North American Financial 15 Split (TSX:FFN.PR.A.PFD) Change In Receivables : C$-0.62 Mil (TTM As of Nov. 2023)

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What is North American Financial 15 Split Change In Receivables?

North American Financial 15 Split's change in receivables for the quarter that ended in Nov. 2023 was C$-0.49 Mil. It means North American Financial 15 Split's Accounts Receivable increased by C$0.49 Mil from May. 2023 to Nov. 2023 .

North American Financial 15 Split's change in receivables for the fiscal year that ended in Nov. 2023 was C$-0.62 Mil. It means North American Financial 15 Split's Accounts Receivable increased by C$0.62 Mil from Nov. 2022 to Nov. 2023 .

North American Financial 15 Split's Accounts Receivable for the quarter that ended in Nov. 2023 was C$0.00 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. North American Financial 15 Split's Days Sales Outstanding for the six months ended in Nov. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. North American Financial 15 Split's liquidation value for the six months ended in Nov. 2023 was C$-481.53 Mil.

North American Financial 15 Split Change In Receivables Historical Data

The historical data trend for North American Financial 15 Split'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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North American Financial 15 Split Change In Receivables Chart

North American Financial 15 Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Change In Receivables

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0.08

0.29

-0.36

-0.90

-0.62

North American Financial 15 Split Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Change In Receivables	Get a 7-Day Free Trial															-0.16	-0.63	-0.28	-0.13	-0.49

North American Financial 15 Split 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 Nov. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was C$-0.62 Mil.

North American Financial 15 Split (TSX:FFN.PR.A.PFD) 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.

North American Financial 15 Split's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	45.956	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, North American Financial 15 Split's accounts receivable are only considered to be worth 75% of book value:

North American Financial 15 Split's liquidation value for the quarter that ended in Nov. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	44.716	-	526.244	+	0.75 * 0	+	0.5 * 0
=	-481.53

North American Financial 15 Split Change In Receivables Related Terms

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North American Financial 15 Split (TSX:FFN.PR.A.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Financial 15 Split Corp (TSX:FFN.PR.A.PFD) » Definitions » Change In Receivables

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FNCSF:USA FFN:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

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