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AeroVironment Inc (NAS:AVAV)
Change In Receivables
\$23.2 Mil (As of Jul. 2016)

AeroVironment Inc's change in receivables for the quarter that ended in Jul. 2016 was \$23.2 Mil. It means AeroVironment Inc's accounts receivables increased by \$23.2 Mil from Apr. 2016 to Jul. 2016 .

AeroVironment Inc's change in receivables for the fiscal year that ended in Apr. 2016 was \$-23.8 Mil. It means AeroVironment Inc's accounts receivables declined by \$23.8 Mil from Apr. 2015 to Apr. 2016 .

AeroVironment Inc's accounts receivables for the quarter that ended in Jul. 2016 was \$32.6 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 Jul. 2016 was 82.22.

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 Jul. 2016 was \$232.6 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 Jul. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 32.635 / 36.218 * 91 = 82.22

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 Jul. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 224.115 - 38.054 + 0.75 * 32.635 + 0.5 * 44.105 = 232.6

* 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.

AeroVironment Inc Annual Data

 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 ChangeInReceivables -7.8 -16.1 -13.3 8.2 -8.9 -17.4 40.1 -6.4 -1.6 -23.8

AeroVironment Inc Quarterly Data

 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 ChangeInReceivables 8.1 15.1 -8.8 -5.0 -2.8 3.3 -9.6 4.1 -21.7 23.2
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