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GuruFocus has detected 5 Warning Signs with Bank of New York Mellon Corp \$BK.
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Bank of New York Mellon Corp (NYSE:BK)
Change In Receivables
\$0 Mil (As of Sep. 2016)

Bank of New York Mellon Corp's change in receivables for the quarter that ended in Sep. 2016 was \$0 Mil. It means Bank of New York Mellon Corp's accounts receivables stayed the same from Jun. 2016 to Sep. 2016 .

Bank of New York Mellon Corp's change in receivables for the fiscal year that ended in Dec. 2015 was \$0 Mil. It means Bank of New York Mellon Corp's accounts receivables stayed the same from Dec. 2014 to Dec. 2015 .

Bank of New York Mellon Corp's accounts receivables for the quarter that ended in Sep. 2016 was \$522 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. Bank of New York Mellon Corp's days sales outstanding for the three months ended in Sep. 2016 was 12.09.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Bank of New York Mellon Corp's liquidation value for the three months ended in Sep. 2016 was \$-234,296 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.

Bank of New York Mellon Corp's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 522 / 3941 * 91 = 12.09

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

Bank of New York Mellon Corp's liquidation value for the quarter that ended in Sep. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 99732 - 334419 + 0.75 * 522 + 0.5 * 0 = -234,296

* 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.

Bank of New York Mellon Corp Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 ChangeInReceivables 0 0 0 0 0 0 0 0 0 0

Bank of New York Mellon Corp Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ChangeInReceivables 0 0 0 0 0 0 0 0 0 0
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