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Frontier Transport Holdings (JSE:FTH) Accounts Receivable : R79 Mil (As of Sep. 2023)


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What is Frontier Transport Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Frontier Transport Holdings's accounts receivables for the quarter that ended in Sep. 2023 was R79 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Frontier Transport Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 11.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Frontier Transport Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was R-0.31.


Frontier Transport Holdings Accounts Receivable Historical Data

The historical data trend for Frontier Transport Holdings'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.

Frontier Transport Holdings Accounts Receivable Chart

Frontier Transport Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial 49.51 41.04 33.38 50.69 48.62

Frontier Transport Holdings Semi-Annual Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 140.36 50.69 108.85 48.62 79.32

Frontier Transport Holdings Accounts Receivable Calculation

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


Frontier Transport Holdings 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.

Frontier Transport Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=79.323/1247.316*91
=11.61

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

Frontier Transport Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=(791.251+0.75 * 79.323+0.5 * 36.202-963.142
-0--3.484)/291.18
=-0.31

* 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.


Frontier Transport Holdings Accounts Receivable Related Terms

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Frontier Transport Holdings (JSE:FTH) Business Description

Traded in Other Exchanges
N/A
Address
103 Bofors Circle, Epping Industria, Cape Town, WC, ZAF, 7460
Frontier Transport Holdings Ltd, formerly Hosken Passenger Logistics And Rail Ltd through its subsidiary provide a scheduled commuter bus operator in the Cape Metropole. It is engaged in the provision of passenger transport services within South Africa. The company operates in the luxury and semi-luxury coach markets.

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