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Dell Inc (NAS:DELL)
Change In Receivables
$-386 Mil (As of Jul. 2013)

Dell Inc's change in receivables for the quarter that ended in Jul. 2013 was $-386 Mil. It means Dell Inc's accounts receivables declined by $386 Mil from Apr. 2013 to Jul. 2013 .

Dell Inc's change in receivables for the fiscal year that ended in Jan. 2013 was $-343 Mil. It means Dell Inc's accounts receivables declined by $343 Mil from Jan. 2012 to Jan. 2013 .

Dell Inc's accounts receivables for the quarter that ended in Jul. 2013 was $9,722 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. Dell Inc's days sales outstanding for the three months ended in Jul. 2013 was 60.96.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Dell Inc's liquidation value for the three months ended in Jul. 2013 was $-15,237 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.

Dell Inc's Days Sales Outstanding for the quarter that ended in Jul. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=9722/14514*91
=60.96

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

Dell Inc's liquidation value for the quarter that ended in Jul. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=11828-35090+0.75 * 9722+0.5 * 1468
=-15,237

* 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.

Dell Inc Annual Data

Jan04Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13
ChangeInReceivables 0-841-980-707-1,300178-1,745-1,416-425-343

Dell Inc Quarterly Data

Apr11Jul11Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13
ChangeInReceivables 492-666-178-73232-693704-586200-386
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