Norse Energy ASA (OSTO:NECO) Change In Receivables : kr-1.95 Mil (TTM As of Sep. 2013)

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What is Norse Energy ASA Change In Receivables?

Norse Energy ASA's change in receivables for the quarter that ended in Sep. 2013 was kr-2.27 Mil. It means Norse Energy ASA's Accounts Receivable increased by kr2.27 Mil from Jun. 2013 to Sep. 2013 .

Norse Energy ASA's change in receivables for the fiscal year that ended in Dec. 2012 was kr4.19 Mil. It means Norse Energy ASA's Accounts Receivable declined by kr4.19 Mil from Dec. 2011 to Dec. 2012 .

Norse Energy ASA's Accounts Receivable for the quarter that ended in Sep. 2013 was kr0.70 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. Norse Energy ASA's Days Sales Outstanding for the three months ended in Sep. 2013 was 539.83.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Norse Energy ASA's liquidation value for the three months ended in Sep. 2013 was kr-91.02 Mil.

Norse Energy ASA Change In Receivables Historical Data

The historical data trend for Norse Energy 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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Norse Energy ASA Change In Receivables Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Change In Receivables

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-46.45

26.03

1.83

11.94

4.19

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Change In Receivables	Get a 7-Day Free Trial															1.19	0.12	0.16	0.04	-2.27

Norse Energy 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 Sep. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-1.95 Mil.

Norse Energy ASA (OSTO:NECO) 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.

Norse Energy ASA's Days Sales Outstanding for the quarter that ended in Sep. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.704	/	0.119	*	91
=	539.83

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

Norse Energy ASA's liquidation value for the quarter that ended in Sep. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.573	-	92.124	+	0.75 * 0.704	+	0.5 * 0
=	-91.02

Norse Energy ASA Change In Receivables Related Terms

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Norse Energy ASA (OSTO:NECO) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSTO:NECO) » Definitions » Change In Receivables

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Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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