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Devon Energy Corp (NYSE:DVN)
Change In Receivables
\$87 Mil (As of Sep. 2016)

Devon Energy Corp's change in receivables for the quarter that ended in Sep. 2016 was \$87 Mil. It means Devon Energy Corp's accounts receivables increased by \$87 Mil from Jun. 2016 to Sep. 2016 .

Devon Energy Corp's change in receivables for the fiscal year that ended in Dec. 2015 was \$1,326 Mil. It means Devon Energy Corp's accounts receivables increased by \$1,326 Mil from Dec. 2014 to Dec. 2015 .

Devon Energy Corp's accounts receivables for the quarter that ended in Sep. 2016 was \$966 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. Devon Energy Corp's days sales outstanding for the three months ended in Sep. 2016 was 20.82.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Devon Energy Corp's liquidation value for the three months ended in Sep. 2016 was \$-17,864 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.

Devon Energy Corp's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 966 / 4233 * 91 = 20.82

2. In Ben Grahams calculation of liquidation value, Devon Energy Corp's accounts receivable are only considered to be worth 75% of book value:

Devon Energy Corp'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) = 2385 - 20973 + 0.75 * 966 + 0.5 * 0 = -17,864

* 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.

Devon Energy Corp Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 ChangeInReceivables 91 -329 291 142 23 -185 85 -259 -339 1,326

Devon Energy Corp Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ChangeInReceivables 190 209 -314 404 27 371 99 146 -154 87
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