Nordic Fibreboard AS (OTSE:SKN1T) Change In Receivables : €0.19 Mil (TTM As of Mar. 2024)

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What is Nordic Fibreboard AS Change In Receivables?

Nordic Fibreboard AS's change in receivables for the quarter that ended in Mar. 2024 was €-0.55 Mil. It means Nordic Fibreboard AS's Accounts Receivable increased by €0.55 Mil from Dec. 2023 to Mar. 2024 .

Nordic Fibreboard AS's change in receivables for the fiscal year that ended in Dec. 2023 was €0.03 Mil. It means Nordic Fibreboard AS's Accounts Receivable declined by €0.03 Mil from Dec. 2022 to Dec. 2023 .

Nordic Fibreboard AS's Accounts Receivable for the quarter that ended in Mar. 2024 was €0.90 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. Nordic Fibreboard AS's Days Sales Outstanding for the three months ended in Mar. 2024 was 41.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nordic Fibreboard AS's liquidation value for the three months ended in Mar. 2024 was €-3.71 Mil.

Nordic Fibreboard AS Change In Receivables Historical Data

The historical data trend for Nordic Fibreboard AS'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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Nordic Fibreboard AS Change In Receivables Chart

Nordic Fibreboard AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.65

0.60

-0.11

0.34

0.03

Nordic Fibreboard AS 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															-0.71	0.56	-0.06	0.24	-0.55

Nordic Fibreboard AS 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 €0.19 Mil.

Nordic Fibreboard AS (OTSE:SKN1T) 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.

Nordic Fibreboard AS's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.898	/	1.961	*	91
=	41.79

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

Nordic Fibreboard AS'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)
=	0.006	-	4.761	+	0.75 * 0.898	+	0.5 * 0.747
=	-3.71

Nordic Fibreboard AS Change In Receivables Related Terms

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Nordic Fibreboard AS (OTSE:SKN1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nordic Fibreboard AS (OTSE:SKN1T) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Rääma 31, Parnu, EST, 80044

Website

https://www.nordicfibreboard.com

Nordic Fibreboard AS is a company operating in the business of fiberboard and furniture products. It operates through the business segments of Fibreboard manufacturing and sale; Furniture retail sale and Real Estate Management. The company generates maximum revenue from the Fibreboard manufacturing and sale segment. Fibreboard manufacturing and sale segment include the manufacture of general construction boards based on softwood fibre boards and interior finishing boards in Parnu and Pussi factories and wholesale of those boards. Geographically, it derives a majority of revenue from the European Union and also has a presence in Russia; Asia; Africa; the Middle East and Other.

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