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ForFarmers NV (XAMS:FFARM) Accounts Receivable : €245 Mil (As of Dec. 2023)


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What is ForFarmers NV Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. ForFarmers NV's accounts receivables for the quarter that ended in Dec. 2023 was €245 Mil.

Accounts receivable can be measured by Days Sales Outstanding. ForFarmers NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. ForFarmers NV's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-2.76.


ForFarmers NV Accounts Receivable Historical Data

The historical data trend for ForFarmers NV'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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ForFarmers NV Accounts Receivable Chart

ForFarmers NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 228.78 215.66 273.40 330.70 244.70

ForFarmers NV Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 273.40 345.48 330.70 281.60 244.70

ForFarmers NV Accounts Receivable Calculation

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


ForFarmers NV 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.

ForFarmers NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=244.7/1368.2*91
=32.64

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

ForFarmers NV's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(46.5+0.75 * 244.7+0.5 * 108.7-520.4
-0-8.9)/88.7765
=-2.76

* 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.


ForFarmers NV Accounts Receivable Related Terms

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ForFarmers NV (XAMS:FFARM) Business Description

Traded in Other Exchanges
Address
Kwinkweerd 12, Lochem, NLD, 7241 CW
ForFarmers NV is a feed company, active in North-West Europe. Its business operations comprise sourcing of ingredients, production, and sale of feed products, the sale of crop products, and associated outbound logistics. It also offers complementary services including advice on animal nutrition and livestock farming and assistance with farm management and business development. The company has Ruminant, Swine, Poultry and Horse, Goat, and Sheep segments. It operates in the Netherlands, Germany, Belgium, Poland, and the United Kingdom.

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