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Fat Prophets Global Property Fund (ASX:FPP) Accounts Receivable : A$0.14 Mil (As of Dec. 2023)


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What is Fat Prophets Global Property Fund Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fat Prophets Global Property Fund's accounts receivables for the quarter that ended in Dec. 2023 was A$0.14 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fat Prophets Global Property Fund's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$0.10.


Fat Prophets Global Property Fund Accounts Receivable Historical Data

The historical data trend for Fat Prophets Global Property Fund'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.

Fat Prophets Global Property Fund Accounts Receivable Chart

Fat Prophets Global Property Fund Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Accounts Receivable
0.12 0.14 0.13 1.78 0.12

Fat Prophets Global Property Fund Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 1.78 0.17 0.12 0.14

Fat Prophets Global Property Fund Accounts Receivable Calculation

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


Fat Prophets Global Property Fund 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.

Fat Prophets Global Property Fund's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.142/0*91
=

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

Fat Prophets Global Property Fund'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)
=(2.858+0.75 * 0.142+0.5 * 0-0.653
-0-0)/22.6156
=0.10

* 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.


Fat Prophets Global Property Fund Accounts Receivable Related Terms

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Fat Prophets Global Property Fund (ASX:FPP) Business Description

Traded in Other Exchanges
N/A
Address
1 Farrer Place, Level 16, Governor Macquarie Tower, Sydney, NSW, AUS, 2000
Fat Prophets Global Property Fund is the investment manager of the Fund. It Fund is an investment trust focused on investments with exposure to real estate. It has a presence in Australia, Singapore, Hong Kong, Japan, the United Kingdom, Europe, and the United States.

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