Franklin Covey Co (Franklin Covey Co) Change In Receivables

: $-3.8 Mil (TTM As of Feb. 2024)

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Franklin Covey Co's change in receivables for the quarter that ended in Feb. 2024 was $2.6 Mil. It means Franklin Covey Co's Accounts Receivable declined by $2.6 Mil from Nov. 2023 to Feb. 2024 .

Franklin Covey Co's change in receivables for the fiscal year that ended in Aug. 2023 was $-9.5 Mil. It means Franklin Covey Co's Accounts Receivable increased by $9.5 Mil from Aug. 2022 to Aug. 2023 .

Franklin Covey Co's Accounts Receivable for the quarter that ended in Feb. 2024 was $57.2 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. Franklin Covey Co's Days Sales Outstanding for the three months ended in Feb. 2024 was 85.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Franklin Covey Co's liquidation value for the three months ended in Feb. 2024 was $-65.2 Mil.

Franklin Covey Co Change In Receivables Historical Data

The historical data trend for Franklin Covey 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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Franklin Covey Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Receivables

-1.24

17.17

-14.27

-2.41

-9.45

Franklin Covey Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Receivables																3.91	-1.98	-26.52	22.10	2.60

Franklin Covey 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.8 Mil.

Franklin Covey Co (NYSE:FC) 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.

Franklin Covey Co's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	57.153	/	61.336	*	91
=	85.03

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

Franklin Covey Co's liquidation value for the quarter that ended in Feb. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	40.904	-	151.106	+	0.75 * 57.153	+	0.5 * 4.196
=	-65.2

Franklin Covey Co Change In Receivables Related Terms

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Franklin Covey Co (Franklin Covey Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Franklin Covey Co (NYSE:FC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 West Parkway Boulevard, Salt Lake City, UT, USA, 84119-2331

Website

https://www.franklincovey.com

Franklin Covey Co is a global company focused on organizational performance improvement. It focuses on providing time management and effectiveness training for individuals and corporations via online training as well as in-person workshops and events. The company provides training and consulting services in the areas of leadership, execution, productivity, trust, sales performance, customer loyalty, and educational improvement. It operates in the business segments of Direct Offices, Education practice, and International Licensees. The company derives revenue from providing training and consulting services, and through the selling of books, audio media, and other related products. It has a business presence in the United States and other international countries.

Executives

Meisha Sherman	officer: CPO	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119-2099
Jennifer C. Colosimo	officer: President, Enterprise Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Efrain Rivera	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Paul S Walker	director, officer: CEO, Director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Covey Michael Sean Merrill	officer: President, Education Division	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Dom Colleen D	officer: COO	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Craig Cuffie	director	2200 WEST PARKWAY BOULEVARD, SALT LAKE CITY UT 84119
Esther Kay Stepp	director
Nancy R Phillips	director	1515 BROADWAY, NEW YORK NY 10036
Michael Fung	director	2200 WEST PARKWAY BLVD, SALT LAKE CITY UT 84119
Donald J Mcnamara	director	4200 TEXAS COMMERCE TOWER WEST, 2200 ROSS AVE SUITE 4200, DALLAS TX 75201
Knowledge Capital Investment Group	10 percent owner	4200 CHASE TOWER WEST, 2200 ROSS AVENUE, DALLAS TX 75201
Van Bever Derek C M	director	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Scott Jeffery Miller	officer: EVP Bus Development/Marketing	2200 WEST PARKWAY BLVD., SALT LAKE CITY UT 84119
Joel Clinton Peterson	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101