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Franchise Services of North America (Franchise Services of North America) Accounts Receivable : $1.59 Mil (As of Mar. 2017)


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What is Franchise Services of North America Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Franchise Services of North America's accounts receivables for the quarter that ended in Mar. 2017 was $1.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Franchise Services of North America's Days Sales Outstanding for the quarter that ended in Mar. 2017 was 56.24.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Franchise Services of North America's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-0.37.


Franchise Services of North America Accounts Receivable Historical Data

The historical data trend for Franchise Services of North America'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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Franchise Services of North America Accounts Receivable Chart

Franchise Services of North America Annual Data
Trend Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.29 2.14 0.78 0.68 1.82

Franchise Services of North America Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 0.75 0.90 1.82 1.59 1.59

Franchise Services of North America Accounts Receivable Calculation

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


Franchise Services of North America 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.

Franchise Services of North America's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.59/2.58*91
=56.24

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

Franchise Services of North America's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 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)
=(0.894+0.75 * 1.59+0.5 * 0-16.846
-32.086-0)/125.033
=-0.37

* 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.


Franchise Services of North America Accounts Receivable Related Terms

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Franchise Services of North America (Franchise Services of North America) Business Description

Traded in Other Exchanges
N/A
Address
1052 Highland Colony Parkway, Suite 204, Ridgeland, MS, USA, 39157
Franchise Services of North America Inc is a car rental franchisor in North America. The firm operates in the car, van and light truck rental space, alongside a range of insurance products, both business and personal, to its franchisees, the automobile industry, and consumers. It operates through its subsidiary, U-Save Auto Rental of America Inc. (U-Save). Its segments include Franchise, Insurance and Other. The Franchise segment is engaged in franchising to operate U-Save Auto Rental businesses in the United States. The Insurance segment which generates majority revenue is engaged in providing franchisees and independent auto rental operators with financial services related to insurance products in the United States.

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