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Klaveness Combination Carriers ASA (OSL:KCC) Accounts Receivable : kr335 Mil (As of Mar. 2024)


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What is Klaveness Combination Carriers ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Klaveness Combination Carriers ASA's accounts receivables for the quarter that ended in Mar. 2024 was kr335 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Klaveness Combination Carriers ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 39.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Klaveness Combination Carriers ASA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-29.32.


Klaveness Combination Carriers ASA Accounts Receivable Historical Data

The historical data trend for Klaveness Combination Carriers 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.

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Klaveness Combination Carriers ASA Accounts Receivable Chart

Klaveness Combination Carriers ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 80.19 65.04 66.65 134.66 163.48

Klaveness Combination Carriers ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 390.21 318.87 244.18 163.48 334.52

Klaveness Combination Carriers ASA Accounts Receivable Calculation

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


Klaveness Combination Carriers 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.

Klaveness Combination Carriers ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=334.515/780.403*91
=39.11

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

Klaveness Combination Carriers ASA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=(637.193+0.75 * 334.515+0.5 * 142.287-2730.939
-0-0)/60.4316
=-29.32

* 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.


Klaveness Combination Carriers ASA Accounts Receivable Related Terms

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Klaveness Combination Carriers ASA (OSL:KCC) Business Description

Traded in Other Exchanges
Address
Drammensveien 260, Oslo, NOR, 0283
Klaveness Combination Carriers ASA is an owner and operator of combination carriers in Norway. The company has developed and refined vessel design and equipment, operational procedures, and crew training to provide customers with the most efficient, reliable and high-quality shipping services. Its objective is to establish and expand a profitable global combination carrier service within several regions, servicing the alumina and the petroleum/petrochemical industries.

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