Forum Energy Technologies (FRA:1FE1) Change In Receivables : €27.5 Mil (TTM As of Mar. 2024)

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What is Forum Energy Technologies Change In Receivables?

Forum Energy Technologies's change in receivables for the quarter that ended in Mar. 2024 was €10.7 Mil. It means Forum Energy Technologies's Accounts Receivable declined by €10.7 Mil from Dec. 2023 to Mar. 2024 .

Forum Energy Technologies's change in receivables for the fiscal year that ended in Dec. 2023 was €8.1 Mil. It means Forum Energy Technologies's Accounts Receivable declined by €8.1 Mil from Dec. 2022 to Dec. 2023 .

Forum Energy Technologies's Accounts Receivable for the quarter that ended in Mar. 2024 was €149.0 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. Forum Energy Technologies's Days Sales Outstanding for the three months ended in Mar. 2024 was 73.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forum Energy Technologies's liquidation value for the three months ended in Mar. 2024 was €-233.4 Mil.

Forum Energy Technologies Change In Receivables Historical Data

The historical data trend for Forum Energy Technologies'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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Forum Energy Technologies Change In Receivables Chart

Forum Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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48.93

50.33

-39.71

-40.24

8.09

Forum Energy Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-8.67	-2.35	12.99	6.22	10.68

Forum Energy Technologies 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €27.5 Mil.

Forum Energy Technologies (FRA:1FE1) 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.

Forum Energy Technologies's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	149.02	/	186.201	*	91
=	73.03

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

Forum Energy Technologies's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	44.609	-	529.172	+	0.75 * 149.02	+	0.5 * 278.763
=	-233.4

Forum Energy Technologies Change In Receivables Related Terms

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Forum Energy Technologies (FRA:1FE1) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (FRA:1FE1) » Definitions » Change In Receivables

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FET:USA

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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