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Fenner (Fenner) Accounts Receivable : $177.7 Mil (As of Feb. 2018)


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What is Fenner Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fenner's accounts receivables for the quarter that ended in Feb. 2018 was $177.7 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fenner's Days Sales Outstanding for the quarter that ended in Feb. 2018 was 65.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fenner's Net-Net Working Capital per share for the quarter that ended in Feb. 2018 was $-1.04.


Fenner Accounts Receivable Historical Data

The historical data trend for Fenner'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.

* Premium members only.

Fenner Accounts Receivable Chart

Fenner Annual Data
Trend Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 187.44 193.16 148.44 121.23 136.53

Fenner Semi-Annual Data
Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 154.29 121.23 141.25 136.53 177.65

Fenner Accounts Receivable Calculation

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


Fenner 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.

Fenner's Days Sales Outstanding for the quarter that ended in Feb. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=177.654/494.553*91
=65.56

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

Fenner's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2018 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)
=(135.754+0.75 * 177.654+0.5 * 128.073-536.313
-0--1.397)/194.003
=-1.04

* 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.


Fenner Accounts Receivable Related Terms

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Fenner (Fenner) Business Description

Traded in Other Exchanges
N/A
Address
Hesslewood Country, Office Park, Ferriby Road, Hessle, East Yorkshire, GBR, HU13 0PW
Fenner PLC is an UK-based company which delivers reinforced polymer technology. It is engaged in manufacturing of precision polymer products and provision of conveyor services to mines and to the operators of material handling facilities such as ports. Its products include precision drives; problem-solving power transmission and motion transfer components; silicone and complex hoses for heavy duty trucks, off-road vehicles; lay-flat hoses for firefighting, agriculture and oil & gas industries. The company also manufactures rubber ply, solid woven and steel cord conveyor belting for mining, power generation, and industrial applications. It divides its business in two segments, Advanced Engineered Products and Engineered Conveyor Solutions. It earns the majority of its revenue from Americas.

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