FlexShopper (FRA:9FL) Change In Receivables : €-55.7 Mil (TTM As of Sep. 2024)

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What is FlexShopper Change In Receivables?

FlexShopper's change in receivables for the quarter that ended in Sep. 2024 was €-16.1 Mil. It means FlexShopper's Accounts Receivable increased by €16.1 Mil from Jun. 2024 to Sep. 2024 .

FlexShopper's change in receivables for the fiscal year that ended in Dec. 2023 was €-40.7 Mil. It means FlexShopper's Accounts Receivable increased by €40.7 Mil from Dec. 2022 to Dec. 2023 .

FlexShopper's Accounts Receivable for the quarter that ended in Sep. 2024 was €59.6 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. FlexShopper's Days Sales Outstanding for the three months ended in Sep. 2024 was 156.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FlexShopper's liquidation value for the three months ended in Sep. 2024 was €-79.7 Mil.

FlexShopper Change In Receivables Historical Data

The historical data trend for FlexShopper'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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FlexShopper Change In Receivables Chart

FlexShopper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-33.06

-27.69

-53.07

-87.89

-40.72

FlexShopper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-10.97	-12.76	-12.38	-14.48	-16.11

FlexShopper 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-55.7 Mil.

FlexShopper (FRA:9FL) 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.

FlexShopper's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	59.629	/	34.769	*	91
=	156.49

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

FlexShopper's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.605	-	141.865	+	0.75 * 59.629	+	0.5 * 21.702
=	-79.7

FlexShopper Change In Receivables Related Terms

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FlexShopper Business Description

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FPAY:USA

Address

901 Yamato Road, Suite 260, Boca Raton, FL, USA, 33431

Website

https://www.flexshopper.com

FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.

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