Fintech Select (TSXV:FTEC) Change In Receivables : C$-0.00 Mil (TTM As of Dec. 2023)

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What is Fintech Select Change In Receivables?

Fintech Select's change in receivables for the quarter that ended in Dec. 2023 was C$0.03 Mil. It means Fintech Select's Accounts Receivable declined by C$0.03 Mil from Sep. 2023 to Dec. 2023 .

Fintech Select's change in receivables for the fiscal year that ended in Dec. 2023 was C$-0.00 Mil. It means Fintech Select's Accounts Receivable increased by C$0.00 Mil from Dec. 2022 to Dec. 2023 .

Fintech Select's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.15 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. Fintech Select's Days Sales Outstanding for the three months ended in Dec. 2023 was 20.54.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fintech Select's liquidation value for the three months ended in Dec. 2023 was C$-0.94 Mil.

Fintech Select Change In Receivables Historical Data

The historical data trend for Fintech Select'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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Fintech Select Change In Receivables Chart

Fintech Select Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.06

-0.10

0.07

0.01

Fintech Select 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															-0.01	-0.23	0.10	0.09	0.03

Fintech Select 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 C$-0.00 Mil.

Fintech Select (TSXV:FTEC) 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.

Fintech Select's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.147	/	0.653	*	91
=	20.54

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

Fintech Select'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)
=	0.295	-	1.342	+	0.75 * 0.147	+	0.5 * 0
=	-0.94

Fintech Select Change In Receivables Related Terms

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Fintech Select (TSXV:FTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fintech Select Ltd (TSXV:FTEC) » Definitions » Change In Receivables

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Traded in Other Exchanges

SLXXF:USA Z1S1:Germany

Address

100 King Street W, Unit T201A, Chatham, ON, CAN, N7M 6A9

Website

https://www.fintechselect.com

Fintech Select Ltd is a provider of prepaid card schemes, online payment platforms, and POS cryptocurrency platforms, all internally developed platforms. It also operates a multi-lingual call center that provides services to customers across all its platforms, and third-party customers. The company operated in three business segments which include Distribution, Call Center, and Financial Services. Its distribution sells prepaid wireless airtime and its Financial Services division provides prepaid debit card services.

Executives

Syed Naveed Ul Hassan

Director