Mermaid Maritime PCL (SGX:DU4) Change In Receivables : S$-87.2 Mil (TTM As of Mar. 2024)

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What is Mermaid Maritime PCL Change In Receivables?

Mermaid Maritime PCL's change in receivables for the quarter that ended in Mar. 2024 was S$-36.4 Mil. It means Mermaid Maritime PCL's Accounts Receivable increased by S$36.4 Mil from Dec. 2023 to Mar. 2024 .

Mermaid Maritime PCL's change in receivables for the fiscal year that ended in Dec. 2023 was S$-58.0 Mil. It means Mermaid Maritime PCL's Accounts Receivable increased by S$58.0 Mil from Dec. 2022 to Dec. 2023 .

Mermaid Maritime PCL's Accounts Receivable for the quarter that ended in Mar. 2024 was S$187.7 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. Mermaid Maritime PCL's Days Sales Outstanding for the three months ended in Mar. 2024 was 145.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mermaid Maritime PCL's liquidation value for the three months ended in Mar. 2024 was S$-89.2 Mil.

Mermaid Maritime PCL Change In Receivables Historical Data

The historical data trend for Mermaid Maritime PCL'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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Mermaid Maritime PCL Change In Receivables Chart

Mermaid Maritime PCL Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-15.32

13.59

-27.55

0.56

-58.04

Mermaid Maritime PCL 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															-8.05	-19.89	-23.90	-7.02	-36.37

Mermaid Maritime PCL 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 S$-87.2 Mil.

Mermaid Maritime PCL (SGX:DU4) 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.

Mermaid Maritime PCL's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	187.681	/	118.016	*	91
=	145.11

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

Mermaid Maritime PCL'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)
=	31.641	-	262.013	+	0.75 * 187.681	+	0.5 * 0.917
=	-89.2

Mermaid Maritime PCL Change In Receivables Related Terms

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Mermaid Maritime PCL (SGX:DU4) Business Description

Industry

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Address

Soi Chidlom, Ploenchit Road, No. 26/28-29, Orakarn Building, 9th Floor, Kwaeng Lumpinee, Khet Pathumwan, Bangkok, THA, 10330

Website

https://www.mermaid-group.com

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

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