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GuruFocus has detected 2 Warning Signs with Anglogold Ashanti Ltd \$AU.
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Anglogold Ashanti Ltd (NYSE:AU)
Change In Receivables
\$0 Mil (As of Dec. 2016)

Anglogold Ashanti Ltd's change in receivables for the quarter that ended in Dec. 2016 was \$0 Mil. It means Anglogold Ashanti Ltd's accounts receivables stayed the same from Jun. 2016 to Dec. 2016 .

Anglogold Ashanti Ltd's change in receivables for the fiscal year that ended in Dec. 2016 was \$-131 Mil. It means Anglogold Ashanti Ltd's accounts receivables declined by \$131 Mil from Dec. 2015 to Dec. 2016 .

Anglogold Ashanti Ltd's accounts receivables for the quarter that ended in Dec. 2016 was \$170 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. Anglogold Ashanti Ltd's days sales outstanding for the three months ended in Dec. 2016 was 13.42.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Anglogold Ashanti Ltd's liquidation value for the three months ended in Dec. 2016 was \$-3,755 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.

Anglogold Ashanti Ltd's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 170 / 1156 * 91 = 13.42

2. In Ben Grahams calculation of liquidation value, Anglogold Ashanti Ltd's accounts receivable are only considered to be worth 75% of book value:

Anglogold Ashanti Ltd'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) = 220 - 4438 + 0.75 * 170 + 0.5 * 672 = -3,755

* 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.

Anglogold Ashanti Ltd Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInReceivables -77 -7 -44 -153 -13 -117 69 52 108 -131

Anglogold Ashanti Ltd Quarterly Data

 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Jun16 Dec16 ChangeInReceivables -36 20 33 35 14 57 -2 38 -88 0
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