Fortinet (FRA:FO8) Change In Receivables : €83 Mil (TTM As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Fortinet Change In Receivables?

Fortinet's change in receivables for the quarter that ended in Mar. 2024 was €373 Mil. It means Fortinet's Accounts Receivable declined by €373 Mil from Dec. 2023 to Mar. 2024 .

Fortinet's change in receivables for the fiscal year that ended in Dec. 2023 was €-134 Mil. It means Fortinet's Accounts Receivable increased by €134 Mil from Dec. 2022 to Dec. 2023 .

Fortinet's Accounts Receivable for the quarter that ended in Mar. 2024 was €917 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 €-3,505 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.

* Premium members only.

Fortinet Change In Receivables Chart

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-87.03

-145.00

-64.16

-431.13

-134.25

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															159.81	7.29	60.34	-357.45	373.15

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 €83 Mil.

Fortinet (FRA:FO8) 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
=	916.504	/	1245.036	*	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)
=	2781.252	-	7175.632	+	0.75 * 916.504	+	0.5 * 404.34
=	-3,505

Fortinet Change In Receivables Related Terms

Thank you for viewing the detailed overview of Fortinet's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortinet (FRA:FO8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (FRA:FO8) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

FTNT:USA FTNT:Mexico 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.

Fortinet (FRA:FO8) Headlines

No Headlines