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First Hartford (First Hartford) Accounts Receivable : $3.04 Mil (As of Apr. 2018)


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What is First Hartford Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Hartford's accounts receivables for the quarter that ended in Apr. 2018 was $3.04 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Hartford's Days Sales Outstanding for the quarter that ended in Apr. 2018 was 6.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Hartford's Net-Net Working Capital per share for the quarter that ended in Apr. 2018 was $-101.46.


First Hartford Accounts Receivable Historical Data

The historical data trend for First Hartford'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.

First Hartford Accounts Receivable Chart

First Hartford Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.27 4.85 3.96 3.51 3.04

First Hartford Semi-Annual Data
Apr99 Apr00 Apr01 Apr02 Apr03 Apr04 Apr05 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17 Apr18
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 4.27 4.85 3.96 3.51 3.04

First Hartford Accounts Receivable Calculation

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


First Hartford 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.

First Hartford's Days Sales Outstanding for the quarter that ended in Apr. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.042/83.019*91
=6.69

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

First Hartford's Net-Net Working Capital Per Share for the quarter that ended in Apr. 2018 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)
=(7.826+0.75 * 3.042+0.5 * 7.465-247.944
-0-0.868)/2.3158
=-101.46

* 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.


First Hartford Accounts Receivable Related Terms

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First Hartford (First Hartford) Business Description

Traded in Other Exchanges
N/A
Address
149 Colonial Road, Manchester, CT, USA, 06042
First Hartford Corp is a real estate company. The company is engaged in the purchase, development, ownership, management, and sale of real estate. The company is engaged in two business segments namely Real Estate Operations and Fee for Service. The company generates maximum revenue from the Real Estate Operations segment.
Executives
Neil H Ellis director, 10 percent owner, officer: President PO BOX 1270 149 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Barbara K Filippelli 10 percent owner 23 LAKEVIEW DR, PAWLING NY 12564
John Filippelli 10 percent owner 23 LAKEVIEW DRIVE, PAWLING NY 12564
Stuart I Greenwald director, officer: Secretary/Treasurer PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270
Daniel B Harding director, officer: Vice President PO BOX 1270 COLONIAL RD, C/O FIRST HARTFORD CORP, MANCHESTER CT 06045-1270

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