Finsbury Food Group (Finsbury Food Group) Change In Receivables : $-4.1 Mil (TTM As of Jun. 2023)

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What is Finsbury Food Group Change In Receivables?

Finsbury Food Group's change in receivables for the quarter that ended in Jun. 2023 was $2.5 Mil. It means Finsbury Food Group's Accounts Receivable declined by $2.5 Mil from Dec. 2022 to Jun. 2023 .

Finsbury Food Group's change in receivables for the fiscal year that ended in Jun. 2023 was $-4.3 Mil. It means Finsbury Food Group's Accounts Receivable increased by $4.3 Mil from Jun. 2022 to Jun. 2023 .

Finsbury Food Group's Accounts Receivable for the quarter that ended in Jun. 2023 was $82.3 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. Finsbury Food Group's Days Sales Outstanding for the six months ended in Jun. 2023 was 53.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Finsbury Food Group's liquidation value for the six months ended in Jun. 2023 was $-80.0 Mil.

Finsbury Food Group Change In Receivables Historical Data

The historical data trend for Finsbury Food Group'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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Finsbury Food Group Change In Receivables Chart

Finsbury Food Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-4.21

12.45

-15.81

-9.66

-4.34

Finsbury Food Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Change In Receivables	Get a 7-Day Free Trial															-1.12	-2.50	-7.35	-6.63	2.54

Finsbury Food Group 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-4.1 Mil.

Finsbury Food Group (OTCPK:FFGPF) 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.

Finsbury Food Group's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	82.328	/	281.318	*	91
=	53.41

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

Finsbury Food Group's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	14.126	-	170.587	+	0.75 * 82.328	+	0.5 * 29.366
=	-80.0

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Finsbury Food Group (Finsbury Food Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Finsbury Food Group PLC (OTCPK:FFGPF) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

Maes-y-coed Road, Cardiff, GBR, CF14 4XR

Website

https://www.finsburyfoods.co.uk

Finsbury Food Group PLC is a United Kingdom-based bakery manufacturer. The company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. Its segments include UK bakery and Overseas. most of its revenue is generated from its UK bakery segment. Geographically the company operates in the United Kingdom; Europe; and Rest of the world and it earns most of its revenue from United Kingdom segment. Finsbury Food offers products like rolls, artisan bread, hot cross buns, muffins and morning pastries for both the retail and foodservice sectors.

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