Fortress Investment Group LLC (Fortress Investment Group LLC) Accounts Receivable : $0 Mil (As of Sep. 2017)

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What is Fortress Investment Group LLC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortress Investment Group LLC's accounts receivables for the quarter that ended in Sep. 2017 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortress Investment Group LLC's Days Sales Outstanding for the quarter that ended in Sep. 2017 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortress Investment Group LLC's Net-Net Working Capital per share for the quarter that ended in Sep. 2017 was $-2.61.

Fortress Investment Group LLC Accounts Receivable Historical Data

The historical data trend for Fortress Investment Group LLC's Accounts Receivable 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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Fortress Investment Group LLC Accounts Receivable Chart

Fortress Investment Group LLC Annual Data

Trend

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Accounts Receivable

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Fortress Investment Group LLC Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Fortress Investment Group LLC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Fortress Investment Group LLC Accounts Receivable 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 receivables are being managed.

Fortress Investment Group LLC's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	254.363	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Fortress Investment Group LLC's accounts receivable are only considered to be worth 75% of book value:

Fortress Investment Group LLC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2017 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(665.566	+	0.75 * 0	+	0.5 * 0	-	1324.308
-	0	-	355.822)	/	388.575
=	-2.61

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Fortress Investment Group LLC Accounts Receivable Related Terms

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Fortress Investment Group LLC (Fortress Investment Group LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fortress Investment Group LLC (NYSE:FIG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.fortress.com

Fortress Investment Group LLC is a diversified global investment management company. It operates as an alternative asset manager, which raises, invests and manages private equity funds and hedge funds. The firm's private equity funds are focused on control-oriented investments, real estate properties, and debt securities. Fortress' hedge fund offerings are composed of liquid hedge funds, which invest in more liquid capital markets, as well as credit-driven private equity and hedge funds, which focus on distressed and undervalued assets. Most of the revenue for the firm is derived from management fees, incentive income based on the performance of the funds and investment income from investments in funds.

Executives

Wesley R Edens	director, 10 percent owner, officer: Principal	1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Randal A Nardone	director, 10 percent owner, officer: Principal and CEO	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Briger Peter L Jr	director, 10 percent owner, officer: Principal	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Douglas L Jacobs	director	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Daniel Bass	officer: Chief Financial Officer	1345 AVENUE OF THE AMERICAS, 46TH FLOOR, NEW YORK NY 10105
Richard N Haass	director
Robert I Kauffman	director, 10 percent owner, officer: President-Europe and Director	C/O FIG LLC 1345 AVENUE OF THE AMERICAS, NEW YORK, NY X1 10105
Daniel H Mudd	director, officer: Chief Executive Officer	3900 WISCONSIN AVENUE, NW, WASHINGTON DC 20016
Jonathan Brown	officer: Chief Accounting Officer	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Howard Rubin	director	8401 N CENTRAL EXPRESSWAY, STE 800, DALLAS TX 75225
Takumi Shibata	director	NOMURA ASSET MANAGEMENT USA, INC., TWO WORLD FINANCIAL CENTER, BUILDING B, NEW YORK NY 10281

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