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BlueNord ASA (OSL:BNOR) Accounts Receivable : kr450 Mil (As of Mar. 2024)


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What is BlueNord ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BlueNord ASA's accounts receivables for the quarter that ended in Mar. 2024 was kr450 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BlueNord ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BlueNord ASA's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr-973.26.


BlueNord ASA Accounts Receivable Historical Data

The historical data trend for BlueNord ASA'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.

* Premium members only.

BlueNord ASA Accounts Receivable Chart

BlueNord ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.05 444.06 978.04 932.68 631.91

BlueNord ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.48 6.48 4.29 631.91 449.95

BlueNord ASA Accounts Receivable Calculation

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


BlueNord ASA 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.

BlueNord ASA's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=449.953/1788.139*91
=22.96

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

BlueNord ASA's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=(1673.528+0.75 * 449.953+0.5 * 667.501-27849.334
-0-0)/26.2053
=-973.26

* 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.


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.


BlueNord ASA Accounts Receivable Related Terms

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BlueNord ASA (OSL:BNOR) Business Description

Traded in Other Exchanges
Address
Nedre Vollgate 1, Oslo, NOR, 0158
BlueNord ASA is a strategically important European oil and gas company, specializing in producing and developing resources that support the energy transition towards Net Zero. The company operates in the Danish North Sea with a 36.8 percent non-operated interest in the Danish Underground Consortium (DUC). The Company has a focus on developing and implementing solutions that will improve the long-term position of oil and gas as a key part of the energy mix while reducing greenhouse gas emissions on the Danish Continental Shelf.

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