Fortress Minerals (SGX:OAJ) Change In Receivables : S$-2.99 Mil (TTM As of Aug. 2023)

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What is Fortress Minerals Change In Receivables?

Fortress Minerals's change in receivables for the quarter that ended in Aug. 2023 was S$0.31 Mil. It means Fortress Minerals's Accounts Receivable declined by S$0.31 Mil from May. 2023 to Aug. 2023 .

Fortress Minerals's change in receivables for the fiscal year that ended in Feb. 2023 was S$-2.59 Mil. It means Fortress Minerals's Accounts Receivable increased by S$2.59 Mil from Feb. 2022 to Feb. 2023 .

Fortress Minerals's Accounts Receivable for the quarter that ended in Aug. 2023 was S$6.91 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. Fortress Minerals's Days Sales Outstanding for the three months ended in Aug. 2023 was 26.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Fortress Minerals's liquidation value for the three months ended in Aug. 2023 was S$-13.91 Mil.

Fortress Minerals Change In Receivables Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Change In Receivables Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Change In Receivables

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-1.97

-2.56

-13.46

10.42

-2.59

Fortress Minerals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Change In Receivables	Get a 7-Day Free Trial															1.95	3.03	-3.13	-3.20	0.31

Fortress Minerals 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 Aug. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was S$-2.99 Mil.

Fortress Minerals (SGX:OAJ) 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.

Fortress Minerals's Days Sales Outstanding for the quarter that ended in Aug. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.912	/	23.392	*	91
=	26.96

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

Fortress Minerals's liquidation value for the quarter that ended in Aug. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.973	-	35.31	+	0.75 * 6.912	+	0.5 * 4.488
=	-13.91

Fortress Minerals Change In Receivables Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Change In Receivables

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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