Franklin Wireless (Franklin Wireless) Accounts Receivable : $10.26 Mil (As of Mar. 2024)

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What is Franklin Wireless Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Franklin Wireless's accounts receivables for the quarter that ended in Mar. 2024 was $10.26 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Franklin Wireless's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 151.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Franklin Wireless's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $2.28.

Franklin Wireless Accounts Receivable Historical Data

The historical data trend for Franklin Wireless'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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Franklin Wireless Accounts Receivable Chart

Franklin Wireless Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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4.14

15.97

2.54

1.32

8.95

Franklin Wireless 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															7.22	8.95	9.92	13.45	10.26

Franklin Wireless Accounts Receivable Calculation

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

Franklin Wireless 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10.262	/	6.176	*	91
=	151.62

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

Franklin Wireless'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)
=	(31.737	+	0.75 * 10.262	+	0.5 * 1.136	-	11.773
-	0	-	1.389)	/	11.7843
=	2.28

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.

Franklin Wireless Accounts Receivable Related Terms

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Franklin Wireless (Franklin Wireless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Franklin Wireless Corp (NAS:FKWL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9707 Waples Street, Suite 150, San Diego, CA, USA, 92121

Website

https://www.franklinwireless.com

Franklin Wireless Corp is a provider of wireless solutions, including mobile hotspots, routers, and modems, as well as hardware and software products that support machine-to-machine (M2M) applications and the Internet of Things (IoT). Its M2M and IoT solutions include embedded modules, modems, and gateways built to deliver reliable always-on connectivity supporting a spectrum of applications. These products are designed to solve wireless connectivity challenges in a range of vertical markets, including video surveillance, digital signage, home security, oil and gas exploration, kiosks, fleet management, smart grid, vehicle diagnostics, and telematics.

Executives

Kristina S Kim	director	7612 SEATTLE DRIVE, LA MESA CA 91941
Joon Won Jyoung	director	C/O FRANKLIN WIRELESS CORP., 6205 LUSK BLVD., SAN DIEGO CA 92121
Oc Kim	director, 10 percent owner, officer: Chief Executive Officer	5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Yun J Lee	officer: Senior Vice President	5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Heidy Kingwan Chow	director	92 KESTREL, IRVINE CA 92618
Johnathan Wonjong Chee	director	8951 N. MILWAUKEE AVE #202, NILES IL 60714
Richard T Walker	officer: Chief Financial Officer	6205 LUSK BLVD, SAN DIEGO CA 92121
David S Oros	other: No longer member of group	9777 PYRAMID COURT, SUITE 100, ENGLEWOOD CO 80112
Karen Singer	other: member of 13(d) group 10%owner	212 VACCARO DRIVE, CRESSKILL NJ 07626
Miller Lloyd I Iii	other: Member of 13(d) group 10%owner
Steven Sherman	other: Member of 13(d) group 10%owner
Benjamin J Chung	director	2218 AVONDALE DRIVE, FULLERTON CA 92833
Gary Wendel Nelson	director	5440 MOREHOUSE DR., SUITE 1000, SAN DIEGO CA 92121
Jae Man Lee	director, 10 percent owner	9823 PACIFIC HEIGHTS BLVD #J, SAN DIEGO CA 92121
David (kwangho) Kim	director	C/O WESTECH KOREA, INC., 548-9 GA JWA 3-DONG, SEO-GU, INCEHON M4 00000