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GuruFocus has detected 3 Warning Signs with Cheesecake Factory Inc \$CAKE.
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Cheesecake Factory Inc (NAS:CAKE)
Change In Receivables
\$-36 Mil (As of Dec. 2016)

Cheesecake Factory Inc's change in receivables for the quarter that ended in Dec. 2016 was \$-36 Mil. It means Cheesecake Factory Inc's accounts receivables declined by \$36 Mil from Sep. 2016 to Dec. 2016 .

Cheesecake Factory Inc's change in receivables for the fiscal year that ended in Dec. 2016 was \$7 Mil. It means Cheesecake Factory Inc's accounts receivables increased by \$7 Mil from Dec. 2015 to Dec. 2016 .

Cheesecake Factory Inc's accounts receivables for the quarter that ended in Dec. 2016 was \$16 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. 2016 was 2.36.

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. 2016 was \$-607 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. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 15.632 / 603.146 * 91 = 2.36

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. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 53.839 - 690.112 + 0.75 * 15.632 + 0.5 * 34.926 = -607

* 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.

Cheesecake Factory Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInReceivables -18 27 7 -5 0 -19 -2 -12 -9 7

Cheesecake Factory Inc Quarterly Data

 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 ChangeInReceivables -6 -31 35 0 -4 -41 43 2 -3 -36
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