Norconsult ASA (OSL:NORCO) Accounts Receivable : kr1,769 Mil (As of Dec. 2023)

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What is Norconsult ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Norconsult ASA's accounts receivables for the quarter that ended in Dec. 2023 was kr1,769 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Norconsult ASA's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 70.21.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Norconsult ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-7.10.

Norconsult ASA Accounts Receivable Historical Data

The historical data trend for Norconsult 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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Norconsult ASA Accounts Receivable Chart

Norconsult ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1,276.25

1,273.00

1,280.00

1,393.00

1,769.00

Norconsult ASA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			1,280.00	-	1,393.00	1,315.00	1,769.00

Norconsult ASA Accounts Receivable Calculation

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

Norconsult 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.

Norconsult 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
=	1769	/	4598	*	91
=	70.21

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

Norconsult ASA'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)
=	(929	+	0.75 * 1769	+	0.5 * 0	-	4282
-	0	-	0)	/	285.568
=	-7.10

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.

Norconsult ASA Accounts Receivable Related Terms

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Norconsult ASA (OSL:NORCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Norconsult ASA (OSL:NORCO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

NORCOo:UK

Address

Vestfjordgaten 4, Sandvika, NOR, 1338

Website

https://www.norconsult.com

Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design and architecture projects. The Group also develops and distributes complete IT solutions for project, building and facility management for infrastructure and property.

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