Fox-Wizel (XTAE:FOX) Accounts Receivable : ₪431 Mil (As of Dec. 2023)

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What is Fox-Wizel Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fox-Wizel's accounts receivables for the quarter that ended in Dec. 2023 was ₪431 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fox-Wizel's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 27.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fox-Wizel's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₪-249.48.

Fox-Wizel Accounts Receivable Historical Data

The historical data trend for Fox-Wizel'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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Fox-Wizel Accounts Receivable Chart

Fox-Wizel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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306.87

358.89

394.22

414.78

430.94

Fox-Wizel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															414.78	431.72	421.33	406.97	430.94

Fox-Wizel Accounts Receivable Calculation

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

Fox-Wizel 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.

Fox-Wizel's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	430.939	/	1447.221	*	91
=	27.17

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

Fox-Wizel'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)
=	(1828.841	+	0.75 * 430.939	+	0.5 * 1058.064	-	5439.184
-	0	-	678.218)	/	13.7742
=	-249.48

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.

Fox-Wizel Accounts Receivable Related Terms

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Fox-Wizel (XTAE:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fox-Wizel Ltd (XTAE:FOX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hermon Street, POB 76 Ben Gurion Airport, Airport City, ISR, 70100

Website

http://www.fox.co.il

Fox-Wizel Ltd is an Israel-based company which is engaged in apparel manufacturing. The company business activities include design, production distribution, marketing and selling of fashion apparel for men, women, and children; housewares and textile products; footwear, bags, and accessories. It is also engaged in the production of soaps, candles, bath and aromatic products. The company owns a number of brands including Fox, American Eagle, Aerie, TCP, Charles & Keith, Laline and Mango. It organizes its business into two segments namely fashion and home fashion and aromatic bath and body care products. The company operates its business across the globe. It generates the majority of its revenue from Israel.