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Cadeler AS (STU:CA2) Accounts Receivable : €46.3 Mil (As of Sep. 2024)


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What is Cadeler AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Cadeler AS's accounts receivables for the quarter that ended in Sep. 2024 was €46.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Cadeler AS's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 52.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Cadeler AS's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was €-1.57.


Cadeler AS Accounts Receivable Historical Data

The historical data trend for Cadeler AS'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.

Cadeler AS Accounts Receivable Chart

Cadeler AS Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 14.88 6.95 18.42 17.64 26.80

Cadeler AS Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 26.80 36.53 39.68 46.32

Cadeler AS Accounts Receivable Calculation

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


Cadeler AS 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.

Cadeler AS's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=46.318/80.567*91
=52.46

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

Cadeler AS's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(91.854+0.75 * 46.318+0.5 * 1.351-695.171
-0-0)/360.784
=-1.57

* 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.


Cadeler AS Accounts Receivable Related Terms

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Cadeler AS Business Description

Traded in Other Exchanges
Address
Kalvebod Brygge 43, Copenhagen, DNK, DK-1560
Cadeler AS is an offshore wind farm vessel contractor. It is engaged in offshore wind farm construction, maintenance, and decommissioning, and provides marine and engineering operations to the wind industry with a focus on safety and the environment. The company operates four offshore jack-up wind farm installation vessels. In addition to wind farm installation, these vessels can perform maintenance, construction, decommissioning, and other tasks within the offshore industry.

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