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Dow Chemical Co (NYSE:DOW)
Change In Receivables
$688 Mil (As of Sep. 2015)

Dow Chemical Co's change in receivables for the quarter that ended in Sep. 2015 was $688 Mil. It means Dow Chemical Co's accounts receivables increased by $688 Mil from Jun. 2015 to Sep. 2015 .

Dow Chemical Co's change in receivables for the fiscal year that ended in Dec. 2014 was $195 Mil. It means Dow Chemical Co's accounts receivables increased by $195 Mil from Dec. 2013 to Dec. 2014 .

Dow Chemical Co's accounts receivables for the quarter that ended in Sep. 2015 was $4,398 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. Dow Chemical Co's days sales outstanding for the three months ended in Sep. 2015 was 33.34.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Dow Chemical Co's liquidation value for the three months ended in Sep. 2015 was $-30,719 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.

Dow Chemical Co's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=4398/12036*91
=33.34

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

Dow Chemical Co's liquidation value for the quarter that ended in Sep. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=7623-45551+0.75 * 4398+0.5 * 7822
=-30,719

* 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.

Dow Chemical Co Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ChangeInReceivables 242-1,0022,853-990-171-4471161131950

Dow Chemical Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ChangeInReceivables 784205-721-83454545204-1906880
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