FTFT (Future FinTech Group) Change In Receivables : $7.09 Mil (TTM As of Sep. 2024)

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What is Future FinTech Group Change In Receivables?

Future FinTech Group's change in receivables for the quarter that ended in Sep. 2024 was $2.46 Mil. It means Future FinTech Group's Accounts Receivable declined by $2.46 Mil from Jun. 2024 to Sep. 2024 .

Future FinTech Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.92 Mil. It means Future FinTech Group's Accounts Receivable increased by $2.92 Mil from Dec. 2022 to Dec. 2023 .

Future FinTech Group's Accounts Receivable for the quarter that ended in Sep. 2024 was $1.72 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. Future FinTech Group's Days Sales Outstanding for the three months ended in Sep. 2024 was 30.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Future FinTech Group's liquidation value for the three months ended in Sep. 2024 was $-9.84 Mil.

Future FinTech Group Change In Receivables Historical Data

The historical data trend for Future FinTech Group'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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Future FinTech Group Change In Receivables Chart

Future FinTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.06

-0.25

-9.51

-1.12

-2.92

Future FinTech Group 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															-0.71	-4.59	9.59	-0.37	2.46

Future FinTech Group 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 $7.09 Mil.

Future FinTech Group (NAS:FTFT) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.721	/	5.175	*	91
=	30.35

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

Future FinTech Group'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)
=	6.519	-	17.654	+	0.75 * 1.721	+	0.5 * 0
=	-9.84

Future FinTech Group Change In Receivables Related Terms

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Future FinTech Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Future FinTech Group Inc (NAS:FTFT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

0A8H:UK

Address

1177 Avenue of The Americas, Suite 5100, Americas Tower, New York, NY, USA, 10036

Website

https://www.ftft.com

Future FinTech Group Inc is engaged in the financial technology business. The company participates in supply chain financing services and trading in China, asset management business in Hong Kong, and cross-border money transfer services in the United Kingdom. It has also expanded into brokerage and investment banking business in Hong Kong and cryptocurrency mining farm in the U.S. The company's reportable segments include the Supply chain financing/trading segment which generates key revenue, and the Asset management service segment.

Executives

Ming Yi	officer: Chief Financial Officer	PUDONG BUILDING, 2ND FLOOR, JUILING AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Yang Liu	officer: Chief Operating Officer	59 FREDERICKS ST, WEST ORANGE NJ 07052
Mingjie Zhao	director	190-19 50TH AVE, FRESH MEADOWS NY 11365
Shanchun Huang	director, officer: Chief Executive Officer	PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000
Hanjun Zheng	officer: Interim CFO	23F, CHINA DEVELOPMENT BANK TOWER, NO. 2, GAOXIN 1ST ROAD, XI'AN F4 710075
Zhi Yan	director	ROOM 03-1102, FL 11, BLDG C,SOHO,SALITUN, WORKERS' STADIUM NORTH RD,CHAOYANG DIST, BEIJING F4 0000000000
Yiliang Li	director	NO. 1803, BUILDING B, GUOHONG MANSION, MUXIDI, XICHENG DISTRICT, BEIJING F4 10038
Hongke Xue	director, officer: Chief Executive Officer	16F, CHINA DEVELOPMENT BANK TOWER, NO 2 GAOXIN 1ST RD, XI'AN F4 710075
V.x. Fortune Capital Ltd	10 percent owner	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Skypeople International Holdings Group Ltd	10 percent owner	P.O. BOX 2804, 4TH FLOOR, SCOTIA CENTRE, GEORGE TOWN E9 KY1-1112
Golden Dawn International Ltd	10 percent owner	P.O. BOX 957, OFFSHORE INCORPORATIONS CENTRE, ROAD TOWN, TORTOLA D8 00000
Baosheng Lu	director	ROOM 501, BLOCK 3, BINGJIAO LANE, TIANSHUIJING ROAD, XI'AN, SHAANXI PROVINCE F4 710002
Tao Wang	director	32/F, CHINA MERCHANTS TOWER, 118 JIAN GUO ROAD, CHAO YANG DISTRICT, BEIJING F4 100022
Yong Ke Xue	director, officer: Chief Executive Officer	16 F, NATIONAL DEVELOPMENT BANK TOWER, GAOXIN 2ND ROAD, XI'AN F4 710075
John W. Smagula	director	3036 FANSHAWE ST, PHILADELPHIA PA 19149