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Sirona Dental Systems Inc (NAS:SIRO)
Change In Receivables
\$-41 Mil (As of Dec. 2015)

Sirona Dental Systems Inc's change in receivables for the quarter that ended in Dec. 2015 was \$-41 Mil. It means Sirona Dental Systems Inc's accounts receivables declined by \$41 Mil from Sep. 2015 to Dec. 2015 .

Sirona Dental Systems Inc's change in receivables for the fiscal year that ended in Sep. 2015 was \$-50 Mil. It means Sirona Dental Systems Inc's accounts receivables declined by \$50 Mil from Sep. 2014 to Sep. 2015 .

Sirona Dental Systems Inc's accounts receivables for the quarter that ended in Dec. 2015 was \$193 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. Sirona Dental Systems Inc's days sales outstanding for the three months ended in Dec. 2015 was 57.86.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Sirona Dental Systems Inc's liquidation value for the three months ended in Dec. 2015 was \$186 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.

Sirona Dental Systems Inc's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 192.9 / 304.2 * 91 = 57.86

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

Sirona Dental Systems Inc's liquidation value for the quarter that ended in Dec. 2015 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 485 - 509.2 + 0.75 * 192.9 + 0.5 * 131.9 = 186

* 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.

Sirona Dental Systems Inc Annual Data

 Mar06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 ChangeInReceivables -3 -10 -0 -11 9 -15 -38 -13 21 -50

Sirona Dental Systems Inc Quarterly Data

 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 ChangeInReceivables -35 -16 10 -21 47 -44 8 -43 29 -41
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