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Cyberonics Inc (NAS:CYBX)
Change In Receivables
$2.1 Mil (As of Jul. 2014)

Cyberonics Inc's change in receivables for the quarter that ended in Jul. 2014 was $2.1 Mil. It means Cyberonics Inc's accounts receivables increased by $2.1 Mil from Apr. 2014 to Jul. 2014 .

Cyberonics Inc's change in receivables for the fiscal year that ended in Apr. 2014 was $-10.7 Mil. It means Cyberonics Inc's accounts receivables declined by $10.7 Mil from Apr. 2013 to Apr. 2014 .

Cyberonics Inc's accounts receivables for the quarter that ended in Jul. 2014 was $48.3 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. Cyberonics Inc's days sales outstanding for the three months ended in Jul. 2014 was 61.04.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Cyberonics Inc's liquidation value for the three months ended in Jul. 2014 was $152.7 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.

Cyberonics Inc's Days Sales Outstanding for the quarter that ended in Jul. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=48.297/72.004*91
=61.04

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

Cyberonics Inc's liquidation value for the quarter that ended in Jul. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=132.727-25.599+0.75 * 48.297+0.5 * 18.686
=152.7

* 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.

Cyberonics Inc Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ChangeInReceivables 0.7-5.02.8-0.3-3.3-3.8-2.0-1.2-10.2-10.7

Cyberonics Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
ChangeInReceivables -1.2-2.8-4.91.4-10.2-0.4-2.00.1-8.42.1
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