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Cascade Corporation (NYSE:CASC)
Change In Receivables
$8.5 Mil (As of Jan. 2013)

Cascade Corporation's change in receivables for the quarter that ended in Jan. 2013 was $8.5 Mil. It means Cascade Corporation's accounts receivables increased by $8.5 Mil from Oct. 2012 to Jan. 2013 .

Cascade Corporation's change in receivables for the fiscal year that ended in Jan. 2013 was $0.1 Mil. It means Cascade Corporation's accounts receivables increased by $0.1 Mil from Jan. 2012 to Jan. 2013 .

Cascade Corporation's accounts receivables for the quarter that ended in Jan. 2013 was $76.0 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. Cascade Corporation's days sales outstanding for the three months ended in Jan. 2013 was 56.09.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Cascade Corporation's liquidation value for the three months ended in Jan. 2013 was $68.5 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.

Cascade Corporation's Days Sales Outstanding for the quarter that ended in Jan. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=75.962/123.57*91
=56.09

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

Cascade Corporation's liquidation value for the quarter that ended in Jan. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=46.543-79.169+0.75 * 75.962+0.5 * 88.297
=68.5

* 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.

Cascade Corporation Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
ChangeInReceivables -9.8-12.82.0-3.9-9.821.418.2-14.0-11.00.1

Cascade Corporation Quarterly Data

Oct10Jan11Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13
ChangeInReceivables -7.47.0-19.62.4-0.66.8-10.42.9-0.98.5
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