FRX Innovations (TSXV:FRXI) Change In Receivables : C$1.64 Mil (TTM As of Sep. 2023)

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What is FRX Innovations Change In Receivables?

FRX Innovations's change in receivables for the quarter that ended in Sep. 2023 was C$0.46 Mil. It means FRX Innovations's Accounts Receivable declined by C$0.46 Mil from Jun. 2023 to Sep. 2023 .

FRX Innovations's change in receivables for the fiscal year that ended in Dec. 2022 was C$2.11 Mil. It means FRX Innovations's Accounts Receivable declined by C$2.11 Mil from Dec. 2021 to Dec. 2022 .

FRX Innovations's Accounts Receivable for the quarter that ended in Sep. 2023 was C$0.36 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. FRX Innovations's Days Sales Outstanding for the three months ended in Sep. 2023 was 39.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FRX Innovations's liquidation value for the three months ended in Sep. 2023 was C$-20.74 Mil.

FRX Innovations Change In Receivables Historical Data

The historical data trend for FRX Innovations'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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FRX Innovations Change In Receivables Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

-0.41

-0.51

0.23

2.11

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial									-	1.38	-0.07	-0.13	0.46

FRX Innovations 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1.64 Mil.

FRX Innovations (TSXV:FRXI) 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.

FRX Innovations's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.364	/	0.851	*	91
=	39.03

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

FRX Innovations's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.16	-	22.601	+	0.75 * 0.364	+	0.5 * 2.848
=	-20.74

FRX Innovations Change In Receivables Related Terms

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FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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