Forise International (SGX:8A1) Change In Receivables : S$0.31 Mil (TTM As of Dec. 2023)

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What is Forise International Change In Receivables?

Forise International's change in receivables for the quarter that ended in Dec. 2023 was S$0.33 Mil. It means Forise International's Accounts Receivable declined by S$0.33 Mil from Jun. 2023 to Dec. 2023 .

Forise International's change in receivables for the fiscal year that ended in Dec. 2023 was S$0.31 Mil. It means Forise International's Accounts Receivable declined by S$0.31 Mil from Dec. 2022 to Dec. 2023 .

Forise International's Accounts Receivable for the quarter that ended in Dec. 2023 was S$0.37 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. Forise International's Days Sales Outstanding for the six months ended in Dec. 2023 was 132.04.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forise International's liquidation value for the six months ended in Dec. 2023 was S$1.00 Mil.

Forise International Change In Receivables Historical Data

The historical data trend for Forise International'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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Forise International Change In Receivables Chart

Forise International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.48

-0.50

1.24

0.20

0.31

Forise International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															0.95	0.13	0.06	-0.01	0.33

Forise International 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$0.31 Mil.

Forise International (SGX:8A1) 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.

Forise International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.369	/	0.51	*	91
=	132.04

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

Forise International's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1.005	-	0.284	+	0.75 * 0.369	+	0.5 * 0
=	1.00

Forise International Change In Receivables Related Terms

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Forise International (SGX:8A1) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Forise International Ltd (SGX:8A1) » Definitions » Change In Receivables

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Address

15 Scotts Road, No. 04-08, Suite 22, 15 Scotts, Singapore, SGP, 228218

Website

https://www.foriseinternational.com

Forise International Ltd is a Singapore-based investment holding company. The company operates in three segments: Corporate Advisory, Management consultancy, and All other segments. Its solutions include strategic planning, corporate advisory, financial restructuring advisory, management consultancy services, commercial Factoring, and asset Management. The company's geographical segments are China, Singapore, Denmark, and the United Arab Emirates, of which the majority of its revenue comes from Singapore.

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