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AGCO Corp (NYSE:AGCO)
Change In Receivables
$-168 Mil (As of Mar. 2015)

AGCO Corp's change in receivables for the quarter that ended in Mar. 2015 was $-168 Mil. It means AGCO Corp's accounts receivables declined by $168 Mil from Dec. 2014 to Mar. 2015 .

AGCO Corp's change in receivables for the fiscal year that ended in Dec. 2014 was $-104 Mil. It means AGCO Corp's accounts receivables declined by $104 Mil from Dec. 2013 to Dec. 2014 .

AGCO Corp's accounts receivables for the quarter that ended in Mar. 2015 was $1,027 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. AGCO Corp's days sales outstanding for the three months ended in Mar. 2015 was 55.05.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. AGCO Corp's liquidation value for the three months ended in Mar. 2015 was $-2,177 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.

AGCO Corp's Days Sales Outstanding for the quarter that ended in Mar. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1027.1/1702.6*91
=55.05

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

AGCO Corp's liquidation value for the quarter that ended in Mar. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=338.9-4206.1+0.75 * 1027.1+0.5 * 1840.7
=-2,177

* 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.

AGCO Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ChangeInReceivables 10433-3-20824110-041-36-104

AGCO Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ChangeInReceivables 173-220-170144209-254-1712048-168
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