FNLIF (First National Financial) Change In Receivables : $0.0 Mil (TTM As of Jun. 2024)

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What is First National Financial Change In Receivables?

First National Financial's change in receivables for the quarter that ended in Jun. 2024 was $0.0 Mil. It means First National Financial's Accounts Receivable stayed the same from Mar. 2024 to Jun. 2024 .

First National Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $0.0 Mil. It means First National Financial's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

First National Financial's Accounts Receivable for the quarter that ended in Jun. 2024 was $172.4 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. First National Financial's Days Sales Outstanding for the three months ended in Jun. 2024 was 142.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First National Financial's liquidation value for the three months ended in Jun. 2024 was $-35,854.1 Mil.

First National Financial Change In Receivables Historical Data

The historical data trend for First National Financial'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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First National Financial Change In Receivables Chart

First National Financial Annual Data

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Change In Receivables

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First National Financial Quarterly Data
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First National Financial 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.

First National Financial (OTCPK:FNLIF) 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.

First National Financial's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	172.377	/	110.562	*	91
=	142.27

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

First National Financial's liquidation value for the quarter that ended in Jun. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	35983.353	+	0.75 * 172.377	+	0.5 * 0
=	-35,854.1

First National Financial Change In Receivables Related Terms

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First National Financial Business Description

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63Z:Germany FN.PR.B.PFD:Canada FN.PR.A.PFD:Canada FN:Canada

Address

16 York Street, Suite 1900, Toronto, ON, CAN, M5J 0E6

Website

https://www.firstnational.ca

First National Financial Corp is a Canadian originator, underwriter, and servicer of predominantly prime residential and commercial mortgages. The Company operates in two business segments, Residential and Commercial. These segments are organized by mortgage type and contain revenue and expenses related to origination, underwriting, securitization and servicing activities. It derives maximum revenue from Residential segment.