FSA Group (ASX:FSA) Accounts Receivable : A$13.97 Mil (As of Dec. 2023)

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What is FSA Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FSA Group's accounts receivables for the quarter that ended in Dec. 2023 was A$13.97 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FSA Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 498.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FSA Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-5.68.

FSA Group Accounts Receivable Historical Data

The historical data trend for FSA Group'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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FSA Group Accounts Receivable Chart

FSA Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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23.68

20.87

19.41

16.73

15.42

FSA Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															18.55	16.73	16.29	15.42	13.97

FSA Group Accounts Receivable Calculation

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

FSA Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.967	/	5.112	*	91
=	498.63

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

FSA Group'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)
=	(5.012	+	0.75 * 13.967	+	0.5 * 0	-	691.974
-	0	-	12.718)	/	121.346
=	-5.68

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.

FSA Group Accounts Receivable Related Terms

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FSA Group (ASX:FSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FSA Group Ltd (ASX:FSA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Oxford Street, Level 13, Darlinghurst, NSW, AUS, 2010

Website

https://www.fsagroup.com.au

FSA Group Ltd is an Australian company that provides credit services. It provides debt solutions and direct lending services to individuals and businesses. It has divided its business into Services and Consumer Lending. The services segment assists clients wishing to enter into a payment arrangement with their creditors, including informal arrangements, debt agreements, personal insolvency agreements and bankruptcy. The consumer lending segment provides home loans and personal loans to assist clients wishing to purchase a property or consolidate their debt or to purchase a motor vehicle and asset finance to SMEs wishing to purchase a vehicle and business?critical equipment. The company generates the majority of its revenue from Lending services.

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