Forafric Global (Forafric Global) Change In Receivables : $9.8 Mil (TTM As of Jun. 2023)

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What is Forafric Global Change In Receivables?

Forafric Global's change in receivables for the quarter that ended in Jun. 2023 was $21.2 Mil. It means Forafric Global's Accounts Receivable declined by $21.2 Mil from Dec. 2022 to Jun. 2023 .

Forafric Global's change in receivables for the fiscal year that ended in Dec. 2022 was $-30.7 Mil. It means Forafric Global's Accounts Receivable increased by $30.7 Mil from Dec. 2021 to Dec. 2022 .

Forafric Global's Accounts Receivable for the quarter that ended in Jun. 2023 was $30.4 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. Forafric Global's Days Sales Outstanding for the six months ended in Jun. 2023 was 38.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forafric Global's liquidation value for the six months ended in Jun. 2023 was $-226.0 Mil.

Forafric Global Change In Receivables Historical Data

The historical data trend for Forafric Global'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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Forafric Global Change In Receivables Chart

Forafric Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Change In Receivables

37.84

3.60

-19.97

-30.73

Forafric Global Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial			-12.19	-7.79	-19.34	-11.38	21.18

Forafric Global 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $9.8 Mil.

Forafric Global (NAS:AFRI) 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.

Forafric Global's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	30.444	/	145.616	*	91
=	38.16

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

Forafric Global's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	25.155	-	307.273	+	0.75 * 30.444	+	0.5 * 66.471
=	-226.0

Forafric Global Change In Receivables Related Terms

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Forafric Global (Forafric Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Forafric Global PLC (NAS:AFRI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mustapha Jamaleddine, Unit 5.3, Madison Building, Midtown, Queensway, GIB, GX11 1AA

Website

https://www.forafric.com

Forafric Global PLC is engaged in production and sale of a variety of wheat flours, Semolina and Pasta and Couscous in Morocco and in more than 45 countries. The two main brands in Morocco are MAYMOUNA and TRIA. The company derives majority of its revenue from Soft wheat.

Executives

Paul Packer	director, 10 percent owner, officer: CEO; CFO; Secretary	C/O GLOBIS CAPITAL PARTNERS LP, 60 BROAD ST, NEW YORK NY 10004
Michael Ferguson	director	525 EXECUTIVE BOULEVARD, ELMSFORD NY 10523
John M Horne	director	P.O. BOX 547, JOHNSON AR 72741
Claude Benitah	director	NITSANA, 9, TEL-AVIV-YAFO L3 6811709
Globis Spac Llc	10 percent owner	805 3RD AVENUE, 15TH FLOOR, NEW YORK NY 10022

Forafric Global (Forafric Global) Headlines

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