FRP Advisory Group (LSE:FRP) Accounts Receivable : £7.6 Mil (As of Oct. 2023)

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What is FRP Advisory Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FRP Advisory Group's accounts receivables for the quarter that ended in Oct. 2023 was £7.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FRP Advisory Group's Days Sales Outstanding for the quarter that ended in Oct. 2023 was 23.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FRP Advisory Group's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was £-0.08.

FRP Advisory Group Accounts Receivable Historical Data

The historical data trend for FRP Advisory Group'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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FRP Advisory Group Accounts Receivable Chart

FRP Advisory Group Annual Data

Trend

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Receivable

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3.23

3.39

4.86

7.20

7.90

FRP Advisory Group Semi-Annual Data
	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Accounts Receivable	Get a 7-Day Free Trial								7.74	7.20	6.00	7.90	7.60

FRP Advisory Group Accounts Receivable Calculation

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

FRP Advisory Group 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.

FRP Advisory Group's Days Sales Outstanding for the quarter that ended in Oct. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.6	/	58.7	*	91
=	23.63

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

FRP Advisory Group's Net-Net Working Capital Per Share for the quarter that ended in Oct. 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)
=	(15.7	+	0.75 * 7.6	+	0.5 * 0	-	41.8
-	0	-	0)	/	250.933
=	-0.08

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.

FRP Advisory Group Accounts Receivable Related Terms

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FRP Advisory Group (LSE:FRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FRP Advisory Group PLC (LSE:FRP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

6S6:Germany

Address

110 Cannon Street, London, GBR, EC4N 6EU

Website

https://www.frpadvisory.com

FRP Advisory Group PLC is a professional services firm offering advisory services to companies, lenders, investors, and other stakeholders, as well as individuals. The company's services include Restructuring advisory; Corporate finance; Debt advisory; Forensic services; and Pension advisory. The group's revenue is derived from the provision of specialist business and advisory services. It advises across multiple sectors and all business sizes, principally servicing smaller and mid-market companies.

FRP Advisory Group (LSE:FRP) Headlines

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