Free Flow (Free Flow) Accounts Receivable : $0.10 Mil (As of Dec. 2023)

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What is Free Flow Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Free Flow's accounts receivables for the quarter that ended in Dec. 2023 was $0.10 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Free Flow's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.10.

Free Flow Accounts Receivable Historical Data

The historical data trend for Free Flow'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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Free Flow Accounts Receivable Chart

Free Flow Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.11

0.20

0.11

0.10

Free Flow 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															0.10	0.09	0.09	0.10	0.10

Free Flow Accounts Receivable Calculation

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

Free Flow 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.

Free Flow's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.095	/	0	*	91
=

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

Free Flow'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)
=	(0.04	+	0.75 * 0.095	+	0.5 * 0.005	-	2.689
-	0	-	0)	/	25.8769
=	-0.10

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.

Free Flow Accounts Receivable Related Terms

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Free Flow (Free Flow) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Free Flow Inc (OTCPK:FFLO) » Definitions » Accounts Receivable

Traded in Other Exchanges

N/A

Address

6269 Caledon Road, King George, VA, USA, 22485

Website

https://www.freeflowplc.com

Free Flow Inc focuses on the business of used auto parts. It is engaged in disassembling salvaged automobiles and sells presorted automobile parts through a parts locator network. It also owns the formulation and trademark of an Aerosol named HYGIENiQ. It eliminates smoke odor, mold, and mildew and is useful in automobiles and home applications. It consists of multiple businesses which make up subsidiaries and divisions: Accurate Auto Parts, Inc; HYGIENIQ.COM; Motors and Metals, Inc.; and Citi Autos, Corp.

Executives

Sabir Saleem

director, 10 percent owner

2301 WOODLAND CROSSING DR., SUITE 155, HERNDON VA 20171