AFC Gamma (AFC Gamma) Change In Receivables : $1.50 Mil (TTM As of Dec. 2023)

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What is AFC Gamma Change In Receivables?

AFC Gamma's change in receivables for the quarter that ended in Dec. 2023 was $0.84 Mil. It means AFC Gamma's Accounts Receivable declined by $0.84 Mil from Sep. 2023 to Dec. 2023 .

AFC Gamma's change in receivables for the fiscal year that ended in Dec. 2023 was $1.50 Mil. It means AFC Gamma's Accounts Receivable declined by $1.50 Mil from Dec. 2022 to Dec. 2023 .

AFC Gamma's Accounts Receivable for the quarter that ended in Dec. 2023 was $5.55 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. AFC Gamma's Days Sales Outstanding for the three months ended in Dec. 2023 was 59.54.

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

AFC Gamma Change In Receivables Historical Data

The historical data trend for AFC Gamma'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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AFC Gamma Change In Receivables Chart

AFC Gamma Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-3.49

-0.85

1.50

AFC Gamma Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial									-0.44	2.19	0.92	-2.44	0.84

AFC Gamma 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 quarterly data reported by the company within the most recent 12 months, which was $1.50 Mil.

AFC Gamma (NAS:AFCG) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.553	/	8.511	*	91
=	59.54

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

AFC Gamma'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)
=	121.626	-	146.533	+	0.75 * 5.553	+	0.5 * 0
=	-20.74

AFC Gamma Change In Receivables Related Terms

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AFC Gamma (AFC Gamma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AFC Gamma Inc (NAS:AFCG) » Definitions » Change In Receivables

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Traded in Other Exchanges

0FG:Germany

Address

525 Okeechobee Boulevard, Suite 1650, West Palm Beach, FL, USA, 33401

Website

https://www.afcgamma.com

AFC Gamma Inc is a commercial real estate finance company. The company originates, structures, underwrites and manages senior secured loans and other types of loans for established cannabis industry operators in states that have legalized medicinal and/or adult-use cannabis.

Executives

James C. Fagan	director	123 HARBOR DRIVE, UNIT 211, STAMFORD CT 06902
Leonard M Tannenbaum	director, 10 percent owner, officer: Chief Executive Officer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Robyn Tannenbaum	officer: Managing Director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Brandon Hetzel	officer: CFO and Treasurer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Jonathan Gilbert Kalikow	director, 10 percent owner, officer: Head of Real Estate	101 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10178
Brett Kaufman	officer: CFO and Treasurer	4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Marnie Migatz Sudnow	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Thomas L Harrison	director
Jodi Hanson Bond	director	777 WEST PUTNAM AVENUE, 3RD FLOOR, GREENWICH CT 06830
Alexander C Frank	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Robert L Levy	director	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401
Tomer Tzur	director	7545 SW 54TH AVENUE, MIAMI FL 33143
Thomas Geoffroy	officer: CFO and Treasurer	525 OKEECHOBEE BLVD., SUITE 1770, WEST PALM BEACH FL 33401