Fortinet (Fortinet) Change In Receivables : $88 Mil (TTM As of Mar. 2024)

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What is Fortinet Change In Receivables?

Fortinet's change in receivables for the quarter that ended in Mar. 2024 was $406 Mil. It means Fortinet's Accounts Receivable declined by $406 Mil from Dec. 2023 to Mar. 2024 .

Fortinet's change in receivables for the fiscal year that ended in Dec. 2023 was $-146 Mil. It means Fortinet's Accounts Receivable increased by $146 Mil from Dec. 2022 to Dec. 2023 .

Fortinet's Accounts Receivable for the quarter that ended in Mar. 2024 was $996 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. Fortinet's Days Sales Outstanding for the three months ended in Mar. 2024 was 67.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fortinet's liquidation value for the three months ended in Mar. 2024 was $-3,810 Mil.

Fortinet Change In Receivables Historical Data

The historical data trend for Fortinet'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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Fortinet Change In Receivables Chart

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-96.70

-176.40

-72.50

-456.70

-146.40

Fortinet 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															171.10	7.90	64.40	-389.80	405.60

Fortinet 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 $88 Mil.

Fortinet (NAS:FTNT) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	996.2	/	1353.3	*	91
=	67.17

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

Fortinet'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)
=	3023.1	-	7799.6	+	0.75 * 996.2	+	0.5 * 439.5
=	-3,810

Fortinet Change In Receivables Related Terms

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Fortinet (Fortinet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (NAS:FTNT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

FTNT:Mexico FO8:Germany FO8:Germany F1TN34:Brazil

Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

Executives

Ken Xie	director, officer: President & CEO	4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054
Patrice Perche	officer: Chief Revenue Off./EVP Supp.	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Michael Xie	director, officer: VP, Engineering & CTO	1090 KIFER ROAD, SUNNYVALE CA 94086
William H. Neukom	director	C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086
Keith Jensen	officer: Chief Accounting Officer	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068
John Whittle	officer: VP & General Counsel	1090 KIFER ROAD, SUNNYVALE CA 94086
James G. Stavridis	director	C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180
Christopher B Paisley	director	14870 THREE OAKS COURT, SARATOGA CA 95070
Jean X. Hu	director	2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054
Kelly Ducourty	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Cohen Peter Dale Jr.	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Ming Hsieh	director	4399 SANTA ANITA AVE., EL MONTE CA 91731
Judith Sim	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086
Del Matto Andrew H	officer: Chief Financial Officer	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Gary Locke	director	C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086