FIGI (Freedom Internet Group) Accounts Receivable : $0.00 Mil (As of Jan. 2023)

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What is Freedom Internet Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Freedom Internet Group's accounts receivables for the quarter that ended in Jan. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Freedom Internet Group's Days Sales Outstanding for the quarter that ended in Jan. 2023 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. Freedom Internet Group's Net-Net Working Capital per share for the quarter that ended in Jan. 2023 was $0.02.

Freedom Internet Group Accounts Receivable Historical Data

The historical data trend for Freedom Internet Group'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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Freedom Internet Group Accounts Receivable Chart

Freedom Internet Group Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Accounts Receivable

Freedom Internet Group Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Accounts Receivable	Get a 7-Day Free Trial									-	-	-	-	-

Freedom Internet Group Accounts Receivable Calculation

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

Freedom Internet Group 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.

Freedom Internet Group's Days Sales Outstanding for the quarter that ended in Jan. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.02	*	91
=	0.00

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

Freedom Internet Group's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(0.276	+	0.75 * 0	+	0.5 * 0	-	0.022
-	0	-	0)	/	11.1322
=	0.02

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.

Freedom Internet Group Accounts Receivable Related Terms

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Freedom Internet Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Freedom Internet Group Inc (OTCPK:FIGI) » Definitions » Accounts Receivable

Comparable Companies

NISN AHG LMFA PT BWMY DXF SNTG JT WEIDY AIHS V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

151 Calle San Francisco, Suite 200, San Juan, PRI, 00901

Website

https://www.figiroyalty.com

Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.

Executives

Noah Rosenfarb	director, 10 percent owner, officer: CFO	12178 NW 69TH CT PARKLAND FL 33076
Ronald Rosenfarb	director, officer: COO	4123 ISLA VERDE AVE APT 1505 CAROLINA PR 00979
Alton Chapman	director, 10 percent owner, officer: CEO	3460 KINGSBORO RD NE APT 640 ATLANTA GA 30326

Freedom Internet Group Headlines

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