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Sanofi SA (NYSE:SNY)
Change In Receivables
$116 Mil (As of Jun. 2016)

Sanofi SA's change in receivables for the quarter that ended in Jun. 2016 was $116 Mil. It means Sanofi SA's accounts receivables increased by $116 Mil from Dec. 2015 to Jun. 2016 .

Sanofi SA's change in receivables for the fiscal year that ended in Dec. 2015 was $-537 Mil. It means Sanofi SA's accounts receivables declined by $537 Mil from Dec. 2014 to Dec. 2015 .

Sanofi SA's accounts receivables for the quarter that ended in Jun. 2016 was $8,191 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. Sanofi SA's days sales outstanding for the six months ended in Jun. 2016 was 81.94.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Sanofi SA's liquidation value for the six months ended in Jun. 2016 was $-33,389 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.

Sanofi SA's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=8191.01123596/18242.6966292*91
=81.94

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

Sanofi SA's liquidation value for the quarter that ended in Jun. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=6973.03370787-50475.2808989+0.75 * 8191.01123596+0.5 * 7940.4494382
=-33,389

* 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.

Sanofi SA Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ChangeInReceivables -318-87-418-625-108-338483240-28-537

Sanofi SA Semi-Annual Data

Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16
ChangeInReceivables 155-65551-409665-285231-321-225116
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