IGOT (Fomo Worldwide) Change In Receivables: $0.42 Mil (TTM As of Mar. 2024)

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What is Fomo Worldwide Change In Receivables?

Fomo Worldwide IGOT Change In Receivables is $0.42 Mil as of Mar. 2024.

Fomo Worldwide's change in receivables for the quarter that ended in Mar. 2024 was $0.10 Mil. It means Fomo Worldwide's Accounts Receivable declined by $0.10 Mil from Dec. 2023 to Mar. 2024 .

Fomo Worldwide's change in receivables for the fiscal year that ended in Dec. 2023 was $0.00 Mil. It means Fomo Worldwide's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Fomo Worldwide's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.26 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. Fomo Worldwide's Days Sales Outstanding for the three months ended in Mar. 2024 was 152.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fomo Worldwide's liquidation value for the three months ended in Mar. 2024 was $-4.11 Mil.

Fomo Worldwide  (OTCPK:IGOT) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.26/0.156*91
=152.08

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

Fomo Worldwide'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)
=0.01-4.36+0.75 * 0.26+0.5 * 0.084
=-4.11

* 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.

Fomo Worldwide Change In Receivables Related Terms

Fomo Worldwide Change In Receivables Historical Data

* Premium members only.

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Change In Receivables Chart

Fomo Worldwide Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -0.04 -0.98 0.00

Fomo Worldwide Quarterly Data
Jun19 Sep19 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 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 0.77 0.38 -0.06 0.00 0.10

Fomo Worldwide 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 $0.42 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 $0.42 Mil mean?
Fomo Worldwide (IGOT) has a Change In Receivables of $0.42 Mil as of Mar. 2024. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Fomo Worldwide and its competitors.
Is Fomo Worldwide's Change In Receivables too high?
Fomo Worldwide's current Change In Receivables is $0.42 Mil.
How does Fomo Worldwide's Change In Receivables compare to TNRG and BLK?
Fomo Worldwide's Change In Receivables of $0.42 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 Fomo Worldwide and its competitors. Fomo Worldwide's current Change In Receivables is $0.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fomo Worldwide stock overvalued right now?
Fomo Worldwide (IGOT) has a current Change In Receivables of $0.42 Mil. The current Change In Receivables is $0.42 Mil. 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 Fomo Worldwide (IGOT), the current Change In Receivables is $0.42 Mil as of Mar. 2024. 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.

Fomo Worldwide Business Description

Address 625 Stanwix Street, Suite 2504, Pittsburgh, PA, USA, 15222
Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.