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Fortune Valley Treasures Accounts Receivable

: $1.88 Mil (As of Mar. 2022)
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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortune Valley Treasures's accounts receivables for the quarter that ended in Mar. 2022 was $1.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortune Valley Treasures's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 136.08.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortune Valley Treasures's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-0.04.


Fortune Valley Treasures Accounts Receivable Historical Data

The historical data trend for Fortune Valley Treasures'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.

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Premium Member Only Premium Member Only - 0.01 - 2.47 2.66

Fortune Valley Treasures Quarterly Data
May17 Aug17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Accounts Receivable 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 Premium Member Only Premium Member Only Premium Member Only 1.18 1.19 2.00 2.66 1.88

Fortune Valley Treasures Accounts Receivable Calculation

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


Fortune Valley Treasures 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.

Fortune Valley Treasures's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.882/1.262*91
=136.08

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

Fortune Valley Treasures's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 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)
=(0.151+0.75 * 1.882+0.5 * 0.148-1.872
-0-0.434)/15.655
=-0.04

* 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.


Fortune Valley Treasures Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Fortune Valley Treasures's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortune Valley Treasures Business Description

Fortune Valley Treasures logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 445310 SIC : 5921
Traded in Other Exchanges
N/A
Address
Qiaoxiang Road, Shahe Street, 13th Floor, Building B1, Wisdom Plaza, Nanshan District, Guangdong, Shenzhen, CHN, 518000
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are into food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Lin Kaihong director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD BEICE, HUMEN DONGGUAN, GUANGDONG F4 518000
Shen Xinlong director, 10 percent owner, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE, NANSHAN DISTRICT SHENZHEN F4 518000

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