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GuruFocus has detected 3 Warning Signs with Accenture PLC \$ACN.
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Accenture PLC (NYSE:ACN)
Change In Receivables
\$-83 Mil (As of Feb. 2017)

Accenture PLC's change in receivables for the quarter that ended in Feb. 2017 was \$-83 Mil. It means Accenture PLC's accounts receivables declined by \$83 Mil from Nov. 2016 to Feb. 2017 .

Accenture PLC's change in receivables for the fiscal year that ended in Aug. 2016 was \$-177 Mil. It means Accenture PLC's accounts receivables declined by \$177 Mil from Aug. 2015 to Aug. 2016 .

Accenture PLC's accounts receivables for the quarter that ended in Feb. 2017 was \$4,452 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 Feb. 2017 was 46.37.

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 Feb. 2017 was \$-5,534 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 Feb. 2017 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 4452.252 / 8762.182 * 91 = 46.37

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 Feb. 2017 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 3241.364 - 12114.528 + 0.75 * 4452.252 + 0.5 * 0 = -5,534

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

Related Terms

Historical Data

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

Accenture PLC Annual Data

 Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 ChangeInReceivables -7 -762 982 -377 -620 -128 -310 -465 -159 -177

Accenture PLC Quarterly Data

 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 ChangeInReceivables -34 -21 -13 -91 -244 71 -256 252 -279 -83
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