FTDL (FirsTime Design) Accounts Receivable: $1.56 Mil (As of Dec. 2012)

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What is FirsTime Design Accounts Receivable?

FirsTime Design FTDL Accounts Receivable is $1.56 Mil as of Dec. 2012.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FirsTime Design's accounts receivables for the quarter that ended in Dec. 2012 was $1.56 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FirsTime Design's Days Sales Outstanding for the quarter that ended in Dec. 2012 was 54.47.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FirsTime Design's Net-Net Working Capital per share for the quarter that ended in Dec. 2012 was $1.49.

FirsTime Design 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.

FirsTime Design's Days Sales Outstanding for the quarter that ended in Dec. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.558/2.61*91
=54.47

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

FirsTime Design's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2012 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)
=(1.493+0.75 * 1.558+0.5 * 1.039-0.902
-0-0)/1.525
=1.49

* 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.

FirsTime Design Accounts Receivable Related Terms

FirsTime Design Accounts Receivable Historical Data

* Premium members only.

The historical data trend for FirsTime Design'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.

FirsTime Design Accounts Receivable Chart

FirsTime Design Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.61 2.11 1.41 1.01 1.56

FirsTime Design Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 1.01 1.38 1.66 1.63 1.56

FirsTime Design Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $1.56 Mil mean?
FirsTime Design (FTDL) has a Accounts Receivable of $1.56 Mil as of Dec. 2012. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on FirsTime Design and its competitors.
Is FirsTime Design's Accounts Receivable too high?
FirsTime Design's current Accounts Receivable is $1.56 Mil.
How does FirsTime Design's Accounts Receivable compare to EFOI?
FirsTime Design's Accounts Receivable of $1.56 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Furnishings, Fixtures & Appliances company?
A good Accounts Receivable depends on the Furnishings, Fixtures & Appliances industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on FirsTime Design and its competitors. FirsTime Design's current Accounts Receivable is $1.56 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FirsTime Design stock overvalued right now?
FirsTime Design (FTDL) has a current Accounts Receivable of $1.56 Mil. The current Accounts Receivable is $1.56 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For FirsTime Design (FTDL), the current Accounts Receivable is $1.56 Mil as of Dec. 2012. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FirsTime Design Business Description

Address W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.