FORMETAL Co (XKRX:119500) Change In Receivables : ₩1,565 Mil (TTM As of Mar. 2024)

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What is FORMETAL Co Change In Receivables?

FORMETAL Co's change in receivables for the quarter that ended in Mar. 2024 was ₩-595 Mil. It means FORMETAL Co's Accounts Receivable increased by ₩595 Mil from Dec. 2023 to Mar. 2024 .

FORMETAL Co's change in receivables for the fiscal year that ended in Dec. 2023 was ₩1,892 Mil. It means FORMETAL Co's Accounts Receivable declined by ₩1,892 Mil from Dec. 2022 to Dec. 2023 .

FORMETAL Co's Accounts Receivable for the quarter that ended in Mar. 2024 was ₩11,471 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. FORMETAL Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.63.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FORMETAL Co's liquidation value for the three months ended in Mar. 2024 was ₩-557 Mil.

FORMETAL Co Change In Receivables Historical Data

The historical data trend for FORMETAL Co'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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FORMETAL Co Change In Receivables Chart

FORMETAL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-336.53

-645.42

-2,318.56

-368.73

1,892.35

FORMETAL Co 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															-267.21	48.45	1,946.43	164.68	-594.95

FORMETAL Co 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 ₩1,565 Mil.

FORMETAL Co (XKRX:119500) 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.

FORMETAL Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	11471.438	/	16449.978	*	91
=	63.63

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

FORMETAL Co'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)
=	1901.303	-	16309.482	+	0.75 * 11471.438	+	0.5 * 10495.969
=	-557

FORMETAL Co Change In Receivables Related Terms

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FORMETAL Co (XKRX:119500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

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