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Fortune Parts Industry PCL (BKK:FPI) Accounts Receivable : ฿1,213 Mil (As of Dec. 2023)


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What is Fortune Parts Industry PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortune Parts Industry PCL's accounts receivables for the quarter that ended in Dec. 2023 was ฿1,213 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortune Parts Industry PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 169.20.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortune Parts Industry PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ฿0.14.

Fortune Parts Industry PCL Accounts Receivable Historical Data

The historical data trend for Fortune Parts Industry PCL'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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Fortune Parts Industry PCL Accounts Receivable Chart

Fortune Parts Industry PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 685.64 678.10 1,052.24 1,225.35 1,213.48

Fortune Parts Industry PCL Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1,225.35 1,204.46 1,250.42 1,293.94 1,213.48

Fortune Parts Industry PCL Accounts Receivable Calculation

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

Fortune Parts Industry PCL 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 Parts Industry PCL's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1213.482/654.416*91
=169.20

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

Fortune Parts Industry PCL'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)
=(221.406+0.75 * 1213.482+0.5 * 681.367-1266.851
-0-0)/1513.03
=0.14

* 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 Parts Industry PCL Accounts Receivable Related Terms

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Fortune Parts Industry PCL (BKK:FPI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fortune Parts Industry PCL (BKK:FPI) » Definitions » Accounts Receivable
Comparable Companies
BKK:TSC BKK:HFT BKK:IRC BKK:TRU BKK:PACO BKK:IHL BKK:GYT BKK:YUASA BKK:CWT BKK:CPR TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
Nimitmai Road, 11/22 Moo 20, Lamlukka, Pathumthani, THA, 12150
Website
https://www.fpiautoparts.com
Fortune Parts Industry PCL is engaged in the manufacture and distribution of automotive replacement parts, dipping, and painting services based in Thailand. It has three operating segments Domestic sales, which manufacture and domestic distribution of automotive parts and equipment; Export sales, which manufacture and overseas distribution of automotive parts and equipment; and Services from dipping and painting. Some of the products offered by the company are Plastic injection parts, Lamp and mirrors, Coolants, Engine and Break parts, among others. Export sales generate the majority of the revenue. Geographically, it makes sales in Thailand, Saudi Arabia, and other countries.