FGI Industries (FGI Industries) Accounts Receivable : $15.7 Mil (As of Mar. 2024)

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What is FGI Industries Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FGI Industries's accounts receivables for the quarter that ended in Mar. 2024 was $15.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FGI Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 46.72.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FGI Industries's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-2.50.

FGI Industries Accounts Receivable Historical Data

The historical data trend for FGI Industries'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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FGI Industries Accounts Receivable Chart

FGI Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

15.67

17.34

26.35

14.30

16.20

FGI Industries Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial											12.11	14.31	16.60	16.20	15.75

FGI Industries Accounts Receivable Calculation

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

FGI Industries 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.

FGI Industries's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.745	/	30.754	*	91
=	46.72

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

FGI Industries's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(3.319	+	0.75 * 15.745	+	0.5 * 11.551	-	45.049
-	0	-	-0.28)	/	9.54761
=	-2.50

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.

FGI Industries Accounts Receivable Related Terms

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FGI Industries (FGI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

906 Murray Road, East Hanover, NJ, USA, 07869

Website

https://www.fgi-industries.com

FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.

Executives

Todd M. Heysse	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen	director, officer: Executive Chairman	906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce	director, officer: Chief Executive Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl	officer: Executive VP, Canada	906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin	officer: Chief Financial Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz	officer: Executive VP, United States	906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd	10 percent owner	906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke	officer: Executive VP, Europe	906 MURRAY ROAD, EAST HANOVER NJ 07869