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Finsbury Growth &ome Trust (LSE:FGT) Accounts Receivable : £0.00 Mil (As of Mar. 2024)


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What is Finsbury Growth &ome Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Finsbury Growth &ome Trust's accounts receivables for the quarter that ended in Mar. 2024 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Finsbury Growth &ome Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. Finsbury Growth &ome Trust's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was £-0.16.


Finsbury Growth &ome Trust Accounts Receivable Historical Data

The historical data trend for Finsbury Growth &ome Trust'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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Finsbury Growth &ome Trust Accounts Receivable Chart

Finsbury Growth &ome Trust Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Accounts Receivable
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Finsbury Growth &ome Trust Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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Finsbury Growth &ome Trust Accounts Receivable Calculation

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


Finsbury Growth &ome Trust 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.

Finsbury Growth &ome Trust's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/91.777*91
=0.00

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

Finsbury Growth &ome Trust'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)
=(6.766+0.75 * 0+0.5 * 0-35.946
-0-0)/187.444
=-0.16

* 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.


Finsbury Growth &ome Trust Accounts Receivable Related Terms

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Finsbury Growth &ome Trust (LSE:FGT) Business Description

Traded in Other Exchanges
Address
50 Lothian Road, Festival Square, Edinburgh, GBR, EH3 9WJ
Finsbury Growth & Income Trust PLC is an alternative investment fund achieving capital and income growth and providing shareholders with a total return in excess of that of the FTSE All-Share Index. Geographically, the company operates within the United Kingdom, The United States of America, France and the Netherlands and generates a majority of its revenue from the United Kingdom.

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