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FLES (Auto Parts 4Less Group) Accounts Receivable : $0.00 Mil (As of Oct. 2023)


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What is Auto Parts 4Less Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Auto Parts 4Less Group's accounts receivables for the quarter that ended in Oct. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Auto Parts 4Less Group's Days Sales Outstanding for the quarter that ended in Oct. 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. Auto Parts 4Less Group's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was $-3.97.


Auto Parts 4Less Group Accounts Receivable Historical Data

The historical data trend for Auto Parts 4Less 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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Auto Parts 4Less Group Accounts Receivable Chart

Auto Parts 4Less Group Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Accounts Receivable
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Auto Parts 4Less Group Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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Auto Parts 4Less Group Accounts Receivable Calculation

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


Auto Parts 4Less 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.

Auto Parts 4Less Group's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.144*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Auto Parts 4Less Group's accounts receivable are only considered to be worth 75% of book value:

Auto Parts 4Less Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=(0.012+0.75 * 0+0.5 * 0.033-28.175
-0-0)/7.082
=-3.97

* 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.


Auto Parts 4Less Group Accounts Receivable Related Terms

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Auto Parts 4Less Group Business Description

Traded in Other Exchanges
N/A
Address
106 W. Mayflower, Las Vegas, NV, USA, 89030
Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.
Executives
Christopher Dean Davenport 10 percent owner 106 W MAYFLOWER AVENUE, N. LAS VEGAS NV 89030

Auto Parts 4Less Group Headlines

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