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Lafarge SA (OTCPK:LFRGY)
Change In Receivables
\$591 Mil (As of Dec. 2014)

Lafarge SA's change in receivables for the quarter that ended in Dec. 2014 was \$591 Mil. It means Lafarge SA's accounts receivables increased by \$591 Mil from Sep. 2014 to Dec. 2014 .

Lafarge SA's change in receivables for the fiscal year that ended in Dec. 2014 was \$-70 Mil. It means Lafarge SA's accounts receivables declined by \$70 Mil from Dec. 2013 to Dec. 2014 .

Lafarge SA's accounts receivables for the quarter that ended in Dec. 2014 was \$1,969 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. Lafarge SA's days sales outstanding for the three months ended in Dec. 2014 was 45.44.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Lafarge SA's liquidation value for the three months ended in Dec. 2014 was \$-18,904 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.

Lafarge SA's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 1969.17385943 / 3954.37731196 * 91 = 45.44

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

Lafarge SA's liquidation value for the quarter that ended in Dec. 2014 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 2569.66707768 - 23860.6658446 + 0.75 * 1969.17385943 + 0.5 * 1819.97533909 = -18,904

* 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.

Lafarge SA Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 ChangeInReceivables -343 -534 191 0 0 135 0 -198 -235 -70

Lafarge SA Quarterly Data

 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 ChangeInReceivables -152 814 -1 -565 -292 654 -12 -643 -70 591
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