NorAm Drilling AS (OSL:NORAM) Change In Receivables : kr32 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is NorAm Drilling AS Change In Receivables?

NorAm Drilling AS's change in receivables for the quarter that ended in Mar. 2024 was kr-1 Mil. It means NorAm Drilling AS's Accounts Receivable increased by kr1 Mil from Dec. 2023 to Mar. 2024 .

NorAm Drilling AS's change in receivables for the fiscal year that ended in Dec. 2023 was kr37 Mil. It means NorAm Drilling AS's Accounts Receivable declined by kr37 Mil from Dec. 2022 to Dec. 2023 .

NorAm Drilling AS's Accounts Receivable for the quarter that ended in Mar. 2024 was kr121 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. NorAm Drilling AS's Days Sales Outstanding for the three months ended in Mar. 2024 was 41.57.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NorAm Drilling AS's liquidation value for the three months ended in Mar. 2024 was kr11 Mil.

NorAm Drilling AS Change In Receivables Historical Data

The historical data trend for NorAm Drilling 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.

* Premium members only.

NorAm Drilling AS Change In Receivables Chart

NorAm Drilling AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-23.84

83.44

-15.45

-85.55

36.98

NorAm Drilling AS Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial								4.21	-30.86	79.29	-15.09	-1.15

NorAm Drilling 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr32 Mil.

NorAm Drilling AS (OSL:NORAM) 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.

NorAm Drilling AS's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	121.031	/	265.685	*	91
=	41.57

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

NorAm Drilling AS's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	111.894	-	191.962	+	0.75 * 121.031	+	0.5 * 0
=	11

NorAm Drilling AS Change In Receivables Related Terms

Thank you for viewing the detailed overview of NorAm Drilling AS's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

NorAm Drilling AS (OSL:NORAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NorAm Drilling AS (OSL:NORAM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

TM9:Germany

Address

Bryggegata 3, P.O. Box 1327 - Vika, Oslo, NOR, 0112

Website

https://www.noramdrilling.com

NorAm Drilling AS owns and operates a quality rig portfolio of AC driven rigs tailored for the drilling of horizontal wells in the United States land drilling market. NorAm Drilling Company operates all eleven rigs and is financed through a combination of equity investments and intercompany loans, at arm's length terms, from its parent.

NorAm Drilling AS (OSL:NORAM) Headlines

No Headlines