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Exmar NV (XBRU:EXM) Accounts Receivable : €45.6 Mil (As of Dec. 2023)


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What is Exmar NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Exmar NV's accounts receivables for the quarter that ended in Dec. 2023 was €45.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Exmar NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 31.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Exmar NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-3.57.


Exmar NV Accounts Receivable Historical Data

The historical data trend for Exmar NV'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.

Exmar NV Accounts Receivable Chart

Exmar NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.03 82.49 41.44 44.45 45.61

Exmar NV Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 41.44 38.58 44.45 72.61 45.61

Exmar NV Accounts Receivable Calculation

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


Exmar NV 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.

Exmar NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=45.611/263.274*91
=31.62

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

Exmar NV'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)
=(162.245+0.75 * 45.611+0.5 * 12.201-407.876
-0-0.135)/57.544
=-3.57

* 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.


Exmar NV Accounts Receivable Related Terms

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Exmar NV (XBRU:EXM) Business Description

Industry
Traded in Other Exchanges
Address
De Gerlachekaai 20, Antwerpen, BEL, 2000
Exmar NV is a liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carrier. It provides industrial marine and energy logistical solutions for transport, regasification and liquefaction within the oil and gas industry. The company has three reportable segments: Shipping, Infrastructure, and Supporting services. The activities in the shipping segment include the transportation of liquefied gas products such as Liquid Petroleum Gas, anhydrous ammonia and petrochemical gases; The infrastructure segment includes LNG infrastructure and Offshore and the segment supporting services include the specialized supporting services such as ship management services and travel agency services. Majority of the revenue is generated from Shipping segment.

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