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GuruFocus has detected 3 Warning Signs with Splunk Inc \$SPLK.
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Splunk Inc (NAS:SPLK)
Change In Receivables
\$-65.8 Mil (As of Jan. 2017)

Splunk Inc's change in receivables for the quarter that ended in Jan. 2017 was \$-65.8 Mil. It means Splunk Inc's accounts receivables declined by \$65.8 Mil from Oct. 2016 to Jan. 2017 .

Splunk Inc's change in receivables for the fiscal year that ended in Jan. 2017 was \$-56.6 Mil. It means Splunk Inc's accounts receivables declined by \$56.6 Mil from Jan. 2016 to Jan. 2017 .

Splunk Inc's accounts receivables for the quarter that ended in Jan. 2017 was \$238.3 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. Splunk Inc's days sales outstanding for the three months ended in Jan. 2017 was 70.95.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Splunk Inc's liquidation value for the three months ended in Jan. 2017 was \$348.8 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.

Splunk Inc's Days Sales Outstanding for the quarter that ended in Jan. 2017 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 238.281 / 306.461 * 91 = 70.95

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

Splunk Inc's liquidation value for the quarter that ended in Jan. 2017 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 1083.442 - 913.385 + 0.75 * 238.281 + 0.5 * 0 = 348.8

* 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.

Splunk Inc Annual Data

 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 ChangeInReceivables 0.0 0.0 -2.2 -7.6 -20.3 -29.5 -19.4 -45.1 -53.3 -56.6

Splunk Inc Quarterly Data

 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 ChangeInReceivables -12.7 -45.9 47.1 -18.4 -26.0 -56.0 83.1 -32.7 -41.2 -65.8
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