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Goldfine Manufacturers (BKK:GFM) Accounts Receivable : ฿351 Mil (As of Sep. 2014)


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What is Goldfine Manufacturers Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goldfine Manufacturers's accounts receivables for the quarter that ended in Sep. 2014 was ฿351 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goldfine Manufacturers's Days Sales Outstanding for the quarter that ended in Sep. 2014 was 108.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goldfine Manufacturers's Net-Net Working Capital per share for the quarter that ended in Sep. 2014 was ฿5.68.


Goldfine Manufacturers Accounts Receivable Historical Data

The historical data trend for Goldfine Manufacturers'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.

Goldfine Manufacturers Accounts Receivable Chart

Goldfine Manufacturers Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only - 299.10 - 368.84 376.77

Goldfine Manufacturers Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 358.82 376.77 348.97 355.50 351.13

Goldfine Manufacturers Accounts Receivable Calculation

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


Goldfine Manufacturers 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.

Goldfine Manufacturers's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=351.13/296.615*91
=108.02

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

Goldfine Manufacturers's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2014 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)
=(556.546+0.75 * 351.13+0.5 * 298.078-116.202
-0-0)/150.000
=5.68

* 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.


Goldfine Manufacturers Accounts Receivable Related Terms

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Goldfine Manufacturers (BKK:GFM) Business Description

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Address
Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.

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