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Friendable (Friendable) Accounts Receivable : $0.00 Mil (As of Sep. 2022)


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What is Friendable Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Friendable's accounts receivables for the quarter that ended in Sep. 2022 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Friendable's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Friendable's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-0.49.


Friendable Accounts Receivable Historical Data

The historical data trend for Friendable'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.

Friendable Accounts Receivable Chart

Friendable Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 0.01 -

Friendable Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 - - - - -

Friendable Accounts Receivable Calculation

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


Friendable 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.

Friendable's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.049*91
=0.00

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

Friendable's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.006+0.75 * 0+0.5 * 0-5.493
-0-0)/11.0866
=-0.49

* 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.


Friendable Accounts Receivable Related Terms

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Friendable (Friendable) Business Description

Traded in Other Exchanges
N/A
Address
1821 S Bascom Avenue, Suite 353, Campbell, CA, USA, 95008
Friendable Inc is a mobile-focused technology and marketing company, that connects and engages with its users. The company's products and services include The Fan Pass Live music which is a subscription-based app and the online subscription-based Artist Republik suite of artist-centric services that include music distribution for artists, while fans can enjoy access to a variety of artist channels across different genres, exclusive live events, behind-the-scenes content, artist merchandising. The FeaturedX business segment provides a place where artists can book a guest feature, co-write, composition or live instrumental tracking for artists releasing their next single or looking to extend reach and exposure by tapping into these available resources for music production and collaboration.
Executives
Rositano Robert A Jr director, officer: CEO & Secretary 1696 DELL AVENUE, CAMPBELL CA 95008
Dean Rositano director, officer: President & CTO 1696 DELL AVENUE, CAMPBELL CA 95008
Copper Creek Holdings, Llc 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Stacy L. Rositano 10 percent owner 3846 MOANNA WAY, SANTA CRUZ CA 95062
Andrew A Brodkey director, officer: President and CEO 4960 N. CAMINO ANTONIO, TUSCON AZ 85718
Frank Garcia officer: CFO 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Ronald Richman director 3040 N. CAMPBELL AVE. SUITE #110, TUCSON AZ 85719
Jodi Henderson officer: Corporate Secretary 7033 EAST CALLE BETELGEUX, TUCSON AZ 85710
David Hackman officer: VP of Exploration 3040 NORTH CAMPBELL AVE., SUITE 110, TUCSON AZ 85719
David Ohad director, 10 percent owner, officer: PRESIDENT HANCHALA 2, #5023, PARDES HANNA - KARKU L3 37000

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