iFIT Health & Fitness (iFIT Health & Fitness) Accounts Receivable : $74 Mil (As of May. 2020)

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What is iFIT Health & Fitness Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. iFIT Health & Fitness's accounts receivables for the quarter that ended in May. 2020 was $74 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. iFIT Health & Fitness's Net-Net Working Capital per share for the quarter that ended in May. 2020 was $-1.10.

iFIT Health & Fitness Accounts Receivable Historical Data

The historical data trend for iFIT Health & Fitness'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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iFIT Health & Fitness Accounts Receivable Chart

iFIT Health & Fitness Annual Data

Trend

May19

May20

May21

Accounts Receivable

73.83

167.30

iFIT Health & Fitness Quarterly Data
	May19	May20	May21
Accounts Receivable	-	73.83	167.30

iFIT Health & Fitness Accounts Receivable Calculation

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

iFIT Health & Fitness 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.

iFIT Health & Fitness's Days Sales Outstanding for the quarter that ended in May. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	73.828	/	0	*	91
=

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

iFIT Health & Fitness's Net-Net Working Capital Per Share for the quarter that ended in May. 2020 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)
=	(110.244	+	0.75 * 73.828	+	0.5 * 81.581	-	553.285
-	0	-	0)	/	314.891
=	-1.10

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.

iFIT Health & Fitness Accounts Receivable Related Terms

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iFIT Health & Fitness (iFIT Health & Fitness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » iFIT Health & Fitness Inc (NAS:IFIT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1500 South 1000 West, Logan, UT, USA, 84321

Website

https://www.ifit.com

iFIT Health & Fitness Inc is a health and fitness subscription technology company. It is an integrated health and fitness platform, designed to connect proprietary software, experiential content, and interactive hardware to deliver an unmatched connected fitness experience. It has two segments. The Interactive Fitness Products segment, which is the key revenue driver, derives revenue from the sale of the treadmills, bikes, ellipticals, rowers, climbers, strength equipment, fitness mirrors, yoga equipment, and accessories. The Subscription segment derives revenue from iFIT subscriptions and the sale of extended warranties on the fitness equipment.