FSRCY (First Resources) Change In Receivables: $-127 Mil (TTM As of Dec. 2025)

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First Resources Ltd FSRCY

80 GF Score

Price $268.66

GF Value $189.87

Valuation Significantly Overvalued

3 Warning Signs

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What is First Resources Change In Receivables?

First Resources FSRCY +12.66% 80 Change In Receivables is $-127 Mil as of Dec. 2025. GuruFocus rates FSRCY with a GF Score™ of 80/100 and a GF Value™ of $189.87 (Significantly Overvalued). The stock has 3 warning signs investors should review.

First Resources's change in receivables for the quarter that ended in Dec. 2025 was $-19 Mil. It means First Resources's Accounts Receivable increased by $19 Mil from Jun. 2025 to Dec. 2025 .

First Resources's change in receivables for the fiscal year that ended in Dec. 2025 was $-126 Mil. It means First Resources's Accounts Receivable increased by $126 Mil from Dec. 2024 to Dec. 2025 .

First Resources's Accounts Receivable for the quarter that ended in Dec. 2025 was $125 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. First Resources's Days Sales Outstanding for the six months ended in Dec. 2025 was 23.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Resources's liquidation value for the six months ended in Dec. 2025 was $-680 Mil.

First Resources (OTCPK:FSRCY) 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.

First Resources's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	124.574	/	987.203	*	91
=	23.03

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

First Resources's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	289.402	-	1224.928	+	0.75 * 124.574	+	0.5 * 324.15
=	-680

* 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.

First Resources Change In Receivables Related Terms

First Resources Change In Receivables Historical Data

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The historical data trend for First Resources's Change In Receivables can be seen below:

First Resources Change In Receivables Chart

First Resources Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Change In Receivables

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21.28

-20.24

59.87

-37.33

-126.47

First Resources Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Change In Receivables	Get a 7-Day Free Trial															20.93	-41.45	4.12	-108.27	-18.67

80GF Score

First Resources Ltd FSRCY

Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.

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First Resources 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-127 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of $-127 Mil mean?

First Resources (FSRCY) has a Change In Receivables of $-127 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for First Resources and its competitors.

Is First Resources' Change In Receivables too high?

First Resources' current Change In Receivables is $-127 Mil. Overall, First Resources has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does First Resources' Change In Receivables compare to KHC and GIS?

First Resources' Change In Receivables of $-127 Mil can be compared against companies in the Consumer Packaged Goods 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 a Consumer Packaged Goods company?

A good Change In Receivables depends on the Consumer Packaged Goods 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 First Resources and its competitors. First Resources's current Change In Receivables is $-127 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Resources stock overvalued right now?

Based on GuruFocus' analysis, First Resources (FSRCY) is currently considered Significantly Overvalued. The stock's GF Value™ is $189.87, compared to a current price of $268.66 — trading 41.5% above its estimated fair value. The current Change In Receivables is $-127 Mil. First Resources' overall GF Score™ is 80/100 with 3 warning signs to review. 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 First Resources (FSRCY), the current Change In Receivables is $-127 Mil as of Dec. 2025. 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.

Is First Resources (FSRCY) Overvalued in 2026?

Based on GuruFocus' analysis, First Resources stock appears to be overvalued. The current stock price of $268.66 is trading 41.5% above its estimated GF Value™ of $189.87. GuruFocus considers First Resources to be Significantly Overvalued.

Key valuation signals for FSRCY:

Change In Receivables: $-127 Mil
GF Value™: $189.87 vs. price of $268.66 (41.5% above fair value)
GF Score™: 80/100 with 3 warning signs

No single metric tells the full story. See the FSRCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Resources Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies SGX:F99 SGX:Q01 SGX:5JS SGX:MV4 SGX:Y03 SGX:D03 SGX:BQD SGX:42W SGX:OTS SGX:LGH XSWX:NESN XPAR:BN BOG:NUTRESA TSE:2802 NSE:NESTLEIND SHSE:603288 KHC SHSE:600887 GIS SZSE:300999

Other Exchanges EB5:Singapore 5F1:Germany

Address 7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987

Website https://www.first-resources.com

First Resources Ltd manages hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations, Palm Oil Mills & Refinery and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

80GF Score

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

$268.66

Price

$189.87

GF Value

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