FGI Industries (FGI Industries) Change In Receivables : $-3.0 Mil (TTM As of Mar. 2024)

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What is FGI Industries Change In Receivables?

FGI Industries's change in receivables for the quarter that ended in Mar. 2024 was $-0.2 Mil. It means FGI Industries's Accounts Receivable increased by $0.2 Mil from Dec. 2023 to Mar. 2024 .

FGI Industries's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.1 Mil. It means FGI Industries's Accounts Receivable increased by $1.1 Mil from Dec. 2022 to Dec. 2023 .

FGI Industries's Accounts Receivable for the quarter that ended in Mar. 2024 was $15.7 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. FGI Industries's Days Sales Outstanding for the three months ended in Mar. 2024 was 46.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FGI Industries's liquidation value for the three months ended in Mar. 2024 was $-24.1 Mil.

FGI Industries Change In Receivables Historical Data

The historical data trend for FGI Industries'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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FGI Industries Change In Receivables Chart

FGI Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

2.07

-2.03

-11.12

13.49

-1.13

FGI Industries Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial											1.67	-1.39	-1.91	0.50	-0.24

FGI Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.0 Mil.

FGI Industries (NAS:FGI) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.745	/	30.754	*	91
=	46.72

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

FGI Industries's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3.319	-	45.049	+	0.75 * 15.745	+	0.5 * 11.551
=	-24.1

FGI Industries Change In Receivables Related Terms

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FGI Industries (FGI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

906 Murray Road, East Hanover, NJ, USA, 07869

Website

https://www.fgi-industries.com

FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.

Executives

Todd M. Heysse	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen	director, officer: Executive Chairman	906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce	director, officer: Chief Executive Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl	officer: Executive VP, Canada	906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin	officer: Chief Financial Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz	officer: Executive VP, United States	906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd	10 percent owner	906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke	officer: Executive VP, Europe	906 MURRAY ROAD, EAST HANOVER NJ 07869