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Aspen Technology Inc (NAS:AZPN)
Change In Receivables
$1.7 Mil (As of Mar. 2014)

Aspen Technology Inc's change in receivables for the quarter that ended in Mar. 2014 was $1.7 Mil. It means Aspen Technology Inc's accounts receivables increased by $1.7 Mil from Dec. 2013 to Mar. 2014 .

Aspen Technology Inc's change in receivables for the fiscal year that ended in Jun. 2013 was $32.9 Mil. It means Aspen Technology Inc's accounts receivables increased by $32.9 Mil from Jun. 2012 to Jun. 2013 .

Aspen Technology Inc's accounts receivables for the quarter that ended in Mar. 2014 was $34.6 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. Aspen Technology Inc's days sales outstanding for the three months ended in Mar. 2014 was 30.36.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Aspen Technology Inc's liquidation value for the three months ended in Mar. 2014 was $-14.1 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.

Aspen Technology Inc's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=34.556/103.587*91
=30.36

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

Aspen Technology Inc's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=256.84-296.827+0.75 * 34.556+0.5 * 0
=-14.1

* 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.

Aspen Technology Inc Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ChangeInReceivables 42.14.5-3.4-31.9-12.229.4107.478.353.532.9

Aspen Technology Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInReceivables 6.022.810.119.9-2.216.4-1.24.211.81.7
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