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Avon Products Inc (NYSE:AVP)
Change In Receivables
$-52 Mil (As of Jun. 2015)

Avon Products Inc's change in receivables for the quarter that ended in Jun. 2015 was $-52 Mil. It means Avon Products Inc's accounts receivables declined by $52 Mil from Mar. 2015 to Jun. 2015 .

Avon Products Inc's change in receivables for the fiscal year that ended in Dec. 2014 was $-183 Mil. It means Avon Products Inc's accounts receivables declined by $183 Mil from Dec. 2013 to Dec. 2014 .

Avon Products Inc's accounts receivables for the quarter that ended in Jun. 2015 was $524 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. Avon Products Inc's days sales outstanding for the three months ended in Jun. 2015 was 26.21.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Avon Products Inc's liquidation value for the three months ended in Jun. 2015 was $-3,443 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.

Avon Products Inc's Days Sales Outstanding for the quarter that ended in Jun. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=523.7/1823.4*91
=26.21

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

Avon Products Inc's liquidation value for the quarter that ended in Jun. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=696.9-4941.8+0.75 * 523.7+0.5 * 818.7
=-3,443

* 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.

Avon Products Inc Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ChangeInReceivables -164-188-237-175-260-280-242-241-235-183

Avon Products Inc Quarterly Data

Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15
ChangeInReceivables -63-41-62-71-42-49-29-63-28-52
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