Switch to:
MWI Veterinary Supply, Inc. (NAS:MWIV)
Change In Receivables
$31 Mil (As of Dec. 2013)

MWI Veterinary Supply, Inc.'s change in receivables for the quarter that ended in Dec. 2013 was $31 Mil. It means MWI Veterinary Supply, Inc.'s accounts receivables increased by $31 Mil from Sep. 2013 to Dec. 2013 .

MWI Veterinary Supply, Inc.'s change in receivables for the fiscal year that ended in Sep. 2013 was $-15 Mil. It means MWI Veterinary Supply, Inc.'s accounts receivables declined by $15 Mil from Sep. 2012 to Sep. 2013 .

MWI Veterinary Supply, Inc.'s accounts receivables for the quarter that ended in Dec. 2013 was $354 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. MWI Veterinary Supply, Inc.'s days sales outstanding for the three months ended in Dec. 2013 was 46.85.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. MWI Veterinary Supply, Inc.'s liquidation value for the three months ended in Dec. 2013 was $-24 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.

MWI Veterinary Supply, Inc.'s Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=353.851/687.259*91
=46.85

2. In Ben Graham’s calculation of liquidation value, MWI Veterinary Supply, Inc.'s accounts receivable are only considered to be worth 75% of book value:

MWI Veterinary Supply, Inc.'s liquidation value for the quarter that ended in Dec. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=0.503-491.469+0.75 * 353.851+0.5 * 404.049
=-24

* 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.

MWI Veterinary Supply, Inc. Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
ChangeInReceivables -10-15-21-12-11-14-14-23-49-15

MWI Veterinary Supply, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables -70-29-4-17-0-14-7631
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide