.boacquisition.com

Blue Ocean Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Matt Lasov	officer: Chief Financial Officer	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Richard Jr Leggett	officer: Chief Executive Officer	C/O RISKMETRICS GROUP, INC., 2099 GAITHER ROAD, ROCKVILLE MD 20850
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Capital Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Spac Fund I, L.p.	10 percent owner	27 HOSPITAL ROAD, GEORGE TOW E9 KY1-9008
Paul J Bascobert	director, officer: Chief Executive Officer	20 W. KINZIE ST, SUITE 1600, CHICAGO IL 60610
Joel Motley	director	6803 SOUTH TUCSON WAY, CENTENNIAL CO 80112-3924
Norman Pearlstine	director	C/O TIME INC., 225 LIBERTY STREET, NEW YORK NY 10281
Ankur Manglik	director, officer: Chief Strategy Officer & CFO	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Marcus Brauchli	director, officer: Chairman	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Sean Glodek	director, officer: Vice President	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Matt Goldberg	director	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Priscilla Han	director	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Dale Mathias	director	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815
Blue Ocean Sponsor Llc	10 percent owner	2 WISCONSIN CIRCLE, 7TH FLOOR, CHEVY CHASE MD 20815