Firm Capital Apartment REIT (TSXV:FCA.UN) Change In Receivables : C$0.63 Mil (TTM As of Mar. 2024)

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What is Firm Capital Apartment REIT Change In Receivables?

Firm Capital Apartment REIT's change in receivables for the quarter that ended in Mar. 2024 was C$-0.04 Mil. It means Firm Capital Apartment REIT's Accounts Receivable increased by C$0.04 Mil from Dec. 2023 to Mar. 2024 .

Firm Capital Apartment REIT's change in receivables for the fiscal year that ended in Dec. 2023 was C$0.52 Mil. It means Firm Capital Apartment REIT's Accounts Receivable declined by C$0.52 Mil from Dec. 2022 to Dec. 2023 .

Firm Capital Apartment REIT's Accounts Receivable for the quarter that ended in Mar. 2024 was C$0.43 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. Firm Capital Apartment REIT's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Firm Capital Apartment REIT's liquidation value for the three months ended in Mar. 2024 was C$-79.14 Mil.

Firm Capital Apartment REIT Change In Receivables Historical Data

The historical data trend for Firm Capital Apartment REIT'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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Firm Capital Apartment REIT Change In Receivables Chart

Firm Capital Apartment REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.05

-2.17

1.80

0.36

0.52

Firm Capital Apartment REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.15	0.21	0.38	0.08	-0.04

Firm Capital Apartment REIT 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.63 Mil.

Firm Capital Apartment REIT (TSXV:FCA.UN) 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.

Firm Capital Apartment REIT's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.428	/	3.439	*	91
=	11.36

2. In Ben Graham's calculation of liquidation value, Firm Capital Apartment REIT's accounts receivable are only considered to be worth 75% of book value:

Firm Capital Apartment REIT's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	16.234	-	95.695	+	0.75 * 0.428	+	0.5 * 0
=	-79.14

Firm Capital Apartment REIT Change In Receivables Related Terms

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Firm Capital Apartment REIT (TSXV:FCA.UN) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Firm Capital Apartment REIT (TSXV:FCA.UN) » Definitions » Change In Receivables

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FCA.U:Canada

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Apartment REIT is a multi-residential real estate investment entity that pursues real estate and debt investments through two platforms namely Income Producing Real Estate Investments that acquire income-producing real estate assets in cities across the United States, and Mortgage Debt Investments that provide multi-residential real estate debt and equity lending platform in cities across the United States focused on providing all forms of bridge mortgage loans and joint venture capital. The Trust has a portfolio in two geographical areas; the U.S. Sunbelt which includes properties in Texas, Florida and Georgia. This represents 67% of the Investment Portfolio. The U.S. Northeast includes properties in New York, New Jersey, Maryland, and Connecticut.

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