Fenix Entertainment SpA (MIL:FNX) Accounts Receivable : €5.91 Mil (As of Jun. 2023)

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What is Fenix Entertainment SpA Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fenix Entertainment SpA's accounts receivables for the quarter that ended in Jun. 2023 was €5.91 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fenix Entertainment SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 144.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fenix Entertainment SpA's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was €-4.85.

Fenix Entertainment SpA Accounts Receivable Historical Data

The historical data trend for Fenix Entertainment SpA'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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Fenix Entertainment SpA Accounts Receivable Chart

Fenix Entertainment SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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2.30

2.91

31.05

6.65

Fenix Entertainment SpA Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial					31.05	30.26	6.65	5.91	-

Fenix Entertainment SpA Accounts Receivable Calculation

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

Fenix Entertainment SpA 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.

Fenix Entertainment SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.906	/	7.449	*	91
=	144.70

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

Fenix Entertainment SpA's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=	(1	+	0.75 * 5.906	+	0.5 * 0.785	-	42.862
-	0	-	0.456)	/	7.7321
=	-4.85

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.

Fenix Entertainment SpA Accounts Receivable Related Terms

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Fenix Entertainment SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fenix Entertainment SpA (MIL:FNX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sede legale Viale Giuseppe Mazzini, Rome, ITA, 134 - 00195

Website

https://www.fenixent.com

Fenix Entertainment SpA is engaged in exploitation of the distribution rights of the films acquired; production and co-production of films and soundtracks for the Italian market and distribution of the same; production and co-production of sound recordings, and their distribution; search for talented people in the film and sound sector with sponsorship e-participation in national and international events and marketing and communication.