FGCO (Financial Gravity) Change In Receivables: $0.07 Mil (TTM As of Jun. 2023)

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FGCO Financial Gravity Companies Inc FGCO
34 GF Score
Price $0.07
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What is Financial Gravity Change In Receivables?

Financial Gravity FGCO 34 Change In Receivables is $0.07 Mil as of Jun. 2023. GuruFocus rates FGCO with a GF Score™ of 34/100.

Financial Gravity's change in receivables for the quarter that ended in Jun. 2023 was $0.00 Mil. It means Financial Gravity's Accounts Receivable stayed the same from Dec. 2022 to Jun. 2023 .

Financial Gravity's change in receivables for the fiscal year that ended in Sep. 2022 was $0.05 Mil. It means Financial Gravity's Accounts Receivable declined by $0.05 Mil from Sep. 2021 to Sep. 2022 .

Financial Gravity's Accounts Receivable for the quarter that ended in Jun. 2023 was $0.00 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. Financial Gravity's Days Sales Outstanding for the three months ended in Jun. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Financial Gravity's liquidation value for the three months ended in Jun. 2023 was $-1.29 Mil.

Financial Gravity  (OTCPK:FGCO) 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.

Financial Gravity's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1.684*91
=0.00

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

Financial Gravity's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=0.108-1.395+0.75 * 0+0.5 * 0
=-1.29

* 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.

Financial Gravity Change In Receivables Related Terms

Financial Gravity Change In Receivables Historical Data

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The historical data trend for Financial Gravity'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.

Financial Gravity Change In Receivables Chart

Financial Gravity Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 -0.13 0.10 -0.11 0.05

Financial Gravity Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
Change In Receivables 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 0.11 -0.03 -0.01 -0.01 0.00
FGCO
34GF Score
Financial Gravity Companies Inc FGCO
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Financial Gravity 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 Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.07 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $0.07 Mil mean?
Financial Gravity (FGCO) has a Change In Receivables of $0.07 Mil as of Jun. 2023. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Financial Gravity and its competitors.
Is Financial Gravity's Change In Receivables too high?
Financial Gravity's current Change In Receivables is $0.07 Mil. Overall, Financial Gravity has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Financial Gravity's Change In Receivables compare to VOYA?
Financial Gravity's Change In Receivables of $0.07 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Diversified Financial Services company?
A good Change In Receivables depends on the Diversified Financial Services industry context. However, Change In Receivables 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 Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Financial Gravity and its competitors. Financial Gravity's current Change In Receivables is $0.07 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Financial Gravity stock overvalued right now?
Financial Gravity (FGCO) has a current Change In Receivables of $0.07 Mil. The current Change In Receivables is $0.07 Mil. Financial Gravity's overall GF Score™ is 34/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Financial Gravity (FGCO), the current Change In Receivables is $0.07 Mil as of Jun. 2023. 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.

Financial Gravity Business Description

Address 2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734
Financial Gravity Companies Inc through its subsidiaries, helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO, Forta, FGAM, FGFOS, FGIS, FGEM, and TMN.
34GF Score

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

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