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Lafarge SA (OTCPK:LFRGY)
Change In Receivables
$-318 Mil (As of Sep. 2013)

Lafarge SA's change in receivables for the quarter that ended in Sep. 2013 was $-318 Mil. It means Lafarge SA's accounts receivables declined by $318 Mil from Jun. 2013 to Sep. 2013 .

Lafarge SA's change in receivables for the fiscal year that ended in Dec. 2012 was $0 Mil. It means Lafarge SA's accounts receivables stayed the same from Dec. 2011 to Dec. 2012 .

Lafarge SA's accounts receivables for the quarter that ended in Sep. 2013 was $0 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 Sep. 2013 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. Lafarge SA's liquidation value for the three months ended in Sep. 2013 was $-23,602 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 Sep. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=0/5778.9904502*91
=0.00

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 Sep. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=4824.01091405-29566.1664393+0.75 * 0+0.5 * 2281.03683492
=-23,602

* 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.

Lafarge SA Annual Data

Dec03Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12
ChangeInReceivables -138-96-350-5251930013600

Lafarge SA Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13
ChangeInReceivables 0-1,22800296-15300-441-318
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