Focus Financial Partners (Focus Financial Partners) Change In Receivables : $-24 Mil (TTM As of Jun. 2023)

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What is Focus Financial Partners Change In Receivables?

Focus Financial Partners's change in receivables for the quarter that ended in Jun. 2023 was $-9 Mil. It means Focus Financial Partners's Accounts Receivable increased by $9 Mil from Mar. 2023 to Jun. 2023 .

Focus Financial Partners's change in receivables for the fiscal year that ended in Dec. 2022 was $-17 Mil. It means Focus Financial Partners's Accounts Receivable increased by $17 Mil from Dec. 2021 to Dec. 2022 .

Focus Financial Partners's Accounts Receivable for the quarter that ended in Jun. 2023 was $237 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. Focus Financial Partners's Days Sales Outstanding for the three months ended in Jun. 2023 was 37.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Focus Financial Partners's liquidation value for the three months ended in Jun. 2023 was $-3,536 Mil.

Focus Financial Partners Change In Receivables Historical Data

The historical data trend for Focus Financial Partners'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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Focus Financial Partners Change In Receivables Chart

Focus Financial Partners Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-23.75

-29.56

-37.91

-32.01

-16.78

Focus Financial Partners Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Change In Receivables	Get a 7-Day Free Trial															1.08	1.44	-8.82	-8.10	-8.89

Focus Financial Partners 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 $-24 Mil.

Focus Financial Partners (NAS:FOCS) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	236.79	/	583.805	*	91
=	37.01

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

Focus Financial Partners'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)
=	137.04	-	3850.339	+	0.75 * 236.79	+	0.5 * 0
=	-3,536

Focus Financial Partners Change In Receivables Related Terms

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Focus Financial Partners (Focus Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Focus Financial Partners Inc (NAS:FOCS) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

875 Third Avenue, 28th Floor, New York, NY, USA, 10022

Website

https://www.focusfinancialpartners.com

Focus Financial Partners Inc is a partnership of independent, fiduciary wealth management firms operating in the fragmented RIA industry. It provides Mergers and acquisitions expertise and other services such as Talent Management, Legal and Regulatory Support, marketing and business development. The company generates its revenue in the form of wealth management fees. Geographically, it derives a majority of revenue from the United States and also has a presence in the United Kingdom, Canada, and Australia.

Executives

George Lemieux	director	875 THIRD AVENUE, 28TH FLOOR, NEW YORK NY 10022
Elizabeth R. Neuhoff	director	146 SOTA DRIVE, JUPITER FL 33458
Kristine Mashinsky	director	875 THIRD AVENUE, 28TH FLOOR, NEW YORK NY 10022
Kkr Freya Aggregator L.p.	10 percent owner	KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Kkr Group Partnership L.p.	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Stone Point Capital Llc	director, 10 percent owner	20 HORSENECK LANE, GREENWICH CT 06830
James D Carey	director	STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830
Greg S. Morganroth	director	875 THIRD AVENUE, 28TH FLOOR, NEW YORK NY 10022
James Shanahan	officer: Chief Financial Officer	C/O FOCUS FINANCIAL PARTNERS, INC., 825 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10022
Leonard R. Chang	officer: Sr. Managing Dir./Head of M&A	875 THIRD AVENUE, 28TH FLOOR, NEW YORK NY 10022
John Russell Mcgranahan	officer: General Counsel	875 THIRD AVENUE, 28TH FLOOR, NEW YORK NY 10022
Rajini Sundar Kodialam	director, officer: Chief Operating Officer	C/O FOCUS FINANCIAL PARTNERS, INC., 825 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10022
Ruediger Adolf	director, 10 percent owner, officer: CEO and Chairman	C/O FOCUS FINANCIAL PARTNERS, INC., 825 THIRD AVENUE, 27TH FLOOR, NEW YORK NY 10022
Joseph Feliciani	director	C/O BLACKROCK FINANCIAL MANAGEMENT INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Kkr Americas Xii Aiv Gp Llc	10 percent owner	KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019