Fly Leasing (Fly Leasing) Change In Receivables : $-62.1 Mil (TTM As of Mar. 2021)

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What is Fly Leasing Change In Receivables?

Fly Leasing's change in receivables for the quarter that ended in Mar. 2021 was $-15.0 Mil. It means Fly Leasing's Accounts Receivable increased by $15.0 Mil from Dec. 2020 to Mar. 2021 .

Fly Leasing's change in receivables for the fiscal year that ended in Dec. 2020 was $-54.2 Mil. It means Fly Leasing's Accounts Receivable increased by $54.2 Mil from Dec. 2019 to Dec. 2020 .

Fly Leasing's Accounts Receivable for the quarter that ended in Mar. 2021 was $65.5 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. Fly Leasing's Days Sales Outstanding for the three months ended in Mar. 2021 was 74.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fly Leasing's liquidation value for the three months ended in Mar. 2021 was $-2,176.4 Mil.

Fly Leasing Change In Receivables Historical Data

The historical data trend for Fly Leasing'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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Fly Leasing Change In Receivables Chart

Fly Leasing Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Change In Receivables

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-1.03

-4.25

-12.87

-10.67

-54.17

Fly Leasing Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Change In Receivables	Get a 7-Day Free Trial															-7.04	-40.51	-3.74	-2.89	-14.98

Fly Leasing 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. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-62.1 Mil.

Fly Leasing (NYSE:FLY) 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.

Fly Leasing's Days Sales Outstanding for the quarter that ended in Mar. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	65.516	/	79.973	*	91
=	74.75

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

Fly Leasing's liquidation value for the quarter that ended in Mar. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	117.231	-	2342.737	+	0.75 * 65.516	+	0.5 * 0
=	-2,176.4

Fly Leasing Change In Receivables Related Terms

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Fly Leasing (Fly Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Fly Leasing Ltd (NYSE:FLY) » Definitions » Change In Receivables

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Address

West Pier Business Campus, Dun Laoghaire, County Dublin, IRL, A96 N6T7

Website

http://www.flyleasing.com

Fly Leasing Ltd is principally involved in the commercial aircraft business. In addition, to arranging for the leasing of the fleet the group is also involved acquiring and disposing of aircraft, marketeering aircraft for lease and release, collecting rents and other payments from the lessees of aircraft, monitoring maintenance, insurance and other obligations under leases, and enforcing Fly Leasing's rights against lessees.