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Finisar Corp (NAS:FNSR)
Change In Receivables
$18 Mil (As of Oct. 2014)

Finisar Corp's change in receivables for the quarter that ended in Oct. 2014 was $18 Mil. It means Finisar Corp's accounts receivables increased by $18 Mil from Jul. 2014 to Oct. 2014 .

Finisar Corp's change in receivables for the fiscal year that ended in Apr. 2014 was $-74 Mil. It means Finisar Corp's accounts receivables declined by $74 Mil from Apr. 2013 to Apr. 2014 .

Finisar Corp's accounts receivables for the quarter that ended in Oct. 2014 was $214 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. Finisar Corp's days sales outstanding for the three months ended in Oct. 2014 was 65.67.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Finisar Corp's liquidation value for the three months ended in Oct. 2014 was $307 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.

Finisar Corp's Days Sales Outstanding for the quarter that ended in Oct. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=213.721/296.981*91
=65.67

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

Finisar Corp's liquidation value for the quarter that ended in Oct. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=477.43-473.004+0.75 * 213.721+0.5 * 284.789
=307

* 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.

Finisar Corp Annual Data

Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13Apr14
ChangeInReceivables -13-1529-33-46-411222-74

Finisar Corp Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
ChangeInReceivables -82306-24-15-9-26-618
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