Northern Ocean (OSTO:NOLO) Change In Receivables : kr348 Mil (TTM As of Sep. 2024)

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What is Northern Ocean Change In Receivables?

Northern Ocean's change in receivables for the quarter that ended in Sep. 2024 was kr280 Mil. It means Northern Ocean's Accounts Receivable declined by kr280 Mil from Jun. 2024 to Sep. 2024 .

Northern Ocean's change in receivables for the fiscal year that ended in Dec. 2023 was kr-301 Mil. It means Northern Ocean's Accounts Receivable increased by kr301 Mil from Dec. 2022 to Dec. 2023 .

Northern Ocean's Accounts Receivable for the quarter that ended in Sep. 2024 was kr263 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. Northern Ocean's Days Sales Outstanding for the three months ended in Sep. 2024 was 56.73.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Northern Ocean's liquidation value for the three months ended in Sep. 2024 was kr-5,129 Mil.

Northern Ocean Change In Receivables Historical Data

The historical data trend for Northern Ocean'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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Northern Ocean Change In Receivables Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-206.51

58.13

96.71

-193.08

-300.61

Northern Ocean Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-268.17	133.50	-33.10	-32.72	280.12

Northern Ocean 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr348 Mil.

Northern Ocean (OSTO:NOLo) 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.

Northern Ocean's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	263.079	/	423.173	*	91
=	56.73

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

Northern Ocean's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	756.892	-	6098.435	+	0.75 * 263.079	+	0.5 * 30.721
=	-5,129

Northern Ocean Change In Receivables Related Terms

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Northern Ocean Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OSTO:NOLo) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

NOL:Norway 4JO:Germany

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns two semi-submersible rigs, Deepsea Mira and Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

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