Isfelag hfs (OISE:ISF) Accounts Receivable : kr3,284 Mil (As of Dec. 2023)

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What is Isfelag hfs Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Isfelag hfs's accounts receivables for the quarter that ended in Dec. 2023 was kr3,284 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Isfelag hfs's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 58.58.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Isfelag hfs's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was kr-26.63.

Isfelag hfs Accounts Receivable Historical Data

The historical data trend for Isfelag hfs's Accounts Receivable 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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Isfelag hfs Accounts Receivable Chart

Isfelag hfs Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

3,321.18

3,628.68

1,529.23

3,284.28

Isfelag hfs Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Accounts Receivable	3,321.18	3,628.68	1,529.23	4,611.03	3,284.28

Isfelag hfs Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Isfelag hfs Accounts Receivable 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 receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3284.276	/	10231.506	*	91
=	58.58

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Isfelag hfs's accounts receivable are only considered to be worth 75% of book value:

Isfelag hfs's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6089.676	+	0.75 * 3284.276	+	0.5 * 8473.968	-	34582.193
-	0	-	0)	/	818.34
=	-26.63

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Isfelag hfs Accounts Receivable Related Terms

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Isfelag hfs (OISE:ISF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Isfelag hfs (OISE:ISF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangagata 1, Vestmannaeyjar, ISL, 900

Website

https://www.isfelag.is

Isfelag is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

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