Financials Acquisition (LSE:FINS) Accounts Receivable : £0.05 Mil (As of Jun. 2023)

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What is Financials Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Financials Acquisition's accounts receivables for the quarter that ended in Jun. 2023 was £0.05 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Financials Acquisition's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 3.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Financials Acquisition's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was £N/A.

Financials Acquisition Accounts Receivable Historical Data

The historical data trend for Financials 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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Financials Acquisition Accounts Receivable Chart

Financials Acquisition Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.07

Financials Acquisition Semi-Annual Data
	Jun23
Accounts Receivable	0.05

Financials Acquisition Accounts Receivable Calculation

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

Financials 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.

Financials Acquisition's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.052	/	2.95	*	91
=	3.22

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

Financials Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(0.084	+	0.75 * 0.052	+	0.5 * 0	-	150.901
-	0	-	0)	/	0
=	N/A

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.

Financials Acquisition Accounts Receivable Related Terms

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Financials Acquisition (LSE:FINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financials Acquisition Corp (LSE:FINS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Conyers Trust Company (Cayman) Ltd, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, CYM, KY1-1111

Website

https://www.finsac.co.uk

Financials Acquisition Corp is a special purpose acquisition company incorporated under the laws of the Cayman Islands as an exempted company limited by shares for the purpose of completing a Business Combination with a company or business operating principally in the insurance or broader financial services industry.