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AmerisourceBergen Corp (NYSE:ABC)
Change In Receivables
$-336 Mil (As of Mar. 2014)

AmerisourceBergen Corp's change in receivables for the quarter that ended in Mar. 2014 was $-336 Mil. It means AmerisourceBergen Corp's accounts receivables declined by $336 Mil from Dec. 2013 to Mar. 2014 .

AmerisourceBergen Corp's change in receivables for the fiscal year that ended in Sep. 2013 was $-2,313 Mil. It means AmerisourceBergen Corp's accounts receivables declined by $2,313 Mil from Sep. 2012 to Sep. 2013 .

AmerisourceBergen Corp's accounts receivables for the quarter that ended in Mar. 2014 was $6,506 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 receivables are being managed. AmerisourceBergen Corp's days sales outstanding for the three months ended in Mar. 2014 was 20.81.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. AmerisourceBergen Corp's liquidation value for the three months ended in Mar. 2014 was $-8,393 Mil.


Definition

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.


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 receivables are being managed.

AmerisourceBergen Corp's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=6506.412/28455.903*91
=20.81

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

AmerisourceBergen Corp's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=696.73-18215.732+0.75 * 6506.412+0.5 * 8493.269
=-8,393

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

AmerisourceBergen Corp Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ChangeInReceivables -267-393-680-2299-45861-1672-2,313

AmerisourceBergen Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInReceivables 230-13325-51-42911-418-1,477-159-336
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