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Educational Development Corp (NAS:EDUC)
Change In Receivables
$0.00 Mil (As of May. 2014)

Educational Development Corp's change in receivables for the quarter that ended in May. 2014 was $0.00 Mil. It means Educational Development Corp's accounts receivables stayed the same from Feb. 2014 to May. 2014 .

Educational Development Corp's change in receivables for the fiscal year that ended in Feb. 2014 was $-0.56 Mil. It means Educational Development Corp's accounts receivables declined by $0.56 Mil from Feb. 2013 to Feb. 2014 .

Educational Development Corp's accounts receivables for the quarter that ended in May. 2014 was $3.52 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. Educational Development Corp's days sales outstanding for the three months ended in May. 2014 was 44.56.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Educational Development Corp's liquidation value for the three months ended in May. 2014 was $3.03 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.

Educational Development Corp's Days Sales Outstanding for the quarter that ended in May. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=3.515/7.178*91
=44.56

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

Educational Development Corp's liquidation value for the quarter that ended in May. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=0.303-5.341+0.75 * 3.515+0.5 * 10.856
=3.03

* 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.

Educational Development Corp Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
ChangeInReceivables -1.53-1.77-1.64-1.29-1.18-1.26-1.39-1.37-1.35-0.56

Educational Development Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
ChangeInReceivables -1.370.000.000.00-1.350.000.000.00-0.560.00
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