North Atlantic Drilling (FRA:2NAA) Change In Receivables : €105.0 Mil (TTM As of Dec. 2017)

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What is North Atlantic Drilling Change In Receivables?

North Atlantic Drilling's change in receivables for the quarter that ended in Dec. 2017 was €0.0 Mil. It means North Atlantic Drilling's Accounts Receivable stayed the same from Jun. 2017 to Dec. 2017 .

North Atlantic Drilling's change in receivables for the fiscal year that ended in Dec. 2017 was €34.0 Mil. It means North Atlantic Drilling's Accounts Receivable declined by €34.0 Mil from Dec. 2016 to Dec. 2017 .

North Atlantic Drilling's Accounts Receivable for the quarter that ended in Dec. 2017 was €29.0 Mil.

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 Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. North Atlantic Drilling's liquidation value for the three months ended in Dec. 2017 was €-2,091.1 Mil.

North Atlantic Drilling Change In Receivables Historical Data

The historical data trend for North Atlantic Drilling's Change In Receivables 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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North Atlantic Drilling Change In Receivables Chart

North Atlantic Drilling Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Change In Receivables

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-16.64

-0.97

127.05

25.79

33.97

North Atlantic Drilling Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17
Change In Receivables	Get a 7-Day Free Trial															28.69	38.02	35.16	3.12	-

North Atlantic Drilling Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was €105.0 Mil.

North Atlantic Drilling (FRA:2NAA) Change In Receivables 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 Receivable are being managed.

North Atlantic Drilling's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28.983	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, North Atlantic Drilling's accounts receivable are only considered to be worth 75% of book value:

North Atlantic Drilling's liquidation value for the quarter that ended in Dec. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	24.927	-	2137.765	+	0.75 * 28.983	+	0.5 * 0
=	-2,091.1

North Atlantic Drilling Change In Receivables Related Terms

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North Atlantic Drilling Business Description

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http://www.nadlcorp.com

North Atlantic Drilling Ltd is a Bermuda-based offshore drilling contractor which focused on operations in the North Atlantic Region. The company operates offshore drilling rigs in operation offshore Norway and the United Kingdom. It also provides harsh environment drilling services to the oil and gas industry. The company's fleet of offshore drilling units of the company consists of drill ships, semi-submersible rigs, jack-up rigs and tender rigs. It operates its business in Norway, United Kingdom, and Russia and most of the revenue come from Norway.

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