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Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) Accounts Receivable : ₺45.5 Mil (As of Sep. 2023)


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What is Frigo Pak Gida Maddelerin Ve Ticaret AS Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Frigo Pak Gida Maddelerin Ve Ticaret AS's accounts receivables for the quarter that ended in Sep. 2023 was ₺45.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Frigo Pak Gida Maddelerin Ve Ticaret AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 31.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Frigo Pak Gida Maddelerin Ve Ticaret AS's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₺-0.75.


Frigo Pak Gida Maddelerin Ve Ticaret AS Accounts Receivable Historical Data

The historical data trend for Frigo Pak Gida Maddelerin Ve Ticaret AS'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.

Frigo Pak Gida Maddelerin Ve Ticaret AS Accounts Receivable Chart

Frigo Pak Gida Maddelerin Ve Ticaret AS Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.17 3.22 6.79 44.52

Frigo Pak Gida Maddelerin Ve Ticaret AS Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Mar18 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 17.82 44.52 30.52 84.28 45.49

Frigo Pak Gida Maddelerin Ve Ticaret AS Accounts Receivable Calculation

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


Frigo Pak Gida Maddelerin Ve Ticaret AS 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.

Frigo Pak Gida Maddelerin Ve Ticaret AS's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=45.491/133.497*91
=31.09

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Frigo Pak Gida Maddelerin Ve Ticaret AS's accounts receivable are only considered to be worth 75% of book value:

Frigo Pak Gida Maddelerin Ve Ticaret AS's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(34.912+0.75 * 45.491+0.5 * 242.594-282.457
-0-0)/122.35
=-0.75

* 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.


Frigo Pak Gida Maddelerin Ve Ticaret AS Accounts Receivable Related Terms

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Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) Business Description

Traded in Other Exchanges
N/A
Address
Fenerbahce Mahallesi Haci Mehmet Sok. No. 24 F, Block Apartment: 21-22, Kadikoy, Istanbul, TUR
Frigo Pak Gida Maddeleri San Ve Ticaret AS is a food producer and exporter. The company manufactures gas and non-carbonated beverages, fruit juice, canned, frozen food as well as puree and sauces. It exports its products to more than 10 countries. The company products include sunpride, sunpride organic, strawberry canned, Erik canned food, mexican beans, and sour cherry.

Frigo Pak Gida Maddelerin Ve Ticaret AS (IST:FRIGO) Headlines

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