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Forest Laboratories Inc (NYSE:FRX)
Change In Receivables
\$-85 Mil (As of Mar. 2014)

Forest Laboratories Inc's change in receivables for the quarter that ended in Mar. 2014 was \$-85 Mil. It means Forest Laboratories Inc's accounts receivables declined by \$85 Mil from Dec. 2013 to Mar. 2014 .

Forest Laboratories Inc's change in receivables for the fiscal year that ended in Mar. 2014 was \$23 Mil. It means Forest Laboratories Inc's accounts receivables increased by \$23 Mil from Mar. 2013 to Mar. 2014 .

Forest Laboratories Inc's accounts receivables for the quarter that ended in Mar. 2014 was \$577 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. Forest Laboratories Inc's days sales outstanding for the three months ended in Mar. 2014 was 48.19.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Forest Laboratories Inc's liquidation value for the three months ended in Mar. 2014 was \$-2,960 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.

Forest Laboratories Inc's Days Sales Outstanding for the quarter that ended in Mar. 2014 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 576.854 / 1092.278 * 91 = 48.19

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

Forest Laboratories Inc's liquidation value for the quarter that ended in Mar. 2014 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 2153.05 - 5851.967 + 0.75 * 576.854 + 0.5 * 612.664 = -2,960

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Forest Laboratories Inc Annual Data

 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 ChangeInReceivables -36 -43 -16 -63 -3 -26 -60 64 -6 23

Forest Laboratories Inc Quarterly Data

 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 ChangeInReceivables -38 140 54 -2 22 -80 -16 63 61 -85
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