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FTAC Athena Acquisition (FTAC Athena Acquisition) Accounts Receivable : $0.00 Mil (As of Sep. 2022)


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What is FTAC Athena Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FTAC Athena Acquisition's accounts receivables for the quarter that ended in Sep. 2022 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FTAC Athena Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $N/A.

FTAC Athena Acquisition Accounts Receivable Historical Data

The historical data trend for FTAC Athena Acquisition'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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FTAC Athena Acquisition Accounts Receivable Chart

FTAC Athena Acquisition Annual Data
Trend Dec20 Dec21
Accounts Receivable
- -

FTAC Athena Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Accounts Receivable Get a 7-Day Free Trial - - - - -

FTAC Athena Acquisition Accounts Receivable Calculation

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

FTAC Athena Acquisition 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.

FTAC Athena Acquisition's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

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

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

FTAC Athena Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=(0.083+0.75 * 0+0.5 * 0-12.382
-0-0)/0
=N/A

* 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.

FTAC Athena Acquisition Accounts Receivable Related Terms

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FTAC Athena Acquisition (FTAC Athena Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Athena Acquisition Corp (NAS:FTAAU) » Definitions » Accounts Receivable
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Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Athena Acquisition Corp is a blank check company.
Executives
Candice N Bednar director 2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Douglas Listman officer: CFO and Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Mei Mei Tuan director C/O THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke director 8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Betsy Z Cohen director, 10 percent owner
Amanda J Abrams 10 percent owner, officer: Chief Executive Officer 1000 CONTINENTAL DRIVE, SUITE 300, KING OF PRUSSIA PA 19406
Ftac Athena Advisors, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Athena Sponsor, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Jewelle Bickford director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Leah Popowich director 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104