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GuruFocus has detected 3 Warning Signs with AmerisourceBergen Corp $ABC.
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AmerisourceBergen Corp (NYSE:ABC)
Change In Receivables
$-537 Mil (As of Dec. 2016)

AmerisourceBergen Corp's change in receivables for the quarter that ended in Dec. 2016 was $-537 Mil. It means AmerisourceBergen Corp's accounts receivables declined by $537 Mil from Sep. 2016 to Dec. 2016 .

AmerisourceBergen Corp's change in receivables for the fiscal year that ended in Sep. 2016 was $-913 Mil. It means AmerisourceBergen Corp's accounts receivables declined by $913 Mil from Sep. 2015 to Sep. 2016 .

AmerisourceBergen Corp's accounts receivables for the quarter that ended in Dec. 2016 was $9,696 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 Dec. 2016 was 23.18.

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 Dec. 2016 was $-17,032 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 Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=9696.2/38169.265*91
=23.18

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 Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=1791.134-31802.715+0.75 * 9696.2+0.5 * 11414.771
=-17,032

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

AmerisourceBergen Corp Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables -2299-45861-2472-2,313-938-1,479-913

AmerisourceBergen Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables -402-767-44-58-610-76-396-233-207-537
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