Friedman Industries (FRA:X36) Change In Receivables : €-1.4 Mil (TTM As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Friedman Industries Change In Receivables?

Friedman Industries's change in receivables for the quarter that ended in Dec. 2023 was €7.2 Mil. It means Friedman Industries's Accounts Receivable declined by €7.2 Mil from Sep. 2023 to Dec. 2023 .

Friedman Industries's change in receivables for the fiscal year that ended in Mar. 2023 was €-11.5 Mil. It means Friedman Industries's Accounts Receivable increased by €11.5 Mil from Mar. 2022 to Mar. 2023 .

Friedman Industries's Accounts Receivable for the quarter that ended in Dec. 2023 was €40.7 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. Friedman Industries's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Friedman Industries's liquidation value for the three months ended in Dec. 2023 was €-10.9 Mil.

Friedman Industries Change In Receivables Historical Data

The historical data trend for Friedman Industries'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.

Friedman Industries Change In Receivables Chart

Friedman Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

Get a 7-Day Free Trial

3.78

0.93

-6.91

-15.16

-11.48

Friedman Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															10.26	-5.88	2.39	-5.20	7.25

Friedman Industries 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 €-1.4 Mil.

Friedman Industries (FRA:X36) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	40.735	/	106.347	*	91
=	34.95

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

Friedman Industries'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)
=	3.676	-	97.396	+	0.75 * 40.735	+	0.5 * 104.447
=	-10.9

Friedman Industries Change In Receivables Related Terms

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

Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

FRD:USA

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Friedman Industries (FRA:X36) Headlines

No Headlines