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GuruFocus has detected 2 Warning Signs with Cyberonics Inc \$CYBX.
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Cyberonics Inc (NAS:CYBX)
Change In Receivables
\$16.1 Mil (As of Sep. 2016)

Cyberonics Inc's change in receivables for the quarter that ended in Sep. 2016 was \$16.1 Mil. It means Cyberonics Inc's accounts receivables increased by \$16.1 Mil from Jun. 2016 to Sep. 2016 .

Cyberonics Inc's change in receivables for the fiscal year that ended in Apr. 2015 was \$-2.7 Mil. It means Cyberonics Inc's accounts receivables declined by \$2.7 Mil from Apr. 2014 to Apr. 2015 .

Cyberonics Inc's accounts receivables for the quarter that ended in Sep. 2016 was \$284.3 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 Sep. 2016 was 87.87.

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 Sep. 2016 was \$-304.4 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 Sep. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 284.345 / 295.268 * 91 = 87.87

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 Sep. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 63.632 - 680.073 + 0.75 * 284.345 + 0.5 * 197.649 = -304.4

* 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.

Cyberonics Inc Annual Data

 Apr06 Apr07 Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 ChangeInReceivables -5.0 2.8 -0.3 -3.3 -3.8 -2.0 -1.2 -10.2 -10.7 -2.7

Cyberonics Inc Quarterly Data

 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Dec15 Mar16 Jun16 Sep16 ChangeInReceivables 2.1 -0.8 -0.2 -3.8 -4.5 9.7 -21.0 -8.4 -18.7 16.1
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