Fresh Del Monte Produce (Fresh Del Monte Produce) Change In Receivables : $-19 Mil (TTM As of Dec. 2023)

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What is Fresh Del Monte Produce Change In Receivables?

Fresh Del Monte Produce's change in receivables for the quarter that ended in Dec. 2023 was $-12 Mil. It means Fresh Del Monte Produce's Accounts Receivable increased by $12 Mil from Sep. 2023 to Dec. 2023 .

Fresh Del Monte Produce's change in receivables for the fiscal year that ended in Dec. 2023 was $-19 Mil. It means Fresh Del Monte Produce's Accounts Receivable increased by $19 Mil from Dec. 2022 to Dec. 2023 .

Fresh Del Monte Produce's Accounts Receivable for the quarter that ended in Dec. 2023 was $387 Mil.

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 Receivable are being managed. Fresh Del Monte Produce's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fresh Del Monte Produce's liquidation value for the three months ended in Dec. 2023 was $-647 Mil.

Fresh Del Monte Produce Change In Receivables Historical Data

The historical data trend for Fresh Del Monte Produce's Change In Receivables 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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Fresh Del Monte Produce Change In Receivables Chart

Fresh Del Monte Produce Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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22.10

16.10

-13.90

-37.40

-19.30

Fresh Del Monte Produce Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-13.30	-50.60	6.30	37.20	-12.20

Fresh Del Monte Produce Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-19 Mil.

Fresh Del Monte Produce (NYSE:FDP) Change In Receivables 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 Receivable are being managed.

Fresh Del Monte Produce's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	387	/	1008.6	*	91
=	35.01

2. In Ben Graham's calculation of liquidation value, Fresh Del Monte Produce's accounts receivable are only considered to be worth 75% of book value:

Fresh Del Monte Produce's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	33.8	-	1271.4	+	0.75 * 387	+	0.5 * 599.9
=	-647

Fresh Del Monte Produce Change In Receivables Related Terms

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Fresh Del Monte Produce (Fresh Del Monte Produce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fresh Del Monte Produce Inc (NYSE:FDP) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

87 Mary Street, George Town, P.O. Box 698, 4th Floor, Apollo House, c/o H&C Corporate Services Ltd, Grand Cayman, CYM, KY1-1107

Website

https://www.freshdelmonte.com

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of high-quality & fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.

Executives

Jesus Rodriguez Calvo	officer: SVP, NA Sales & Marketing	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Tarek Ahmad Betti	officer: Chief Human Resources Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Michael J Berthelot	director	P O BOX 7277, RANCHO SANTA FE CA 92067
Mohammed Abbas	officer: V.P. Middle East and N. Africa	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134
Monica Vicente	officer: SVP, Chief Financial Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Effie D Silva	officer: SVP, General Counsel & Secy	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Reyes Jorge Pelaez	officer: VP, Central America	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Sergio Mancilla	officer: VP South America	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Hans Sauter	officer: SVP, R&D and Agriculture	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114
Ziad Nabulsi	officer: SVP, North American Operations	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Helmuth Lutty	officer: SVP, Shipping Operations	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Gianpaolo Renino	officer: V.P. Europe and Africa	C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134
Mohammad Abu-ghazaleh	director, 10 percent owner, officer: Chief Executive Officer	P.O. BOX 149222, CORAL GABLES FL 33114-9222
Eduardo Guarita Bezerra	officer: SVP and CFO	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33134
Marlene Gordon	officer: SVP, General Counsel	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134