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FRNT Financial (FRNT Financial) Accounts Receivable : $0.30 Mil (As of Mar. 2024)


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What is FRNT Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FRNT Financial's accounts receivables for the quarter that ended in Mar. 2024 was $0.30 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FRNT Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 964.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FRNT Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $0.08.


FRNT Financial Accounts Receivable Historical Data

The historical data trend for FRNT Financial's Accounts Receivable 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.

FRNT Financial Accounts Receivable Chart

FRNT Financial Annual Data
Trend Jun21 Jun22 Jun23
Accounts Receivable
0.04 0.02 0.04

FRNT Financial Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.04 0.02 0.35 0.30

FRNT Financial Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


FRNT Financial Accounts Receivable 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 receivables are being managed.

FRNT Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0.296/0.028*91
=964.64

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FRNT Financial's accounts receivable are only considered to be worth 75% of book value:

FRNT Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2.931+0.75 * 0.296+0.5 * 0-0.315
-0-0)/35.1493
=0.08

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


FRNT Financial Accounts Receivable Related Terms

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FRNT Financial (FRNT Financial) Business Description

Traded in Other Exchanges
Address
49 Wellington St E, Unit 200, Toronto, ON, CAN, M5E 1C9
FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial (FRNT Financial) Headlines

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