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Goodman Fielder (NZSE:GFF) Accounts Receivable : NZ$0 Mil (As of Dec. 2014)


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What is Goodman Fielder Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goodman Fielder's accounts receivables for the quarter that ended in Dec. 2014 was NZ$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goodman Fielder's Days Sales Outstanding for the quarter that ended in Dec. 2014 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. Goodman Fielder's Net-Net Working Capital per share for the quarter that ended in Dec. 2014 was NZ$-0.43.


Goodman Fielder Accounts Receivable Historical Data

The historical data trend for Goodman Fielder'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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Goodman Fielder Accounts Receivable Chart

Goodman Fielder Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Accounts Receivable
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Goodman Fielder Semi-Annual Data
Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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Goodman Fielder Accounts Receivable Calculation

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


Goodman Fielder 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.

Goodman Fielder's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1134.206*91
=0.00

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

Goodman Fielder's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(157.942+0.75 * 0+0.5 * 146.243-1115.168
-0-0)/2042.857
=-0.43

* 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.


Goodman Fielder Accounts Receivable Related Terms

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Goodman Fielder (NZSE:GFF) Business Description

Traded in Other Exchanges
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Address
Goodman Fielder Limited manufactures, markets & distributes food ingredients & consumer branded food, beverage & related products, including packaged bread & other related goods, biscuits, dairy products, small goods, flour, edible oils & meal components.