Novonesis AS (WBO:NZYM) Change In Receivables : €-24 Mil (TTM As of Dec. 2023)

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What is Novonesis AS Change In Receivables?

Novonesis AS's change in receivables for the quarter that ended in Dec. 2023 was €-11 Mil. It means Novonesis AS's Accounts Receivable increased by €11 Mil from Sep. 2023 to Dec. 2023 .

Novonesis AS's change in receivables for the fiscal year that ended in Dec. 2023 was €-24 Mil. It means Novonesis AS's Accounts Receivable increased by €24 Mil from Dec. 2022 to Dec. 2023 .

Novonesis AS's Accounts Receivable for the quarter that ended in Dec. 2023 was €497 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. Novonesis AS's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Novonesis AS's liquidation value for the three months ended in Dec. 2023 was €-1,113 Mil.

Novonesis AS Change In Receivables Historical Data

The historical data trend for Novonesis 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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Novonesis AS Change In Receivables Chart

Novonesis AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-31.86

53.09

-77.19

-44.36

-23.75

Novonesis AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-21.24	-35.20	22.57	-0.13	-11.00

Novonesis 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €-24 Mil.

Novonesis AS (WBO:NZYM) 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.

Novonesis AS's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	496.684	/	617.568	*	91
=	73.39

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

Novonesis AS's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	155.096	-	1883.695	+	0.75 * 496.684	+	0.5 * 486.621
=	-1,113

Novonesis AS Change In Receivables Related Terms

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Novonesis AS (WBO:NZYM) Business Description

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Traded in Other Exchanges

NVZMY:USA NVZMF:USA NZYM:Mexico NZYMBc:UK 0Q4U:UK NZYM B:Denmark NZM2:Germany

Address

Krogshoejvej 36, Bagsvaerd, DNK, 2880

Website

https://www.novozymes.com

Novozymes is the world leader in industrial enzymes. In recent years, the company has expanded into micro-organisms, primarily for agricultural markets. The firm supplies five major industry groups: household care, food and beverages, bioenergy, agriculture and feed, and technical and pharma. Its biological solutions create value for its customers by improving yield efficiency and performance, while saving energy and generating less waste. The company is headquartered in Denmark.

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