FX International AB (XSAT:FXI) Accounts Receivable : kr0.55 Mil (As of Mar. 2024)

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What is FX International AB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FX International AB's accounts receivables for the quarter that ended in Mar. 2024 was kr0.55 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FX International AB's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was kr0.00.

FX International AB Accounts Receivable Historical Data

The historical data trend for FX International AB'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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FX International AB Accounts Receivable Chart

FX International AB Annual Data

Trend

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Accounts Receivable

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FX International AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															0.18	0.18	0.19	-	0.55

FX International AB Accounts Receivable Calculation

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

FX International AB 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.

FX International AB's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.545	/	-6.299	*	91
=

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

FX International AB's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(1.103	+	0.75 * 0.545	+	0.5 * 0	-	1.28
-	0	-	0)	/	77.9134
=	0.00

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.

FX International AB Accounts Receivable Related Terms

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FX International AB (XSAT:FXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FX International AB (XSAT:FXI) » Definitions » Accounts Receivable

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Traded in Other Exchanges

N/A

Address

Drottninggatan 62, Helsingborg, FIN, 252 21

Website

http://www.fxi.se

FX International AB is engaged in currency trading through algorithm-driven computer program with goal to maximize return on its capital for shareholders. The company's business model focuses on algorithm-driven trading using artificial intelligence within the foreign exchange market. It also have trading platform namely, Genova FX.