Nordic Unmanned ASA (FRA:8VH) Change In Receivables : €0.96 Mil (TTM As of Sep. 2023)

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What is Nordic Unmanned ASA Change In Receivables?

Nordic Unmanned ASA's change in receivables for the quarter that ended in Sep. 2023 was €2.26 Mil. It means Nordic Unmanned ASA's Accounts Receivable declined by €2.26 Mil from Jun. 2023 to Sep. 2023 .

Nordic Unmanned ASA's change in receivables for the fiscal year that ended in Dec. 2022 was €-0.58 Mil. It means Nordic Unmanned ASA's Accounts Receivable increased by €0.58 Mil from Dec. 2021 to Dec. 2022 .

Nordic Unmanned ASA's Accounts Receivable for the quarter that ended in Sep. 2023 was €1.36 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. Nordic Unmanned ASA's Days Sales Outstanding for the three months ended in Sep. 2023 was 20.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nordic Unmanned ASA's liquidation value for the three months ended in Sep. 2023 was €-28.90 Mil.

Nordic Unmanned ASA Change In Receivables Historical Data

The historical data trend for Nordic Unmanned ASA'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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Nordic Unmanned ASA Change In Receivables Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.46

0.26

-0.58

Nordic Unmanned ASA Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial													0.18	1.05	-0.19	-2.16	2.26

Nordic Unmanned ASA 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.96 Mil.

Nordic Unmanned ASA (FRA:8VH) 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.

Nordic Unmanned ASA's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.358	/	6.148	*	91
=	20.16

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

Nordic Unmanned ASA's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.205	-	31.648	+	0.75 * 1.358	+	0.5 * 3.044
=	-28.90

Nordic Unmanned ASA Change In Receivables Related Terms

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Nordic Unmanned ASA (FRA:8VH) Business Description

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NUMND:Norway

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services.

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