FRD (Friedman Industries) Change In Receivables : $12.7 Mil (TTM As of Sep. 2024)

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What is Friedman Industries Change In Receivables?

Friedman Industries's change in receivables for the quarter that ended in Sep. 2024 was $-1.9 Mil. It means Friedman Industries's Accounts Receivable increased by $1.9 Mil from Jun. 2024 to Sep. 2024 .

Friedman Industries's change in receivables for the fiscal year that ended in Mar. 2024 was $2.0 Mil. It means Friedman Industries's Accounts Receivable declined by $2.0 Mil from Mar. 2023 to Mar. 2024 .

Friedman Industries's Accounts Receivable for the quarter that ended in Sep. 2024 was $39.6 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. Friedman Industries's Days Sales Outstanding for the three months ended in Sep. 2024 was 33.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Friedman Industries's liquidation value for the three months ended in Sep. 2024 was $4.3 Mil.

Friedman Industries Change In Receivables Historical Data

The historical data trend for Friedman 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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Friedman Industries Change In Receivables Chart

Friedman Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Receivables

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1.03

-8.22

-16.70

-12.29

2.04

Friedman Industries 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															-5.55	7.90	-2.91	9.57	-1.87

Friedman 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.7 Mil.

Friedman Industries (AMEX:FRD) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	39.62	/	106.759	*	91
=	33.86

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

Friedman Industries'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)
=	2.473	-	80.403	+	0.75 * 39.62	+	0.5 * 105.051
=	4.3

Friedman Industries Change In Receivables Related Terms

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Friedman Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (AMEX:FRD) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

X36:Germany X36:Germany

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include flat-roll products and Tubular Products. It generates maximum revenue from the flat-roll products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Executives

Mike J Taylor	director	P.O. BOX 2192, LONGVIEW TX 75606
Max Alan Reichenthal	director	865 LOCKWOOD DRIVE, HOUSTON TX 77020
Sharon L Taylor	director	4200 B STONE RD, KILGORE TX 75662
Joe L Williams	director	P.O. BOX 1587, HOUSTON TX 77251
Joel Spira	director	THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046
Alex Larue	officer: VP - Secretary & Treasurer	7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605
Durga D Agrawal	director	2921 UNIVERSITY BLVD, HOUSTON TX 77005
Sandra Kay Scott	director	11503 BISTRO LANE, HOUSTON TX 77082
Tim Scott Stevenson	director	PO BOX 2192, LONGVIEW TX 75606
Robert Sparkman	officer: President & COO	P.O. BOX 2192, LONGVIEW TX 75605
Charles W Hall	director	1301 MCKINNEY STE 5100, HOUSTON TX 77010
Benny Harper	officer: Sr. VP-Finance	1301 MCKINNEY STE 5100, HOUSTON TX 77010
William E Crow	director, officer: President and CEO	P.O. BOX 1587, HOUSTON TX 77251
Hershel M Rich	director	P.O. BOX 1587, HOUSTON TX 77251
Harold Friedman	director, 10 percent owner, officer: Vice Chairman of the Board	4001 HOMESTEAD ROAF, HOUSTON TX 77028