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Fifth Street Finance Corp (NAS:FSC)
Change In Receivables
$15.6 Mil (As of Sep. 2016)

Fifth Street Finance Corp's change in receivables for the quarter that ended in Sep. 2016 was $15.6 Mil. It means Fifth Street Finance Corp's accounts receivables increased by $15.6 Mil from Jun. 2016 to Sep. 2016 .

Fifth Street Finance Corp's change in receivables for the fiscal year that ended in Sep. 2016 was $0.8 Mil. It means Fifth Street Finance Corp's accounts receivables increased by $0.8 Mil from Sep. 2015 to Sep. 2016 .

Fifth Street Finance Corp's accounts receivables for the quarter that ended in Sep. 2016 was $44.7 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 Corp's days sales outstanding for the three months ended in Sep. 2016 was 89.54.

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 Corp's liquidation value for the three months ended in Sep. 2016 was $-1,058.8 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 Corp's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=44.72/45.573*91
=89.54

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

Fifth Street Finance Corp's liquidation value for the quarter that ended in Sep. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=117.923-1210.242+0.75 * 44.72+0.5 * 0
=-1,058.8

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Fifth Street Finance Corp Annual Data

Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables 0.00.03.811.019.719.148.120.240.40.8

Fifth Street Finance Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ChangeInReceivables 29.4-10.8-51.346.1-12.758.314.45.5-34.715.6
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