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GuruFocus has detected 6 Warning Signs with Harley-Davidson Inc \$HOG.
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Harley-Davidson Inc (NYSE:HOG)
Change In Receivables
\$0 Mil (As of Mar. 2017)

Harley-Davidson Inc's change in receivables for the quarter that ended in Mar. 2017 was \$0 Mil. It means Harley-Davidson Inc's accounts receivables stayed the same from Dec. 2016 to Mar. 2017 .

Harley-Davidson Inc's change in receivables for the fiscal year that ended in Dec. 2016 was \$-47 Mil. It means Harley-Davidson Inc's accounts receivables declined by \$47 Mil from Dec. 2015 to Dec. 2016 .

Harley-Davidson Inc's accounts receivables for the quarter that ended in Mar. 2017 was \$336 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. Harley-Davidson Inc's days sales outstanding for the three months ended in Mar. 2017 was 47.06.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Harley-Davidson Inc's liquidation value for the three months ended in Mar. 2017 was \$-6,949 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.

Harley-Davidson Inc's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 335.578 / 650.706 * 91 = 47.06

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

Harley-Davidson Inc's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 844.704 - 8288.446 + 0.75 * 335.578 + 0.5 * 485.476 = -6,949

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

Related Terms

Historical Data

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

Harley-Davidson Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInReceivables -46 -4 5 13 48 -14 -37 -12 -17 -47

Harley-Davidson Inc Quarterly Data

 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 ChangeInReceivables 30 -48 4 -17 44 -57 2 -31 39 0
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