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GuruFocus has detected 3 Warning Signs with Qualcomm Inc $QCOM.
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Qualcomm Inc (NAS:QCOM)
Change In Receivables
$131 Mil (As of Dec. 2016)

Qualcomm Inc's change in receivables for the quarter that ended in Dec. 2016 was $131 Mil. It means Qualcomm Inc's accounts receivables increased by $131 Mil from Sep. 2016 to Dec. 2016 .

Qualcomm Inc's change in receivables for the fiscal year that ended in Sep. 2016 was $-232 Mil. It means Qualcomm Inc's accounts receivables declined by $232 Mil from Sep. 2015 to Sep. 2016 .

Qualcomm Inc's accounts receivables for the quarter that ended in Dec. 2016 was $2,085 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. Qualcomm Inc's days sales outstanding for the three months ended in Dec. 2016 was 31.71.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Qualcomm Inc's liquidation value for the three months ended in Dec. 2016 was $-7,820 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.

Qualcomm Inc's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=2085/5999*91
=31.71

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

Qualcomm Inc's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=10812-21151+0.75 * 2085+0.5 * 1910
=-7,820

* 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.

Qualcomm Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
ChangeInReceivables -16-6533,083-18-140-456-680-281550-232

Qualcomm Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables -324173165100112646-392-215-271131
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