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Fuller Smith & Turner (LSE:FSTA) Accounts Receivable : £10.3 Mil (As of Sep. 2023)


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What is Fuller Smith & Turner Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fuller Smith & Turner's accounts receivables for the quarter that ended in Sep. 2023 was £10.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fuller Smith & Turner's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 9.96.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fuller Smith & Turner's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-4.28.


Fuller Smith & Turner Accounts Receivable Historical Data

The historical data trend for Fuller Smith & Turner'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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Fuller Smith & Turner Accounts Receivable Chart

Fuller Smith & Turner Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.60 2.40 2.10 1.60 1.60

Fuller Smith & Turner Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.40 1.60 17.90 1.60 10.30

Fuller Smith & Turner Accounts Receivable Calculation

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


Fuller Smith & Turner 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.

Fuller Smith & Turner's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=10.3/188.8*91
=9.96

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

Fuller Smith & Turner'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)
=(10.2+0.75 * 10.3+0.5 * 4-277.2
-0-0)/60.1746
=-4.28

* 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.


Fuller Smith & Turner Accounts Receivable Related Terms

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Fuller Smith & Turner (LSE:FSTA) Business Description

Traded in Other Exchanges
Address
86-93 Strand-on-the-Green, Pier House, London, GBR, W4 3NN
Fuller Smith & Turner PLC is a family-owned operator of pubs and hotels in the United Kingdom. The company functions through two segments: Managed Pubs and Hotels and Tenanted Inns. Managed Pubs and Hotels, which comprises managed pubs, managed hotels, Bel & The Dragon, and Cotswold Inns & Hotels. Tenanted Inns, which comprises pubs operated by third parties under tenancy or lease agreements. Managed Pubs and Hotels segment generates most of the revenue for the company.

Fuller Smith & Turner (LSE:FSTA) Headlines