Algoma Central (FRA:ACH) Change In Receivables : €0.0 Mil (TTM As of Mar. 2024)

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What is Algoma Central Change In Receivables?

Algoma Central's change in receivables for the quarter that ended in Mar. 2024 was €0.0 Mil. It means Algoma Central's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Algoma Central's change in receivables for the fiscal year that ended in Dec. 2023 was €-7.7 Mil. It means Algoma Central's Accounts Receivable increased by €7.7 Mil from Dec. 2022 to Dec. 2023 .

Algoma Central's Accounts Receivable for the quarter that ended in Mar. 2024 was €39.8 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. Algoma Central's Days Sales Outstanding for the three months ended in Mar. 2024 was 48.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Algoma Central's liquidation value for the three months ended in Mar. 2024 was €-375.8 Mil.

Algoma Central Change In Receivables Historical Data

The historical data trend for Algoma Central'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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Algoma Central Change In Receivables Chart

Algoma Central Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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3.49

1.78

5.31

-8.34

-7.72

Algoma Central Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Algoma Central 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.0 Mil.

Algoma Central (FRA:ACH) 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.

Algoma Central's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	39.782	/	74.229	*	91
=	48.90

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

Algoma Central's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	9.426	-	419.784	+	0.75 * 39.782	+	0.5 * 9.43
=	-375.8

Algoma Central Change In Receivables Related Terms

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Algoma Central (FRA:ACH) Business Description

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AGMJF:USA ALC:Canada

Address

63 Church Street, Suite 600, St. Catharines, ON, CAN, L2R 3C4

Website

https://www.algonet.com

Algoma Central Corp owns and operates a fleet of dry and liquid bulk carriers operating on the Great Lakes, St. Lawrence Waterway. The company's Canadian flag fleet consists of self-unloading dry-bulk carriers, gearless dry-bulk carriers, and product tankers. The company operates its business through six segments that are Domestic Dry-Bulk, Product Tankers, Ocean Self-Unloaders, Corporate, Investment Properties, and Global Short Sea Shipping. The company earns revenues from marine operations through contracts of affreightment, time charters, and pool revenue.

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