FMBRY (Famous Brands) Accounts Receivable : $29.4 Mil (As of Aug. 2024)

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What is Famous Brands Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Famous Brands's accounts receivables for the quarter that ended in Aug. 2024 was $29.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Famous Brands's Days Sales Outstanding for the quarter that ended in Aug. 2024 was 24.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Famous Brands's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was $-1.75.

Famous Brands Accounts Receivable Historical Data

The historical data trend for Famous Brands'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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Famous Brands Accounts Receivable Chart

Famous Brands Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Accounts Receivable

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31.13

28.03

25.98

24.71

26.05

Famous Brands Semi-Annual Data
	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Accounts Receivable	Get a 7-Day Free Trial															27.30	24.71	27.56	26.05	29.42

Famous Brands Accounts Receivable Calculation

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

Famous Brands 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.

Famous Brands's Days Sales Outstanding for the quarter that ended in Aug. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.423	/	222.71	*	91
=	24.11

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

Famous Brands's Net-Net Working Capital Per Share for the quarter that ended in Aug. 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)
=	(17.979	+	0.75 * 29.423	+	0.5 * 30.238	-	136.387
-	0	-	6.668)	/	50.101
=	-1.75

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.

Famous Brands Accounts Receivable Related Terms

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Famous Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Famous Brands Ltd (OTCPK:FMBRY) » Definitions » Accounts Receivable

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FBR:South Africa

Address

478 James Crescent, P.O. Box 2884, Halfway House, Midrand, GT, ZAF, 1685

Website

https://www.famousbrands.co.za

Famous Brands Ltd owns a portfolio of roughly 30 restaurant chains in Africa and the United Kingdom. Its brands include Steers, Wimpy, Debonairs Pizza, Fishaways, Mr Biggs, and Mugg & Bean. Franchisees operate all of the company's restaurants. Most of the company's revenue comes from its supply chain segment, which is responsible for manufacturing restaurant items and delivering the products to the company's franchisees and other customers. More than three fourths of Famous Brands' restaurants are in South Africa.