FRNT Financial (FRNT Financial) Change In Receivables : $-0.33 Mil (TTM As of Mar. 2024)

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What is FRNT Financial Change In Receivables?

FRNT Financial's change in receivables for the quarter that ended in Mar. 2024 was $0.05 Mil. It means FRNT Financial's Accounts Receivable declined by $0.05 Mil from Dec. 2023 to Mar. 2024 .

FRNT Financial's change in receivables for the fiscal year that ended in Jun. 2023 was $-0.04 Mil. It means FRNT Financial's Accounts Receivable increased by $0.04 Mil from Jun. 2022 to Jun. 2023 .

FRNT Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.30 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. FRNT Financial's Days Sales Outstanding for the three months ended in Mar. 2024 was 964.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FRNT Financial's liquidation value for the three months ended in Mar. 2024 was $2.84 Mil.

FRNT Financial Change In Receivables Historical Data

The historical data trend for FRNT Financial'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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FRNT Financial Change In Receivables Chart

FRNT Financial Annual Data

Trend

Jun21

Jun22

Jun23

Change In Receivables

0.09

-0.10

-0.04

FRNT Financial Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial								-0.02	-0.14	0.14	-0.37	0.05

FRNT Financial 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 $-0.33 Mil.

FRNT Financial (OTCPK:FRFLF) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.296	/	0.028	*	91
=	964.64

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

FRNT Financial'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)
=	2.931	-	0.315	+	0.75 * 0.296	+	0.5 * 0
=	2.84

FRNT Financial Change In Receivables Related Terms

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FRNT Financial (FRNT Financial) Business Description

Industry

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Traded in Other Exchanges

FRNT:Canada

Address

49 Wellington St E, Unit 200, Toronto, ON, CAN, M5E 1C9

Website

https://www.frnt.io

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

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