FSGCY (First Gen) Accounts Receivable: $149.6 Mil (As of Mar. 2026)

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FSGCY First Gen Corp FSGCY
54 GF Score
Price $5.35
GF Value $2.12
Valuation Significantly Overvalued
! 12 Warning Signs
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What is First Gen Accounts Receivable?

First Gen FSGCY 54 Accounts Receivable is $149.6 Mil as of Mar. 2026. GuruFocus rates FSGCY with a GF Score™ of 54/100 and a GF Value™ of $2.12 (Significantly Overvalued). The stock has 12 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Gen's accounts receivables for the quarter that ended in Mar. 2026 was $149.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Gen's Days Sales Outstanding for the quarter that ended in Mar. 2026 was 54.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Gen's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was $-15.30.


First Gen 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.

First Gen's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=149.649/248.668*91
=54.91

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

First Gen's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 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)
=(705.109+0.75 * 149.649+0.5 * 228.068-2955.426
-67.79-659.781)/179.829
=-15.30

* 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.


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.


First Gen Accounts Receivable Related Terms


First Gen Accounts Receivable Historical Data

* Premium members only.

The historical data trend for First Gen'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.

First Gen Accounts Receivable Chart

First Gen Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 332.63 458.57 438.39 497.49 147.27

First Gen Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 458.57 415.68 319.73 147.27 149.65
FSGCY
54GF Score
First Gen Corp FSGCY
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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First Gen Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $149.6 Mil mean?
First Gen (FSGCY) has a Accounts Receivable of $149.6 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on First Gen and its competitors.
Is First Gen's Accounts Receivable too high?
First Gen's current Accounts Receivable is $149.6 Mil. Overall, First Gen has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Gen's Accounts Receivable compare to competitors?
First Gen's Accounts Receivable of $149.6 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Utilities - Independent Power Producers company?
A good Accounts Receivable depends on the Utilities - Independent Power Producers industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on First Gen and its competitors. First Gen's current Accounts Receivable is $149.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Gen stock overvalued right now?
Based on GuruFocus' analysis, First Gen (FSGCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.12, compared to a current price of $5.35 — trading 152.4% above its estimated fair value. The current Accounts Receivable is $149.6 Mil. First Gen's overall GF Score™ is 54/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For First Gen (FSGCY), the current Accounts Receivable is $149.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Gen (FSGCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Gen stock appears to be overvalued. The current stock price of $5.35 is trading 152.4% above its estimated GF Value™ of $2.12. GuruFocus considers First Gen to be Significantly Overvalued.

Key valuation signals for FSGCY:

  • Accounts Receivable: $149.6 Mil
  • GF Value™: $2.12 vs. price of $5.35 (152.4% above fair value)
  • GF Score™: 54/100 with 12 warning signs

No single metric tells the full story. See the FSGCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Gen Business Description

Other Exchanges FGEN:Philippines
Address Ortigas Avenue, 6th Floor, Rockwell Business Center, Tower 3, Pasig, PHL, 1604
First Gen Corp is an independent electric utility company operating in the Philippines. First Gen develops, finances, builds, bids for, and operate power generation projects. The company generates a amount of Filipino energy needs through its portfolio of natural gas, wind, solar, hydro, and geothermal power plants located in the country. Majority of the power generated by First Gen is produced through natural gas and geothermal fuel sources. It operates in six segments: FGPC, FGP, EDC and Subsidiaries, FGEN LNG, FNPC, and Prime Meridian. The company only operates in Philippines.
54GF Score

Get the complete analysis for FSGCY

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.35
Price
$2.12
GF Value