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Accenture PLC (NYSE:ACN)
Change In Receivables
$-223 Mil (As of May. 2014)

Accenture PLC's change in receivables for the quarter that ended in May. 2014 was $-223 Mil. It means Accenture PLC's accounts receivables declined by $223 Mil from Feb. 2014 to May. 2014 .

Accenture PLC's change in receivables for the fiscal year that ended in Aug. 2013 was $-310 Mil. It means Accenture PLC's accounts receivables declined by $310 Mil from Aug. 2012 to Aug. 2013 .

Accenture PLC's accounts receivables for the quarter that ended in May. 2014 was $3,805 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. Accenture PLC's days sales outstanding for the three months ended in May. 2014 was 42.02.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Accenture PLC's liquidation value for the three months ended in May. 2014 was $-4,494 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.

Accenture PLC's Days Sales Outstanding for the quarter that ended in May. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=3804.826/8240.18*91
=42.02

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

Accenture PLC's liquidation value for the quarter that ended in May. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=4051.546-11398.753+0.75 * 3804.826+0.5 * 0
=-4,494

* 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.

Accenture PLC Annual Data

Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14
ChangeInReceivables -653310-7-762982-377-620-128-3100

Accenture PLC Quarterly Data

May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14
ChangeInReceivables -201336-418125244-273-2-2230
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