Switch to:
GuruFocus has detected 9 Warning Signs with Sothebys \$BID.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Sothebys (NYSE:BID)
Change In Receivables
\$-3.7 Mil (As of Dec. 2016)

Sothebys's change in receivables for the quarter that ended in Dec. 2016 was \$-3.7 Mil. It means Sothebys's accounts receivables declined by \$3.7 Mil from Sep. 2016 to Dec. 2016 .

Sothebys's change in receivables for the fiscal year that ended in Dec. 2016 was \$437.4 Mil. It means Sothebys's accounts receivables increased by \$437.4 Mil from Dec. 2015 to Dec. 2016 .

Sothebys's accounts receivables for the quarter that ended in Dec. 2016 was \$433.6 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. Sothebys's days sales outstanding for the three months ended in Dec. 2016 was 128.18.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Sothebys's liquidation value for the three months ended in Dec. 2016 was \$-1,098.2 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.

Sothebys's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 433.614 / 308.689 * 91 = 128.18

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

Sothebys's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 496.031 - 1999.008 + 0.75 * 433.614 + 0.5 * 159.043 = -1,098.2

* 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.

Sothebys Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInReceivables -444.9 177.5 198.9 -311.8 89.7 -50.4 -188.2 -178.3 -14.2 437.4

Sothebys Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 ChangeInReceivables 490.9 -454.5 414.1 -343.0 555.6 -640.9 342.6 -280.4 379.0 -3.7
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)