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Fitell (Fitell) Change In Receivables : $0.08 Mil (TTM As of Dec. 2023)


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What is Fitell Change In Receivables?

Fitell's change in receivables for the quarter that ended in Dec. 2023 was $-0.06 Mil. It means Fitell's Accounts Receivable increased by $0.06 Mil from Jun. 2023 to Dec. 2023 .

Fitell's change in receivables for the fiscal year that ended in Jun. 2023 was $-0.56 Mil. It means Fitell's Accounts Receivable increased by $0.56 Mil from Jun. 2022 to Jun. 2023 .

Fitell's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.23 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. Fitell's Days Sales Outstanding for the six months ended in Dec. 2023 was 20.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fitell's liquidation value for the six months ended in Dec. 2023 was $3.05 Mil.

Fitell Change In Receivables Historical Data

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

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Change In Receivables
0.45 -0.03 -0.56

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Change In Receivables Get a 7-Day Free Trial -0.05 0.02 -0.70 0.14 -0.06

Fitell 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 semi-annually data reported by the company within the most recent 12 months, which was $0.08 Mil.

* 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.

Fitell  (NAS:FTEL) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.234/2.123*91
=20.12

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

Fitell'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)
=4.329-2.504+0.75 * 0.234+0.5 * 2.103
=3.05

* 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.

Fitell Change In Receivables Related Terms

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Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Change In Receivables
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.