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GuruFocus has detected 2 Warning Signs with Walt Disney Co $DIS.
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Walt Disney Co (NYSE:DIS)
Change In Receivables
$-1,160 Mil (As of Dec. 2016)

Walt Disney Co's change in receivables for the quarter that ended in Dec. 2016 was $-1,160 Mil. It means Walt Disney Co's accounts receivables declined by $1,160 Mil from Sep. 2016 to Dec. 2016 .

Walt Disney Co's change in receivables for the fiscal year that ended in Sep. 2016 was $-393 Mil. It means Walt Disney Co's accounts receivables declined by $393 Mil from Sep. 2015 to Sep. 2016 .

Walt Disney Co's accounts receivables for the quarter that ended in Dec. 2016 was $9,878 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. Walt Disney Co's days sales outstanding for the three months ended in Dec. 2016 was 60.97.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Walt Disney Co's liquidation value for the three months ended in Dec. 2016 was $-36,572 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.

Walt Disney Co's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=9878/14784*91
=60.97

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

Walt Disney Co's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=3736-48366+0.75 * 9878+0.5 * 1299
=-36,572

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Walt Disney Co Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables -355-594468-686-518-108-374-480-211-393

Walt Disney Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables 63-1,027819-2118-2,3581,816-279428-1,160
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