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Devon Energy Corp (NYSE:DVN)
Change In Receivables
$829 Mil (As of Mar. 2015)

Devon Energy Corp's change in receivables for the quarter that ended in Mar. 2015 was $829 Mil. It means Devon Energy Corp's accounts receivables increased by $829 Mil from Dec. 2014 to Mar. 2015 .

Devon Energy Corp's change in receivables for the fiscal year that ended in Dec. 2014 was $-339 Mil. It means Devon Energy Corp's accounts receivables declined by $339 Mil from Dec. 2013 to Dec. 2014 .

Devon Energy Corp's accounts receivables for the quarter that ended in Mar. 2015 was $1,613 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 Mar. 2015 was 45.08.

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 Mar. 2015 was $-24,277 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 Mar. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1613/3265*91
=45.08

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 Mar. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=1858-27345+0.75 * 1613+0.5 * 0
=-24,277

* 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.

Devon Energy Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ChangeInReceivables -15191-32918714223-185140-259-339

Devon Energy Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
ChangeInReceivables -135-122-1781328-424190209-314829
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