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FreeMs (XKRX:053160) Accounts Receivable : ₩797 Mil (As of Sep. 2024)


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What is FreeMs Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FreeMs's accounts receivables for the quarter that ended in Sep. 2024 was ₩797 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FreeMs's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 20.82.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FreeMs's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was ₩5,340.28.


FreeMs Accounts Receivable Historical Data

The historical data trend for FreeMs'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.

* Premium members only.

FreeMs Accounts Receivable Chart

FreeMs 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 1,562.06 1,769.91 1,872.31 1,310.88 593.07

FreeMs Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 650.20 593.07 1,613.87 1,956.06 796.68

FreeMs Accounts Receivable Calculation

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


FreeMs 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.

FreeMs's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=796.675/3491.795*91
=20.82

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

FreeMs's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 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)
=(30042.633+0.75 * 796.675+0.5 * 5614.891-4823.676
-0-0)/5.360
=5,340.28

* 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.


FreeMs Accounts Receivable Related Terms

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FreeMs Business Description

Traded in Other Exchanges
N/A
Address
14, Samjak-ro 178beon-gil, Ojeong-gu, Gyeonggi-do, Bucheon-si, KOR, 421-160
FreeMs Corp is a Korean manufacturer of Wire harness, Main control unit (MCU), Cluster (Panel Guage) in the construction and heavy industrial equipment fields. The organization is also involved in the business with EMS (Electronic manufacturing services) such as cash dispensing machine, ATM and automatic bill payment machine. The organization offered products have applications in industrial vehicles, CNG engines, construction machineries, agricultural machineries, railroad and others. The EMS business also provides OEM services for banking terminal units such as passbook printers, cash dispensers and horse racing ticket dispensers, and surface mounting technology service products such as LCD modules for mobile phones and LED board assemblies.

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