Fortune Rise Acquisition (Fortune Rise Acquisition) Accounts Receivable : $0.00 Mil (As of Mar. 2024)

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What is Fortune Rise Acquisition Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortune Rise Acquisition's accounts receivables for the quarter that ended in Mar. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortune Rise Acquisition's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-1.59.

Fortune Rise Acquisition Accounts Receivable Historical Data

The historical data trend for Fortune Rise Acquisition's Accounts Receivable 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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Fortune Rise Acquisition Accounts Receivable Chart

Fortune Rise Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Receivable

Fortune Rise Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial								-	-	-	-	-

Fortune Rise Acquisition Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Fortune Rise Acquisition Accounts Receivable 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 receivables are being managed.

Fortune Rise Acquisition's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Fortune Rise Acquisition's accounts receivable are only considered to be worth 75% of book value:

Fortune Rise Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.007	+	0.75 * 0	+	0.5 * 0	-	9.974
-	0	-	0)	/	6.2718
=	-1.59

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Fortune Rise Acquisition Accounts Receivable Related Terms

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Fortune Rise Acquisition (Fortune Rise Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Fortune Rise Acquisition Corp (NAS:FRLA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13575 58th Street North, Suite 200, Clearwater, FL, USA, 33760

Website

Fortune Rise Acquisition Corp is a blank check company.

Executives

Ronald Jay Pollack	director	1862 MCCAULEY RD, CLEARWATER FL 33765
Ryan Spick	director	18034 N 134TH AVE, SUN CITY WEST AZ 85375
Philip Goodman	director	6 OAKWOOD DRIVE, SEWALL'S POINT FL 34996
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
J Richard Iler	officer: PEO and CFO	815 WALKER STREET, STE. 1155, HOUSTON TX 77002
Payam Eshraghian	director	20601 TROON LANE, HUNTINGTON BEACH CA 92646
Michael Davidov	director	60 EAST 42 STREET, NEW YORK NY 10165
David Xianglin Li	director	3 STONER AVE, GREAT NECK NY 11021
Lei Huang	director, officer: Chief Executive Officer	3 STONER AVE, GREAT NECK NY 10021
Norman C Kristoff	director	C/O JAMES M. RAE, ESQ., 330 MADISON AVEUNE, 29TH FLOOR, NEW YORK NY 10017
Yuanmei Ma	officer: Chief Financial Officer	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, officer: President and Chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Fortune Rise Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Koon Keung Chan	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840