GomSpace Group AB (OSTO:GOMX) Accounts Receivable : kr28.6 Mil (As of Sep. 2023)

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What is GomSpace Group AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. GomSpace Group AB's accounts receivables for the quarter that ended in Sep. 2023 was kr28.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. GomSpace Group AB's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 38.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. GomSpace Group AB's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was kr-0.84.

GomSpace Group AB Accounts Receivable Historical Data

The historical data trend for GomSpace Group AB'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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GomSpace Group AB Accounts Receivable Chart

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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51.81

37.21

21.73

27.95

19.95

GomSpace Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															34.56	19.95	33.33	29.36	28.60

GomSpace Group AB Accounts Receivable Calculation

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

GomSpace Group AB 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.

GomSpace Group AB's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.6	/	67.706	*	91
=	38.55

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

GomSpace Group AB's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(45.876	+	0.75 * 28.6	+	0.5 * 63.774	-	217.575
-	0	-	0)	/	140.669
=	-0.84

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.

GomSpace Group AB Accounts Receivable Related Terms

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GomSpace Group AB (OSTO:GOMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GomSpace Group AB (OSTO:GOMX) » Definitions » Accounts Receivable

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0GE8:UK 1G2:Germany

Address

Ulls Vag 29A, Uppsala, SWE, SE-756 51

Website

https://gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or deliver payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia and Rest of the world. The company earns Majority of its revenue comes from Denmark.

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