Fortitude Gold (Fortitude Gold) Change In Receivables : $0.03 Mil (TTM As of Mar. 2024)

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What is Fortitude Gold Change In Receivables?

Fortitude Gold's change in receivables for the quarter that ended in Mar. 2024 was $0.03 Mil. It means Fortitude Gold's Accounts Receivable declined by $0.03 Mil from Dec. 2023 to Mar. 2024 .

Fortitude Gold's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.04 Mil. It means Fortitude Gold's Accounts Receivable increased by $0.04 Mil from Dec. 2022 to Dec. 2023 .

Fortitude Gold's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.01 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. Fortitude Gold's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fortitude Gold's liquidation value for the three months ended in Mar. 2024 was $43.24 Mil.

Fortitude Gold Change In Receivables Historical Data

The historical data trend for Fortitude Gold'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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Fortitude Gold Change In Receivables Chart

Fortitude Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.15

-0.09

0.24

-0.04

Fortitude Gold Quarterly Data
	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													-	-	-	-	0.03

Fortitude Gold 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 $0.03 Mil.

Fortitude Gold (OTCPK:FTCO) 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.

Fortitude Gold's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.009	/	8.181	*	91
=	0.10

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

Fortitude Gold'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)
=	43.505	-	12.468	+	0.75 * 0.009	+	0.5 * 24.389
=	43.24

Fortitude Gold Change In Receivables Related Terms

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Fortitude Gold (Fortitude Gold) Business Description

Industry

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Traded in Other Exchanges

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Address

2886 Carriage Manor Point, Colorado Springs, CO, USA, 80906

Website

https://www.fortitudegold.com

Fortitude Gold Corp is a mineral exploration and evaluation company. It primarily explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.