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Fifth Street Finance Corporation (NAS:FSC)
Change In Receivables
$19.4 Mil (As of Jun. 2014)

Fifth Street Finance Corporation's change in receivables for the quarter that ended in Jun. 2014 was $19.4 Mil. It means Fifth Street Finance Corporation's accounts receivables increased by $19.4 Mil from Mar. 2014 to Jun. 2014 .

Fifth Street Finance Corporation's change in receivables for the fiscal year that ended in Sep. 2013 was $39.5 Mil. It means Fifth Street Finance Corporation's accounts receivables increased by $39.5 Mil from Sep. 2012 to Sep. 2013 .

Fifth Street Finance Corporation's accounts receivables for the quarter that ended in Jun. 2014 was $19.4 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. Fifth Street Finance Corporation's days sales outstanding for the three months ended in Jun. 2014 was 29.70.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Fifth Street Finance Corporation's liquidation value for the three months ended in Jun. 2014 was $-1,303.1 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.

Fifth Street Finance Corporation's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=19.43/59.537*91
=29.70

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

Fifth Street Finance Corporation's liquidation value for the quarter that ended in Jun. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=74.661-1392.375+0.75 * 19.43+0.5 * 0
=-1,303.1

* 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.

Fifth Street Finance Corporation Annual Data

Sep08Sep09Sep10Sep11Sep12Sep13
ChangeInReceivables 0.00.00.00.00.03.811.019.719.139.5

Fifth Street Finance Corporation Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
ChangeInReceivables 14.17.6-0.72.5-1.3-3.241.6-2.6-23.619.4
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