Firm Capital Mortgage Investment (TSX:FC) Change In Receivables : C$-2.24 Mil (TTM As of Dec. 2023)

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What is Firm Capital Mortgage Investment Change In Receivables?

Firm Capital Mortgage Investment's change in receivables for the quarter that ended in Dec. 2023 was C$-0.50 Mil. It means Firm Capital Mortgage Investment's Accounts Receivable increased by C$0.50 Mil from Sep. 2023 to Dec. 2023 .

Firm Capital Mortgage Investment's change in receivables for the fiscal year that ended in Dec. 2023 was C$-2.24 Mil. It means Firm Capital Mortgage Investment's Accounts Receivable increased by C$2.24 Mil from Dec. 2022 to Dec. 2023 .

Firm Capital Mortgage Investment's Accounts Receivable for the quarter that ended in Dec. 2023 was C$5.47 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. Firm Capital Mortgage Investment's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Firm Capital Mortgage Investment's liquidation value for the three months ended in Dec. 2023 was C$-176.95 Mil.

Firm Capital Mortgage Investment Change In Receivables Historical Data

The historical data trend for Firm Capital Mortgage Investment'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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Firm Capital Mortgage Investment Change In Receivables Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.45

-1.75

-1.76

-2.16

-2.24

Firm Capital Mortgage Investment 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	Get a 7-Day Free Trial															-1.35	-0.11	-1.09	-0.55	-0.50

Firm Capital Mortgage Investment 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 C$-2.24 Mil.

Firm Capital Mortgage Investment (TSX: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.

Firm Capital Mortgage Investment's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.466	/	14.165	*	91
=	35.21

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

Firm Capital Mortgage Investment'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)
=	9.367	-	190.417	+	0.75 * 5.466	+	0.5 * 0
=	-176.95

Firm Capital Mortgage Investment Change In Receivables Related Terms

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Firm Capital Mortgage Investment (TSX:FC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Change In Receivables

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FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.