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FLYE (Fly-E Group) Accounts Receivable : $0.37 Mil (As of Jun. 2024)


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What is Fly-E Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fly-E Group's accounts receivables for the quarter that ended in Jun. 2024 was $0.37 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fly-E Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 was 4.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fly-E Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-0.51.

Fly-E Group Accounts Receivable Historical Data

The historical data trend for Fly-E 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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Fly-E Group Accounts Receivable Chart

Fly-E Group Annual Data
Trend Mar22 Mar23 Mar24
Accounts Receivable
0.05 0.39 0.21

Fly-E Group Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.85 0.59 0.21 0.37

Fly-E Group Accounts Receivable Calculation

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

Fly-E 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.

Fly-E Group's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.372/7.873*91
=4.31

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

Fly-E Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(4.468+0.75 * 0.372+0.5 * 6.089-20.228
-0-0)/24.5875
=-0.51

* 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.

Fly-E Group Accounts Receivable Related Terms

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Fly-E Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Accounts Receivable
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Traded in Other Exchanges
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Address
136-40 39th Avenue, Flushing, New York, NY, USA, 11354
Website
https://www.flyebike.com
Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. It also provides connectivity solutions and value-added services to their customers.