Forge Innovation Development (Forge Innovation Development) Change In Receivables : $-0.04 Mil (TTM As of Mar. 2024)

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What is Forge Innovation Development Change In Receivables?

Forge Innovation Development's change in receivables for the quarter that ended in Mar. 2024 was $-0.01 Mil. It means Forge Innovation Development's Accounts Receivable increased by $0.01 Mil from Dec. 2023 to Mar. 2024 .

Forge Innovation Development's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.03 Mil. It means Forge Innovation Development's Accounts Receivable increased by $0.03 Mil from Dec. 2022 to Dec. 2023 .

Forge Innovation Development's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.12 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. Forge Innovation Development's Days Sales Outstanding for the three months ended in Mar. 2024 was 82.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forge Innovation Development's liquidation value for the three months ended in Mar. 2024 was $-6.08 Mil.

Forge Innovation Development Change In Receivables Historical Data

The historical data trend for Forge Innovation Development'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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Forge Innovation Development Change In Receivables Chart

Forge Innovation Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.01

0.01

-0.03

Forge Innovation Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-0.01	-0.01	-0.01	-0.01

Forge Innovation Development 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 $-0.04 Mil.

Forge Innovation Development (OTCPK:FGNV) 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.

Forge Innovation Development's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.123	/	0.136	*	91
=	82.53

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

Forge Innovation Development'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)
=	0.004	-	6.174	+	0.75 * 0.123	+	0.5 * 0
=	-6.08

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Forge Innovation Development (Forge Innovation Development) Business Description

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Address

6280 Mission Boulevard, Unit 205, Jurupa Valley, CA, USA, 92509

Website

https://www.forgecorpusa.com

Forge Innovation Development Corp is a real estate development company. The company is engaged in commercial and residential land development, including purchase and sale of real estate, targeting properties in Southern California. Its primary business is to acquire land and develop and sell fully constructed homes and commercial property such as stores, offices, and private schools, among others to non-affiliated third parties. It also intends to invest its funds in income-yielding properties.

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