Icelandair Group hf (LTS:0ERU) Change In Receivables : kr6,238 Mil (TTM As of Mar. 2024)

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What is Icelandair Group hf Change In Receivables?

Icelandair Group hf's change in receivables for the quarter that ended in Mar. 2024 was kr-6,145 Mil. It means Icelandair Group hf's Accounts Receivable increased by kr6,145 Mil from Dec. 2023 to Mar. 2024 .

Icelandair Group hf's change in receivables for the fiscal year that ended in Dec. 2023 was kr1,704 Mil. It means Icelandair Group hf's Accounts Receivable declined by kr1,704 Mil from Dec. 2022 to Dec. 2023 .

Icelandair Group hf's Accounts Receivable for the quarter that ended in Mar. 2024 was kr29,172 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. Icelandair Group hf's Days Sales Outstanding for the three months ended in Mar. 2024 was 74.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Icelandair Group hf's liquidation value for the three months ended in Mar. 2024 was kr-130,083 Mil.

Icelandair Group hf Change In Receivables Historical Data

The historical data trend for Icelandair Group hf'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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Icelandair Group hf Change In Receivables Chart

Icelandair Group hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-559.17

4,525.87

-3,027.71

-5,249.85

1,704.32

Icelandair Group hf 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															-10,487.95	6,794.19	3,102.23	2,486.79	-6,145.29

Icelandair Group hf 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 kr6,238 Mil.

Icelandair Group hf (LTS:0ERU) 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.

Icelandair Group hf's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29171.864	/	35802.343	*	91
=	74.35

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

Icelandair Group hf'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)
=	49680.123	-	203244.699	+	0.75 * 29171.864	+	0.5 * 3204.83
=	-130,083

Icelandair Group hf Change In Receivables Related Terms

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Icelandair Group hf (LTS:0ERU) Business Description

Industry

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ICEAIR:Iceland

Address

Reykjavikurflugvollur, Reykjavik Airport, Reykjavik, ISL, 101

Website

https://www.icelandairgroup.is

Icelandair Group hf through its subsidiaries provides airlines and tourism services in Iceland. The company's segments are Passenger and cargo operations and Other group entities. It generates maximum revenue from the Passenger and cargo operations segment. Geographically, it derives maximum revenue from Iceland and also has a presence in North America, West Continental Europe, Scandinavia, the United Kingdom, and Other countries.

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