FirstService Corporation Accounts Receivables 2011-2026 | FSV

Accounts receivable — is the amount of money owed to a company by other organizations, individuals, or the government. It arises when a company has already delivered goods, performed work, or provided services, but has not yet received payment for them.

Examples of accounts receivable

Customers have not paid invoices for delivered products
An advance has been paid to a supplier, but goods have not yet been received
Employees have not reported on accountable amounts
The government must refund tax overpayments
Outstanding loans issued

Importance of accounts receivable in company analysis

Asset quality
Accounts receivable are part of current assets. But they are not cash — they are promises. Investors assess how realistic these promises are to be collected. The higher the share of overdue or doubtful receivables, the greater the risk of asset impairment.
Impact on cash flow
Even if a company shows a profit, the money can be "tied up" in receivables. This means profit does not turn into actual cash, and the company may face liquidity shortages.
Assessment of management efficiency
The following accounts receivable turnover ratios are commonly used:
Receivables turnover = Revenue / Average accounts receivable
(the higher — the better)

Days Sales Outstanding (DSO) = 365 / Turnover
(the fewer days — the faster customers pay)

If the DSO is constantly increasing — this is a red flag — customers are delaying payments, and money gets stuck in settlements.

Annual Accounts Receivables FirstService Corporation

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	-	-	-	-	419 M	394 M	240 M	182 M	164 M	115 M	-	-	-	-

All numbers in USD currency

Indicator range from annual reports

Maximum	Minimum	Average
419 M	115 M	252 M

Quarterly Accounts Receivables FirstService Corporation

2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	552 M	-	-	-	419 M	-	-	-	394 M	-	-	-	240 M	-	-	-	186 M	-	-	-	164 M	-	-	-	115 M	-	-	-	115 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in USD currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
552 M	115 M	273 M

Accounts Receivables of other stocks in the Real estate services industry

Issuer	Accounts Receivables	Price	% 24h	Market Cap	Country
Leju Holdings Limited LEJU	203 M	-	-4.46 %	$ 14.7 M	China
MDJM Ltd. MDJH	4.06 M	-	1.01 %	$ 1.87 M	China
Fangdd Network Group Ltd. DUO	196 M	$ 1.14	0.01 %	$ 10.2 M	China
AMREP Corporation AXR	5.9 M	$ 26.83	0.22 %	$ 143 M	USA
Nam Tai Property NTP	1.03 M	-	-	$ 165 M	China
Gyrodyne, LLC GYRO	155 K	$ 7.99	-	$ 17.6 M	USA
Q&K International Group Limited QK	1.94 M	-	0.74 %	$ 30.1 M	China
Fathom Holdings FTHM	3.72 M	$ 0.87	24.97 %	$ 24.5 M	USA
Colliers International Group CIGI	372 M	$ 109.99	1.79 %	$ 5.59 B	Canada
Redfin Corporation RDFN	48.7 M	-	-	$ 1.36 B	USA
Comstock Mining LODE	1.29 M	$ 3.27	-0.15 %	$ 120 M	USA
CoStar Group CSGP	154 M	$ 39.35	-0.34 %	$ 15.6 B	USA
KE Holdings BEKE	5.3 B	$ 15.88	6.34 %	$ 54.1 B	China
Cushman & Wakefield plc CWK	1.52 B	$ 13.5	6.38 %	$ 3.12 B	Britain
CBRE Group CBRE	8.28 B	$ 142.91	3.53 %	$ 42.6 B	USA
CKX Lands CKX	105 K	$ 10.3	-2.74 %	$ 20.3 M	USA
Newmark Group NMRK	569 M	$ 15.35	4.78 %	$ 2.74 B	USA
eXp World Holdings EXPI	109 M	$ 6.04	5.78 %	$ 948 M	USA
Jones Lang LaSalle Incorporated JLL	2.3 B	$ 320.23	4.04 %	$ 15.2 B	USA
Kennedy-Wilson Holdings KW	38.7 M	$ 10.88	0.09 %	$ 1.5 B	USA
Realogy Holdings Corp. RLGY	101 M	-	-1.39 %	$ 1.43 B	USA
The RMR Group RMR	30.7 M	$ 16.01	1.27 %	$ 266 M	USA
FRP Holdings FRPH	1.05 M	$ 22.74	2.76 %	$ 214 M	USA
J.W. Mays MAYS	3.96 M	$ 39.78	-	$ 80.2 M	USA
New England Realty Associates Limited Partnership NEN	656 K	$ 59.13	3.73 %	$ 165 M	USA
RE/MAX Holdings RMAX	16 M	$ 5.85	2.18 %	$ 118 M	USA