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AeroVironment Inc (NAS:AVAV)
Change In Receivables
$8.1 Mil (As of Apr. 2014)

AeroVironment Inc's change in receivables for the quarter that ended in Apr. 2014 was $8.1 Mil. It means AeroVironment Inc's accounts receivables increased by $8.1 Mil from Jan. 2014 to Apr. 2014 .

AeroVironment Inc's change in receivables for the fiscal year that ended in Apr. 2014 was $-6.4 Mil. It means AeroVironment Inc's accounts receivables declined by $6.4 Mil from Apr. 2013 to Apr. 2014 .

AeroVironment Inc's accounts receivables for the quarter that ended in Apr. 2014 was $49.3 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. AeroVironment Inc's days sales outstanding for the three months ended in Apr. 2014 was 60.98.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. AeroVironment Inc's liquidation value for the three months ended in Apr. 2014 was $217.4 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.

AeroVironment Inc's Days Sales Outstanding for the quarter that ended in Apr. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=49.252/73.498*91
=60.98

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

AeroVironment Inc's liquidation value for the quarter that ended in Apr. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=197.608-42.487+0.75 * 49.252+0.5 * 50.699
=217.4

* 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.

AeroVironment Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ChangeInReceivables -5.0-6.3-7.8-16.1-13.38.2-8.9-17.440.1-6.4

AeroVironment Inc Quarterly Data

Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14
ChangeInReceivables -1.6-34.78.35.214.312.4-1.4-7.7-5.58.1
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