Firan Technology Group (TSX:FTG) Change In Receivables : C$-2.6 Mil (TTM As of Feb. 2024)

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What is Firan Technology Group Change In Receivables?

Firan Technology Group's change in receivables for the quarter that ended in Feb. 2024 was C$3.2 Mil. It means Firan Technology Group's Accounts Receivable declined by C$3.2 Mil from Nov. 2023 to Feb. 2024 .

Firan Technology Group's change in receivables for the fiscal year that ended in Nov. 2023 was C$-5.8 Mil. It means Firan Technology Group's Accounts Receivable increased by C$5.8 Mil from Nov. 2022 to Nov. 2023 .

Firan Technology Group's Accounts Receivable for the quarter that ended in Feb. 2024 was C$26.0 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. Firan Technology Group's Days Sales Outstanding for the three months ended in Feb. 2024 was 67.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Firan Technology Group's liquidation value for the three months ended in Feb. 2024 was C$-19.4 Mil.

Firan Technology Group Change In Receivables Historical Data

The historical data trend for Firan Technology Group'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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Firan Technology Group Change In Receivables Chart

Firan Technology Group Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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-1.76

3.78

0.94

-0.37

-5.76

Firan Technology Group 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	Get a 7-Day Free Trial															0.06	-2.29	-1.77	-1.76	3.17

Firan Technology Group 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 C$-2.6 Mil.

Firan Technology Group (TSX:FTG) 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.

Firan Technology Group's Days Sales Outstanding for the quarter that ended in Feb. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25.983	/	34.975	*	91
=	67.79

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

Firan Technology Group'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)
=	3.886	-	61.732	+	0.75 * 25.983	+	0.5 * 37.829
=	-19.4

Firan Technology Group Change In Receivables Related Terms

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Firan Technology Group (TSX:FTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Firan Technology Group Corp (TSX:FTG) » Definitions » Change In Receivables

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Traded in Other Exchanges

FTGFF:USA

Address

250 Finchdene Square, Finance Dept, Toronto, ON, CAN, M1X 1A5

Website

https://www.ftgcorp.com

Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe and generates substantial sales from the United States. The majority of revenue is from the Circuit segment.

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