Fortis (Fortis) Change In Receivables

: $104 Mil (TTM As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

Fortis's change in receivables for the quarter that ended in Dec. 2023 was $-208 Mil. It means Fortis's Accounts Receivable increased by $208 Mil from Sep. 2023 to Dec. 2023 .

Fortis's change in receivables for the fiscal year that ended in Dec. 2023 was $106 Mil. It means Fortis's Accounts Receivable declined by $106 Mil from Dec. 2022 to Dec. 2023 .

Fortis's Accounts Receivable for the quarter that ended in Dec. 2023 was $663 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. Fortis's Days Sales Outstanding for the three months ended in Dec. 2023 was 28.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fortis's liquidation value for the three months ended in Dec. 2023 was $-30,570 Mil.

Fortis Change In Receivables Historical Data

The historical data trend for Fortis'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.

* Premium members only.

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.76

-65.58

-68.75

-352.60

105.84

Fortis 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																-265.00	205.36	156.56	-50.26	-207.96

Fortis 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 $104 Mil.

Fortis (NYSE:FTS) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	663.387	/	2150.417	*	91
=	28.15

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

Fortis'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)
=	465.862	-	31744.186	+	0.75 * 663.387	+	0.5 * 421.884
=	-30,570

Fortis Change In Receivables Related Terms

Thank you for viewing the detailed overview of Fortis's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortis (Fortis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (NYSE:FTS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

FORFF.PFD:USA FTRSF.PFD:USA 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada

Address

5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.