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Benchmark Electronics (NYSE:BHE)
Change In Receivables
$-104 Mil (As of Dec. 2013)

Benchmark Electronics's change in receivables for the quarter that ended in Dec. 2013 was $-104 Mil. It means Benchmark Electronics's accounts receivables declined by $104 Mil from Sep. 2013 to Dec. 2013 .

Benchmark Electronics's change in receivables for the fiscal year that ended in Dec. 2013 was $-57 Mil. It means Benchmark Electronics's accounts receivables declined by $57 Mil from Dec. 2012 to Dec. 2013 .

Benchmark Electronics's accounts receivables for the quarter that ended in Dec. 2013 was $563 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. Benchmark Electronics's days sales outstanding for the three months ended in Dec. 2013 was 67.69.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Benchmark Electronics's liquidation value for the three months ended in Dec. 2013 was $536 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.

Benchmark Electronics's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=562.994/756.843*91
=67.69

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

Benchmark Electronics's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=345.555-430.338+0.75 * 562.994+0.5 * 396.699
=536

* 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.

Benchmark Electronics Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ChangeInReceivables -42-114-106112616-40280-57

Benchmark Electronics Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables -1235-49153-440-3542-104
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