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Hurtigruten ASA (OSL:HRG) Accounts Receivable : kr0 Mil (As of Sep. 2014)


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What is Hurtigruten ASA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hurtigruten ASA's accounts receivables for the quarter that ended in Sep. 2014 was kr0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hurtigruten ASA's Days Sales Outstanding for the quarter that ended in Sep. 2014 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hurtigruten ASA's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was kr-7.15.


Hurtigruten ASA Accounts Receivable Historical Data

The historical data trend for Hurtigruten 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.

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Hurtigruten ASA Accounts Receivable Chart

Hurtigruten ASA Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
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Hurtigruten ASA Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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Hurtigruten ASA Accounts Receivable Calculation

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


Hurtigruten 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.

Hurtigruten ASA's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1224.718*91
=0.00

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

Hurtigruten ASA's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 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)
=(463.52+0.75 * 0+0.5 * 92.469-3312.823
-0-201.288)/419.966
=-7.15

* 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.


Hurtigruten ASA Accounts Receivable Related Terms

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Hurtigruten ASA (OSL:HRG) Business Description

Traded in Other Exchanges
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Address
Hurtigruten AS is engaged in the transport & tourism activities in Norway & abroad. Its business consists of Hurtigruten service along the Norwegian coast, with daily calls in 34 ports between Bergen and Kirkenes & explorer activity in the Polar region.

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