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Nike Inc (NYSE:NKE)
Change In Receivables
$0 Mil (As of Nov. 2014)

Nike Inc's change in receivables for the quarter that ended in Nov. 2014 was $0 Mil. It means Nike Inc's accounts receivables stayed the same from Aug. 2014 to Nov. 2014 .

Nike Inc's change in receivables for the fiscal year that ended in May. 2014 was $-298 Mil. It means Nike Inc's accounts receivables declined by $298 Mil from May. 2013 to May. 2014 .

Nike Inc's accounts receivables for the quarter that ended in Nov. 2014 was $3,457 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. Nike Inc's days sales outstanding for the three months ended in Nov. 2014 was 42.74.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Nike Inc's liquidation value for the three months ended in Nov. 2014 was $1,914 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.

Nike Inc's Days Sales Outstanding for the quarter that ended in Nov. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=3457/7380*91
=42.74

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

Nike Inc's liquidation value for the quarter that ended in Nov. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=4713-7467+0.75 * 3457+0.5 * 4150
=1,914

* 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.

Nike Inc Annual Data

May05May06May07May08May09May10May11May12May13May14
ChangeInReceivables -94-85-40-118-238182-273-323142-298

Nike Inc Quarterly Data

Aug12Nov12Feb13May13Aug13Nov13Feb14May14Aug14Nov14
ChangeInReceivables -12314516104-10213-166-43-2030
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