Fan Milk (XGHA:FML) Accounts Receivable: GHS55.1 Mil (As of Dec. 2022)

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XGHA:FML Fan Milk PLC XGHA:FML
13 GF Score
Price GHS13.23
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What is Fan Milk Accounts Receivable?

Fan Milk XGHA:FML +0.23% 13 Accounts Receivable is GHS55.1 Mil as of Dec. 2022. GuruFocus rates XGHA:FML with a GF Score™ of 13/100.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fan Milk's accounts receivables for the quarter that ended in Dec. 2022 was GHS55.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fan Milk's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 32.52.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fan Milk's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was GHS-1.73.


Fan Milk 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.

Fan Milk's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=55.148/154.757*91
=32.52

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

Fan Milk's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(61.32+0.75 * 55.148+0.5 * 150.977-378.981
-0-0)/116.207
=-1.73

* 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.


Fan Milk Accounts Receivable Related Terms


Fan Milk Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Fan Milk'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.

Fan Milk Accounts Receivable Chart

Fan Milk Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.12 12.73 17.66 28.25 55.15

Fan Milk Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Dec16 Mar17 Dec17 Dec18 Sep19 Dec19 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 28.25 165.41 176.13 185.05 55.15
XGHA:FML
13GF Score
Fan Milk PLC XGHA:FML
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fan Milk Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of GHS55.1 Mil mean?
Fan Milk (XGHA:FML) has a Accounts Receivable of GHS55.1 Mil as of Dec. 2022. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Fan Milk and its competitors.
Is Fan Milk's Accounts Receivable too high?
Fan Milk's current Accounts Receivable is GHS55.1 Mil. Overall, Fan Milk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Fan Milk's Accounts Receivable compare to KHC and GIS?
Fan Milk's Accounts Receivable of GHS55.1 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Consumer Packaged Goods company?
A good Accounts Receivable depends on the Consumer Packaged Goods industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Fan Milk and its competitors. Fan Milk's current Accounts Receivable is GHS55.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fan Milk stock overvalued right now?
Fan Milk (XGHA:FML) has a current Accounts Receivable of GHS55.1 Mil. The current Accounts Receivable is GHS55.1 Mil. Fan Milk's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Fan Milk (XGHA:FML), the current Accounts Receivable is GHS55.1 Mil as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fan Milk Business Description

Address Airport Commercial Centre, 2nd Floor, Grand Oyeman Building, Accra, GHA
Fan Milk PLC engages in the manufacturing and distribution of dairy products and fruit drinks. The company's milk-based products consist of frozen ice creams, chocolate, and yoghurt that includes FanYogo (yoghurt), FanChoco (chocolate), and FanIce (ice cream). Its fruit-based products include FanDango (fruit drink) and FanPop. It distributes its products through independent distributors and agents. The majority of the revenue is derived from the manufacturing and distribution of dairy products and fruit drinks.
13GF Score

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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS13.23
Price