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Carnival Corp (NYSE:CCL)
Change In Receivables
$156 Mil (As of Aug. 2015)

Carnival Corp's change in receivables for the quarter that ended in Aug. 2015 was $156 Mil. It means Carnival Corp's accounts receivables increased by $156 Mil from May. 2015 to Aug. 2015 .

Carnival Corp's change in receivables for the fiscal year that ended in Nov. 2015 was $135 Mil. It means Carnival Corp's accounts receivables increased by $135 Mil from Nov. 2014 to Nov. 2015 .

Carnival Corp's accounts receivables for the quarter that ended in Aug. 2015 was $452 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. Carnival Corp's days sales outstanding for the three months ended in Aug. 2015 was 8.45.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Carnival Corp's liquidation value for the three months ended in Aug. 2015 was $-13,414 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.

Carnival Corp's Days Sales Outstanding for the quarter that ended in Aug. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=452/4883*91
=8.45

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

Carnival Corp's liquidation value for the quarter that ended in Aug. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=539-14444+0.75 * 452+0.5 * 305
=-13,414

* 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.

Carnival Corp Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
ChangeInReceivables 118-119-7081106-43-15296497135

Carnival Corp Quarterly Data

Aug13Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15
ChangeInReceivables -242468146-4135042-21-6415664
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