Gram Car Carriers ASA (FRA:G39) Change In Receivables : €-0.1 Mil (TTM As of Mar. 2024)

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What is Gram Car Carriers ASA Change In Receivables?

Gram Car Carriers ASA's change in receivables for the quarter that ended in Mar. 2024 was €0.3 Mil. It means Gram Car Carriers ASA's Accounts Receivable declined by €0.3 Mil from Dec. 2023 to Mar. 2024 .

Gram Car Carriers ASA's change in receivables for the fiscal year that ended in Dec. 2023 was €-0.7 Mil. It means Gram Car Carriers ASA's Accounts Receivable increased by €0.7 Mil from Dec. 2022 to Dec. 2023 .

Gram Car Carriers ASA's Accounts Receivable for the quarter that ended in Mar. 2024 was €4.3 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. Gram Car Carriers ASA's Days Sales Outstanding for the three months ended in Mar. 2024 was 7.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Gram Car Carriers ASA's liquidation value for the three months ended in Mar. 2024 was €-241.1 Mil.

Gram Car Carriers ASA Change In Receivables Historical Data

The historical data trend for Gram Car Carriers ASA'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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Gram Car Carriers ASA Change In Receivables Chart

Gram Car Carriers ASA Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-1.05

-2.51

-0.71

Gram Car Carriers ASA Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial								0.09	1.39	0.47	-2.32	0.33

Gram Car Carriers ASA 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 €-0.1 Mil.

Gram Car Carriers ASA (FRA:G39) 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.

Gram Car Carriers ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.326	/	50.461	*	91
=	7.82

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

Gram Car Carriers ASA'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)
=	38.476	-	283.665	+	0.75 * 4.326	+	0.5 * 1.669
=	-241.1

Gram Car Carriers ASA Change In Receivables Related Terms

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Gram Car Carriers ASA (FRA:G39) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gram Car Carriers ASA (FRA:G39) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

GCCo:Sweden GCC:Norway

Address

Bryggegata 9 (Aker Brygge), Oslo, NOR, 0250

Website

https://www.gramcar.com

Gram Car Carriers ASA is a tonnage provider with a fleet of distribution vessels, mid-size vessels, and Panamax vessels. Geographically company has a presence in Europe, Asia, and others. The majority of the revenue is derived from Asia.

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