FIH Mobile (FIH Mobile) Accounts Receivable

: $1,230 Mil (As of Jun. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FIH Mobile's accounts receivables for the quarter that ended in Jun. 2023 was $1,230 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FIH Mobile's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 83.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FIH Mobile's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-0.05.

FIH Mobile Accounts Receivable Historical Data

The historical data trend for FIH Mobile'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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FIH Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2,858.81

2,041.28

1,695.58

1,652.87

733.18

FIH Mobile 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																1,695.58	1,562.27	1,652.87	1,230.05	733.18

FIH Mobile Accounts Receivable Calculation

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

FIH Mobile 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.

FIH Mobile's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1230.051	/	2676.717	*	91
=	83.87

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

FIH Mobile's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1288.303	+	0.75 * 1230.051	+	0.5 * 958.167	-	3088.959
-	0	-	3.12)	/	7917
=	-0.05

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.

FIH Mobile Accounts Receivable Related Terms

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FIH Mobile (FIH Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIH Mobile Ltd (OTCPK:FXCNF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FXCNY:USA 02038:Hong Kong FW3:Germany

Address

No.4 Minsheng Street, Tucheng District, New Taipei City, TWN, 236

Website

https://www.fihmb.com

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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