Formula Systems (1985) (Formula Systems (1985)) Change In Receivables : $0 Mil (TTM As of Sep. 2023)

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What is Formula Systems (1985) Change In Receivables?

Formula Systems (1985)'s change in receivables for the quarter that ended in Sep. 2023 was $0 Mil. It means Formula Systems (1985)'s Accounts Receivable stayed the same from Jun. 2023 to Sep. 2023 .

Formula Systems (1985)'s change in receivables for the fiscal year that ended in Dec. 2022 was $-49 Mil. It means Formula Systems (1985)'s Accounts Receivable increased by $49 Mil from Dec. 2021 to Dec. 2022 .

Formula Systems (1985)'s Accounts Receivable for the quarter that ended in Sep. 2023 was $693 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. Formula Systems (1985)'s Days Sales Outstanding for the three months ended in Sep. 2023 was 96.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Formula Systems (1985)'s liquidation value for the three months ended in Sep. 2023 was $-423 Mil.

Formula Systems (1985) Change In Receivables Historical Data

The historical data trend for Formula Systems (1985)'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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Formula Systems (1985) Change In Receivables Chart

Formula Systems (1985) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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28.96

32.05

-130.31

-48.77

Formula Systems (1985) 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															-	-	-	-	-

Formula Systems (1985) 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Formula Systems (1985) (NAS:FORTY) 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.

Formula Systems (1985)'s Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	692.798	/	654.839	*	91
=	96.54

2. In Ben Graham's calculation of liquidation value, Formula Systems (1985)'s accounts receivable are only considered to be worth 75% of book value:

Formula Systems (1985)'s liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	469.11	-	1430.418	+	0.75 * 692.798	+	0.5 * 37.156
=	-423

Formula Systems (1985) Change In Receivables Related Terms

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Formula Systems (1985) (Formula Systems (1985)) Business Description

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FORTY:Israel FSY:Germany FSY:Germany

Address

Yahadut Canada 1 Street, Or Yehuda, Tel Aviv, ISR, 6037501

Website

https://www.formulasystems.com

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into three primary segments based on the subsidiary. The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, IT technology, and marketing and sales. Michpal; ZAP Group and Others. The majority of the company's revenue comes from Israel.