FTGFF (Firan Technology Group) Change In Receivables: $-5.0 Mil (TTM As of May. 2026)

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.

FTGFF Firan Technology Group Corp FTGFF
82 GF Score
Price $18.08
GF Value $6.56
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Firan Technology Group Change In Receivables?

Firan Technology Group FTGFF +8.59% 82 Change In Receivables is $-5.0 Mil as of May. 2026. GuruFocus rates FTGFF with a GF Score™ of 82/100 and a GF Value™ of $6.56 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Firan Technology Group's change in receivables for the quarter that ended in May. 2026 was $-2.9 Mil. It means Firan Technology Group's Accounts Receivable increased by $2.9 Mil from Feb. 2026 to May. 2026 .

Firan Technology Group's change in receivables for the fiscal year that ended in Nov. 2025 was $-3.3 Mil. It means Firan Technology Group's Accounts Receivable increased by $3.3 Mil from Nov. 2024 to Nov. 2025 .

Firan Technology Group's Accounts Receivable for the quarter that ended in May. 2026 was $31.9 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. Firan Technology Group's Days Sales Outstanding for the three months ended in May. 2026 was 75.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Firan Technology Group's liquidation value for the three months ended in May. 2026 was $-2.2 Mil.


Firan Technology Group  (OTCPK:FTGFF) 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.

Firan Technology Group's Days Sales Outstanding for the quarter that ended in May. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=31.935/38.445*91
=75.80

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

Firan Technology Group's liquidation value for the quarter that ended in May. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=7.895-48.939+0.75 * 31.935+0.5 * 29.69
=-2.2

* 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.


Firan Technology Group Change In Receivables Related Terms


Firan Technology Group Change In Receivables Historical Data

* Premium members only.

The historical data trend for Firan Technology 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.

Firan Technology Group Change In Receivables Chart

Firan Technology Group Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 -0.28 -4.20 -4.71 -3.27

Firan Technology Group Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.43 1.97 -5.64 1.57 -2.85
FTGFF
82GF Score
Firan Technology Group Corp FTGFF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Firan Technology 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.0 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 $-5.0 Mil mean?
Firan Technology Group (FTGFF) has a Change In Receivables of $-5.0 Mil as of May. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Firan Technology Group and its competitors.
Is Firan Technology Group's Change In Receivables too high?
Firan Technology Group's current Change In Receivables is $-5.0 Mil. Overall, Firan Technology Group has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firan Technology Group's Change In Receivables compare to SPCX and GE?
Firan Technology Group's Change In Receivables of $-5.0 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Change In Receivables depends on the Aerospace & Defense 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 Firan Technology Group and its competitors. Firan Technology Group's current Change In Receivables is $-5.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firan Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Firan Technology Group (FTGFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.56, compared to a current price of $18.08 — trading 175.6% above its estimated fair value. The current Change In Receivables is $-5.0 Mil. Firan Technology Group's overall GF Score™ is 82/100 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 Firan Technology Group (FTGFF), the current Change In Receivables is $-5.0 Mil as of May. 2026. 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 Firan Technology Group (FTGFF) Overvalued in 2026?

Based on GuruFocus' analysis, Firan Technology Group stock appears to be overvalued. The current stock price of $18.08 is trading 175.6% above its estimated GF Value™ of $6.56. GuruFocus considers Firan Technology Group to be Significantly Overvalued.

Key valuation signals for FTGFF:

  • Change In Receivables: $-5.0 Mil
  • GF Value™: $6.56 vs. price of $18.08 (175.6% above fair value)
  • GF Score™: 82/100 with 3 warning signs

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


Firan Technology Group Business Description

Other Exchanges 22F:GermanyFTG:Canada
Address 250 Finchdene Square, Toronto, ON, CAN, M1X 1A5
Firan Technology Group Corp is a supplier of aerospace and defense electronic products and subsystems. It has two operating segments, namely FTG Circuits and FTG Aerospace. FTG Circuits manufactures printed circuit boards within the marketplace globally. FTG Aerospace designs and manufactures illuminated cockpit panels, keyboards, bezels, sub-assemblies, and assemblies for original equipment manufacturers of avionics products and for airframe manufacturers. The company operates in Canada, the United States, Asia, and Europe. The majority of revenue is derived from the FTG Circuits segment.
82GF Score

Get the complete analysis for FTGFF

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

$18.08
Price
$6.56
GF Value