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Cheesecake Factory, Inc. (NAS:CAKE)
Change In Receivables
$-23 Mil (As of Dec. 2013)

Cheesecake Factory, Inc.'s change in receivables for the quarter that ended in Dec. 2013 was $-23 Mil. It means Cheesecake Factory, Inc.'s accounts receivables declined by $23 Mil from Sep. 2013 to Dec. 2013 .

Cheesecake Factory, Inc.'s change in receivables for the fiscal year that ended in Dec. 2013 was $-2 Mil. It means Cheesecake Factory, Inc.'s accounts receivables declined by $2 Mil from Dec. 2012 to Dec. 2013 .

Cheesecake Factory, Inc.'s accounts receivables for the quarter that ended in Dec. 2013 was $70 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. Cheesecake Factory, Inc.'s days sales outstanding for the three months ended in Dec. 2013 was 13.42.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Cheesecake Factory, Inc.'s liquidation value for the three months ended in Dec. 2013 was $-415 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.

Cheesecake Factory, Inc.'s Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=70.071/475.075*91
=13.42

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

Cheesecake Factory, Inc.'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)
=61.751-546.761+0.75 * 70.071+0.5 * 35.478
=-415

* 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.

Cheesecake Factory, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ChangeInReceivables -6-3-25-18277-50-19-2

Cheesecake Factory, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables -7-1016-8-7-2128-4-3-23
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