FRMO (FRMO) Change In Receivables: $-0.12 Mil (TTM As of May. 2014)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRMO FRMO Corp FRMO
12 GF Score
Price $7.30
View Full Analysis

What is FRMO Change In Receivables?

FRMO FRMO +0.58% 12 Change In Receivables is $-0.12 Mil as of May. 2014. GuruFocus rates FRMO with a GF Score™ of 12/100.

FRMO's change in receivables for the quarter that ended in May. 2014 was $-0.12 Mil. It means FRMO's Accounts Receivable increased by $0.12 Mil from May. 2013 to May. 2014 .

FRMO's change in receivables for the fiscal year that ended in May. 2014 was $-0.12 Mil. It means FRMO's Accounts Receivable increased by $0.12 Mil from May. 2013 to May. 2014 .

FRMO's Accounts Receivable for the quarter that ended in May. 2014 was $0.60 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. FRMO's Days Sales Outstanding for the six months ended in May. 2014 was 17.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FRMO's liquidation value for the six months ended in May. 2014 was $69.98 Mil.


FRMO  (OTCPK:FRMO) 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.

FRMO's Days Sales Outstanding for the quarter that ended in May. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.595/6.386*91
=17.00

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

FRMO's liquidation value for the quarter that ended in May. 2014 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=85.927-16.393+0.75 * 0.595+0.5 * 0
=69.98

* 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.


FRMO Change In Receivables Related Terms


FRMO Change In Receivables Historical Data

* Premium members only.

The historical data trend for FRMO'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.

FRMO Change In Receivables Chart

FRMO Annual Data
Trend Feb00 Feb01 Feb02 Feb03 Feb04 May12 May13 May14
Change In Receivables
Get a 7-Day Free Trial 0.00 0.00 0.10 -0.10 -0.12

FRMO Semi-Annual Data
Feb00 Feb01 Feb02 Feb03 Feb04 May12 May13 May14
Change In Receivables Get a 7-Day Free Trial 0.00 0.00 0.10 -0.10 -0.12
FRMO
12GF Score
FRMO Corp FRMO
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FRMO 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in May. 2014 was $-0.12 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-0.12 Mil mean?
FRMO (FRMO) has a Change In Receivables of $-0.12 Mil as of May. 2014. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for FRMO and its competitors.
Is FRMO's Change In Receivables too high?
FRMO's current Change In Receivables is $-0.12 Mil. Overall, FRMO has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does FRMO's Change In Receivables compare to KTF and ZTR?
FRMO's Change In Receivables of $-0.12 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Asset Management company?
A good Change In Receivables depends on the Asset Management industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for FRMO and its competitors. FRMO's current Change In Receivables is $-0.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FRMO stock overvalued right now?
FRMO (FRMO) has a current Change In Receivables of $-0.12 Mil. The current Change In Receivables is $-0.12 Mil. FRMO's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For FRMO (FRMO), the current Change In Receivables is $-0.12 Mil as of May. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FRMO Business Description

Address 1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601
FRMO Corp is an intellectual capital firm identifying and managing investment strategies and business opportunities.
12GF Score

Get the complete analysis for FRMO

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.30
Price