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Family Dollar Stores (FRA:FAY) Accounts Receivable : €0 Mil (As of May. 2015)


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What is Family Dollar Stores Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Family Dollar Stores's accounts receivables for the quarter that ended in May. 2015 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Family Dollar Stores's Days Sales Outstanding for the quarter that ended in May. 2015 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. Family Dollar Stores's Net-Net Working Capital per share for the quarter that ended in May. 2015 was €-8.15.


Family Dollar Stores Accounts Receivable Historical Data

The historical data trend for Family Dollar Stores'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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Family Dollar Stores Accounts Receivable Chart

Family Dollar Stores Annual Data
Trend Aug05 Aug06 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14
Accounts Receivable
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Family Dollar Stores Quarterly Data
Aug10 Nov10 Feb11 May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15
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Family Dollar Stores Accounts Receivable Calculation

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


Family Dollar Stores 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.

Family Dollar Stores's Days Sales Outstanding for the quarter that ended in May. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/2441.718*91
=0.00

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

Family Dollar Stores's Net-Net Working Capital Per Share for the quarter that ended in May. 2015 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)
=(196.896+0.75 * 0+0.5 * 1460.573-1860.689
-0-0)/114.514
=-8.15

* 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.


Family Dollar Stores Accounts Receivable Related Terms

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Family Dollar Stores (FRA:FAY) Business Description

Traded in Other Exchanges
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Address
Family Dollar Stores Inc was incorporated in November 1959. The Company provides consumers with a selection of competitively priced merchandise in convenient neighbourhood stores. Its merchandise assortment includes Consumables, Home Products, Apparel and Accessories, and Seasonal and Electronics. It classifies the combination of Home Products, Apparel and Accessories, and Seasonal and Electronics as Discretionary. It operates general merchandise retail discount stores in 46 states, serving the basic needs of customers primarily in the low- and middle-income brackets. The stores are supported by 11 distribution centers and one Store Support Center. It competes for sales and store locations in varying degrees with international, national, regional and local retailing establishments, other discount stores, department stores, variety stores, dollar stores, discount clothing stores, drug stores, grocery stores, convenience stores, outlet stores, warehouse stores and other stores. The Company's trademark includes Family Dollar and Family Dollar Stores. Its business is subject to federal, state, local, and international laws, rules, and regulations, such as state and local wage and hour laws, anti-corruption laws, import and export laws, unclaimed property laws, and many others.

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