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Griffin Land & Nurseries, Inc. (NAS:GRIF)
Change In Receivables
$0.00 Mil (As of Feb. 2014)

Griffin Land & Nurseries, Inc.'s change in receivables for the quarter that ended in Feb. 2014 was $0.00 Mil. It means Griffin Land & Nurseries, Inc.'s accounts receivables stayed the same from Nov. 2013 to Feb. 2014 .

Griffin Land & Nurseries, Inc.'s change in receivables for the fiscal year that ended in Nov. 2013 was $0.40 Mil. It means Griffin Land & Nurseries, Inc.'s accounts receivables increased by $0.40 Mil from Nov. 2012 to Nov. 2013 .

Griffin Land & Nurseries, Inc.'s accounts receivables for the quarter that ended in Feb. 2014 was $0.00 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. Griffin Land & Nurseries, Inc.'s days sales outstanding for the three months ended in Feb. 2014 was 0.00.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Griffin Land & Nurseries, Inc.'s liquidation value for the three months ended in Feb. 2014 was $-76.34 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.

Griffin Land & Nurseries, Inc.'s Days Sales Outstanding for the quarter that ended in Feb. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=0/5.059*91
=0.00

2. In Ben Graham’s calculation of liquidation value, Griffin Land & Nurseries, Inc.'s accounts receivable are only considered to be worth 75% of book value:

Griffin Land & Nurseries, Inc.'s liquidation value for the quarter that ended in Feb. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=10.05-86.388+0.75 * 0+0.5 * 0
=-76.34

* 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.

Griffin Land & Nurseries, Inc. Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
ChangeInReceivables -0.25-0.820.050.32-1.20-5.277.38-0.06-0.280.40

Griffin Land & Nurseries, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
ChangeInReceivables 0.860.44-4.533.330.480.00-4.934.041.290.00
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