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PMC-Sierra Inc (NAS:PMCS)
Change In Receivables
\$-4.1 Mil (As of Sep. 2015)

PMC-Sierra Inc's change in receivables for the quarter that ended in Sep. 2015 was \$-4.1 Mil. It means PMC-Sierra Inc's accounts receivables declined by \$4.1 Mil from Jun. 2015 to Sep. 2015 .

PMC-Sierra Inc's change in receivables for the fiscal year that ended in Dec. 2014 was \$0.7 Mil. It means PMC-Sierra Inc's accounts receivables increased by \$0.7 Mil from Dec. 2013 to Dec. 2014 .

PMC-Sierra Inc's accounts receivables for the quarter that ended in Sep. 2015 was \$62.3 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. PMC-Sierra Inc's days sales outstanding for the three months ended in Sep. 2015 was 42.54.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. PMC-Sierra Inc's liquidation value for the three months ended in Sep. 2015 was \$-63.8 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.

PMC-Sierra Inc's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 62.269 / 133.574 * 91 = 42.54

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

PMC-Sierra Inc's liquidation value for the quarter that ended in Sep. 2015 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 115.477 - 242.412 + 0.75 * 62.269 + 0.5 * 32.846 = -63.8

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

Related Terms

Historical Data

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

PMC-Sierra Inc Annual Data

 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 ChangeInReceivables -11.9 2.2 -2.1 -0.8 -10.6 -1.1 10.2 -2.9 6.3 0.7

PMC-Sierra Inc Quarterly Data

 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 ChangeInReceivables 0.2 -3.0 4.4 -0.5 -1.7 1.3 1.6 -6.7 4.0 -4.1
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