Fortrea Holdings (MEX:FTRE1) Accounts Receivable : MXN3,264 Mil (As of Dec. 2024)

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What is Fortrea Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Fortrea Holdings's accounts receivables for the quarter that ended in Dec. 2024 was MXN3,264 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fortrea Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 20.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fortrea Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was MXN-460.58.

Fortrea Holdings Accounts Receivable Historical Data

The historical data trend for Fortrea Holdings'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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Fortrea Holdings Accounts Receivable Chart

Fortrea Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

8,667.17

8,757.60

7,132.58

3,263.92

Fortrea Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial								7,132.58	6,470.88	1,615.83	3,075.63	3,263.92

Fortrea Holdings Accounts Receivable Calculation

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

Fortrea Holdings 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.

Fortrea Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3263.917	/	14536.423	*	91
=	20.49

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

Fortrea Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(2471.4	+	0.75 * 3263.917	+	0.5 * 0	-	46232.916
-	0	-	0)	/	89.700
=	-460.58

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.

Fortrea Holdings Accounts Receivable Related Terms

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Fortrea Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Fortrea Holdings Inc (MEX:FTRE1) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FTRE:USA K67:Germany

Address

8 Moore Drive, Durham, NC, USA, 27709

Website

https://www.fortrea.com

Fortrea Holdings is a late-stage contract research organization, or CRO, that provides comprehensive Phase I through IV clinical trial management, clinical pharmacology, and patient access solutions. The company works with emerging and large biopharma, medical device, and diagnostic companies to run their clinical trials as a functional-service provider, full-service provider, and offers hybrid trials. In 2023, Fortrea was formed as an independent, publicly traded company after Labcorp spun off its clinical development business, which it acquired via its purchase of Covance in 2015 for $6.1 billion. Fortrea has 19,000 staff members across 90 countries.

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