Switch to:
PennantPark Floating Rate Capital Ltd (NAS:PFLT)
Change In Receivables
$0.72 Mil (As of Sep. 2016)

PennantPark Floating Rate Capital Ltd's change in receivables for the quarter that ended in Sep. 2016 was $0.72 Mil. It means PennantPark Floating Rate Capital Ltd's accounts receivables increased by $0.72 Mil from Jun. 2016 to Sep. 2016 .

PennantPark Floating Rate Capital Ltd's change in receivables for the fiscal year that ended in Sep. 2016 was $-0.52 Mil. It means PennantPark Floating Rate Capital Ltd's accounts receivables declined by $0.52 Mil from Sep. 2015 to Sep. 2016 .

PennantPark Floating Rate Capital Ltd's accounts receivables for the quarter that ended in Sep. 2016 was $2.48 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. PennantPark Floating Rate Capital Ltd's days sales outstanding for the three months ended in Sep. 2016 was 14.70.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. PennantPark Floating Rate Capital Ltd's liquidation value for the three months ended in Sep. 2016 was $-224.74 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.

PennantPark Floating Rate Capital Ltd's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=2.48/15.395*91
=14.70

2. In Ben Graham’s calculation of liquidation value, PennantPark Floating Rate Capital Ltd's accounts receivable are only considered to be worth 75% of book value:

PennantPark Floating Rate Capital Ltd's liquidation value for the quarter that ended in Sep. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=28.911-255.513+0.75 * 2.48+0.5 * 0
=-224.74

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

PennantPark Floating Rate Capital Ltd Annual Data

Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables 0.000.000.000.000.000.83-3.43-4.988.82-0.52

PennantPark Floating Rate Capital Ltd Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ChangeInReceivables 2.67-5.588.61-6.275.451.03-0.320.09-1.010.72
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)
FEEDBACK