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GuruFocus has detected 6 Warning Signs with Educational Development Corp \$EDUC.
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Educational Development Corp (NAS:EDUC)
Change In Receivables
\$0.00 Mil (As of Nov. 2016)

Educational Development Corp's change in receivables for the quarter that ended in Nov. 2016 was \$0.00 Mil. It means Educational Development Corp's accounts receivables stayed the same from Aug. 2016 to Nov. 2016 .

Educational Development Corp's change in receivables for the fiscal year that ended in Feb. 2016 was \$-0.68 Mil. It means Educational Development Corp's accounts receivables declined by \$0.68 Mil from Feb. 2015 to Feb. 2016 .

Educational Development Corp's accounts receivables for the quarter that ended in Nov. 2016 was \$3.95 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 Nov. 2016 was 11.74.

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 Nov. 2016 was \$-35.22 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 Nov. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 3.949 / 30.698 * 91 = 11.74

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 Nov. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 0.98 - 56.266 + 0.75 * 3.949 + 0.5 * 34.204 = -35.22

* 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.

Educational Development Corp Annual Data

 Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 ChangeInReceivables -1.64 -1.29 -1.18 -1.26 -1.39 -1.37 -1.35 -0.56 -1.36 -0.68

Educational Development Corp Quarterly Data

 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 ChangeInReceivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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