Franklin Credit Management (Franklin Credit Management) Change In Receivables : $0.38 Mil (TTM As of Sep. 2014)

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What is Franklin Credit Management Change In Receivables?

Franklin Credit Management's change in receivables for the quarter that ended in Sep. 2014 was $0.20 Mil. It means Franklin Credit Management's Accounts Receivable declined by $0.20 Mil from Jun. 2014 to Sep. 2014 .

Franklin Credit Management's change in receivables for the fiscal year that ended in Dec. 2013 was $-0.15 Mil. It means Franklin Credit Management's Accounts Receivable increased by $0.15 Mil from Dec. 2012 to Dec. 2013 .

Franklin Credit Management's Accounts Receivable for the quarter that ended in Sep. 2014 was $1.01 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. Franklin Credit Management's Days Sales Outstanding for the three months ended in Sep. 2014 was 16.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Franklin Credit Management's liquidation value for the three months ended in Sep. 2014 was $-8.98 Mil.

Franklin Credit Management Change In Receivables Historical Data

The historical data trend for Franklin Credit Management'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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Franklin Credit Management Change In Receivables Chart

Franklin Credit Management Annual Data

Trend

Dec11

Dec12

Dec13

Change In Receivables

1.09

0.31

-0.15

Franklin Credit Management Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial								0.20	-0.19	0.16	0.21	0.20

Franklin Credit Management 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. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.38 Mil.

Franklin Credit Management (OTCPK:FCRM) 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.

Franklin Credit Management's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.011	/	5.468	*	91
=	16.87

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

Franklin Credit Management's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.968	-	10.71	+	0.75 * 1.011	+	0.5 * 0
=	-8.98

Franklin Credit Management Change In Receivables Related Terms

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Franklin Credit Management (Franklin Credit Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Franklin Credit Management Corp (OTCPK:FCRM) » Definitions » Change In Receivables

Traded in Other Exchanges

N/A

Address

101 Hudson Street, 24th floor, Jersey City, NJ, USA, 07302

Website

http://www.franklincredit.com

Franklin Credit Management Corp is a specialty consumer finance company. It is engaged in the servicing and resolution of performing, performing, and nonperforming residential mortgage loans, including specialized loan recovery and collection servicing, and in the analysis, pricing, and acquisition of residential mortgage portfolios, for third parties.

Executives

Steven W Lefkowitz

director

SIX HARRISON STREET, NEW YORK NY 10013

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