Forbidden Foods (ASX:FFF) Accounts Receivable : A$0.30 Mil (As of Dec. 2023)

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What is Forbidden Foods Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Forbidden Foods's accounts receivables for the quarter that ended in Dec. 2023 was A$0.30 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Forbidden Foods's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 37.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Forbidden Foods's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-0.00.

Forbidden Foods Accounts Receivable Historical Data

The historical data trend for Forbidden Foods'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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Forbidden Foods Accounts Receivable Chart

Forbidden Foods Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Receivable

0.46

0.71

0.22

Forbidden Foods Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			1.04	0.71	0.66	0.22	0.30

Forbidden Foods Accounts Receivable Calculation

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

Forbidden Foods 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.

Forbidden Foods's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.298	/	1.463	*	91
=	37.17

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

Forbidden Foods'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)
=	(0.369	+	0.75 * 0.298	+	0.5 * 0.441	-	0.883
-	0	-	0)	/	201.861
=	-0.00

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.

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Forbidden Foods (ASX:FFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forbidden Foods Ltd (ASX:FFF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16/663 Victoria Street, Abbotsford, Melbourne, VIC, AUS, 3067

Website

https://www.forbiddenfoods.com.au

Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad.

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