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Fidelity China Special Situations (LSE:FCSS) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is Fidelity China Special Situations Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fidelity China Special Situations's accounts receivables for the quarter that ended in Sep. 2023 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. Fidelity China Special Situations's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.11.


Fidelity China Special Situations Accounts Receivable Historical Data

The historical data trend for Fidelity China Special Situations'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.

Fidelity China Special Situations Accounts Receivable Chart

Fidelity China Special Situations Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
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Fidelity China Special Situations Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Fidelity China Special Situations Accounts Receivable Calculation

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


Fidelity China Special Situations 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.

Fidelity China Special Situations's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-146.386*91
=

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

Fidelity China Special Situations'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)
=(51.258+0.75 * 0+0.5 * 0-102.805
-0-0)/476.524
=-0.11

* 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.


Fidelity China Special Situations Accounts Receivable Related Terms

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Fidelity China Special Situations (LSE:FCSS) Business Description

Traded in Other Exchanges
Address
Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, GBR, KT20 6RP
Fidelity China Special Situations PLC is an investment company. Its investment objective is to achieve long-term capital growth from an actively managed portfolio. The company focuses on investing in securities issued by companies listed in China or Hong Kong and any other Chinese companies listed elsewhere as well as the companies which have interests in China and Hong Kong. Its portfolio consists of various financial instruments such as equities, index-linked, equity-linked and other debt securities, cash deposits, money market instruments, foreign currency exchange transactions, equity-related securities, forward transactions, and derivative instruments. The company may use gearing such as Contracts for Difference to meet its determined investment goals.

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