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GuruFocus has detected 4 Warning Signs with Accenture PLC $ACN.
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Accenture PLC (NYSE:ACN)
Change In Receivables
$-279 Mil (As of Nov. 2016)

Accenture PLC's change in receivables for the quarter that ended in Nov. 2016 was $-279 Mil. It means Accenture PLC's accounts receivables declined by $279 Mil from Aug. 2016 to Nov. 2016 .

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 Nov. 2016 was $4,299 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 Nov. 2016 was 43.56.

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 Nov. 2016 was $-5,723 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 Nov. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=4298.605/9005.603*91
=43.56

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 Nov. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=4079.569-13026.648+0.75 * 4298.605+0.5 * 0
=-5,723

* 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.

Accenture PLC Annual Data

Aug07Aug08Aug09Aug10Aug11Aug12Aug13Aug14Aug15Aug16
ChangeInReceivables -7-762982-377-620-128-310-465-159-177

Accenture PLC Quarterly Data

Aug14Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16
ChangeInReceivables -133-34-21-13-91-24471-256252-279
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