Solstad Maritime ASA (OSL:SOMA) Accounts Receivable : kr1,253 Mil (As of Dec. 2024)

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What is Solstad Maritime ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Solstad Maritime ASA's accounts receivables for the quarter that ended in Dec. 2024 was kr1,253 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Solstad Maritime ASA's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 44.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Solstad Maritime ASA's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was kr-15.65.

Solstad Maritime ASA Accounts Receivable Historical Data

The historical data trend for Solstad Maritime 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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Solstad Maritime ASA Accounts Receivable Chart

Solstad Maritime ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

866.67

1,031.01

1,511.19

1,601.86

1,253.18

Solstad Maritime ASA Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Dec24
Accounts Receivable	866.67	1,031.01	1,511.19	1,601.86	1,253.18

Solstad Maritime ASA Accounts Receivable Calculation

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

Solstad Maritime 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.

Solstad Maritime 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
=	1253.182	/	5156.269	*	91
=	44.35

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

Solstad Maritime 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)
=	(2021.571	+	0.75 * 1253.182	+	0.5 * 102.38	-	10331.044
-	0	-	-33.338)	/	465.359
=	-15.65

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.

Solstad Maritime ASA Accounts Receivable Related Terms

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Solstad Maritime ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Solstad Maritime ASA (OSL:SOMA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

O6O:Germany

Address

Nesavegen 39, Skudeneshavn, NOR, 4280

Website

https://www.solstad.com

Solstad Maritime ASA operates offshore service and construction vessels, offering ships, additional services (ROVs, etc), and maritime personnel in all geographical regions. Its operating business segments include AHTS, CSV, Services, and Others. The AHTS segment includes Anchor handling tug supply vessels; the CSV segment represents operations of Construction vessels operating subsea construction contracts; and the Services segment includes additional services provided across vessel spreads, i.e., ROVs, tooling, project personnel, and engineering support. All of the company's income is classified as Oil and Gas, which derives key revenue, or Renewable. Geographically, it generates maximum revenue from the North Sea region, followed by Africa, Mediterranean, South America, etc.

Solstad Maritime ASA Headlines

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