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Argeo ASA (OSL:ARGEO) Accounts Receivable : kr77.2 Mil (As of Dec. 2024)


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What is Argeo ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Argeo ASA's accounts receivables for the quarter that ended in Dec. 2024 was kr77.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Argeo ASA's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 116.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Argeo ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was kr-15.11.


Argeo ASA Accounts Receivable Historical Data

The historical data trend for Argeo 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.

* Premium members only.

Argeo ASA Accounts Receivable Chart

Argeo ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial 4.51 4.78 17.05 2.31 77.21

Argeo ASA Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.31 44.68 92.77 43.50 77.21

Argeo ASA Accounts Receivable Calculation

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


Argeo 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.

Argeo ASA's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=77.208/60.411*91
=116.62

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

Argeo ASA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(9.279+0.75 * 77.208+0.5 * 13.352-744.889
-0-0)/44.416
=-15.11

* 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.


Argeo ASA Accounts Receivable Related Terms

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Argeo ASA Business Description

Industry
Traded in Other Exchanges
N/A
Address
Nye Vakasvei 14, Hvalstad, NOR, 1395
Argeo ASA is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations.

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