FORD (Forward Industries) Change In Receivables : $1.11 Mil (TTM As of Jun. 2024)

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What is Forward Industries Change In Receivables?

Forward Industries's change in receivables for the quarter that ended in Jun. 2024 was $-0.00 Mil. It means Forward Industries's Accounts Receivable increased by $0.00 Mil from Mar. 2024 to Jun. 2024 .

Forward Industries's change in receivables for the fiscal year that ended in Sep. 2023 was $0.50 Mil. It means Forward Industries's Accounts Receivable declined by $0.50 Mil from Sep. 2022 to Sep. 2023 .

Forward Industries's Accounts Receivable for the quarter that ended in Jun. 2024 was $6.49 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. Forward Industries's Days Sales Outstanding for the three months ended in Jun. 2024 was 75.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forward Industries's liquidation value for the three months ended in Jun. 2024 was $-6.29 Mil.

Forward Industries Change In Receivables Historical Data

The historical data trend for Forward Industries'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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Forward Industries Change In Receivables Chart

Forward Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.26

-0.73

-1.67

0.95

0.50

Forward Industries Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Change In Receivables	Get a 7-Day Free Trial															0.55	0.63	0.45	0.04	-

Forward Industries 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 $1.11 Mil.

Forward Industries (NAS:FORD) 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.

Forward Industries's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.486	/	7.887	*	91
=	75.04

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

Forward Industries'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)
=	2.559	-	13.836	+	0.75 * 6.486	+	0.5 * 0.243
=	-6.29

Forward Industries Change In Receivables Related Terms

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Forward Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Forward Industries Inc (NAS:FORD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788

Website

https://www.forwardindustries.com

Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.

Executives

Kathleen Weisberg	officer: Chief Financial Officer	700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788
Sangita Shah	director	C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Sharon Hemond Hrynkow	director	4816 KING SOLOMON DRIVE, ANNADALE VA 22003
James W Zigler	director
Wild Robert W Jr.	officer: COO of Subsidiary	700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Mitchell Maiman	officer: President of Subsidiary	700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Paul Jean Severino	officer: COO of Subsidiary	700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Thomas Edward Kramer	officer: CEO to Subsidiary	8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433
Anthony Camarda	officer: Chief Financial Officer	700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Douglas David Matthews	officer: Sr VP/Chief Operating Officer	477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Jenny P. Yu	10 percent owner	9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069
James M Frost	director	477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Michael L. Luetkemeyer	director	411 LANDMARK DRIVE, WILMINGTON NC 28412
Sharon Hrynkow	director	C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Michael D Matte	officer: Chief Financial Officer