Fomo Worldwide (Fomo Worldwide) Change In Receivables : $0.75 Mil (TTM As of Sep. 2023)

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

What is Fomo Worldwide Change In Receivables?

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

Fomo Worldwide's change in receivables for the fiscal year that ended in Dec. 2022 was $-0.98 Mil. It means Fomo Worldwide's Accounts Receivable increased by $0.98 Mil from Dec. 2021 to Dec. 2022 .

Fomo Worldwide's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.60 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. Fomo Worldwide's Days Sales Outstanding for the three months ended in Sep. 2023 was 89.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fomo Worldwide's liquidation value for the three months ended in Sep. 2023 was $-4.22 Mil.

Fomo Worldwide Change In Receivables Historical Data

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Change In Receivables Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

Get a 7-Day Free Trial

-0.04

-0.98

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-0.15	-0.34	0.77	0.38	-0.06

Fomo Worldwide 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.75 Mil.

Fomo Worldwide (OTCPK:IGOT) 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.

Fomo Worldwide's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.595	/	0.609	*	91
=	89.15

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

Fomo Worldwide's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.002	-	4.772	+	0.75 * 0.595	+	0.5 * 0.217
=	-4.22

Fomo Worldwide Change In Receivables Related Terms

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

Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174