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Symantec Corp (NAS:SYMC)
Change In Receivables
$-320 Mil (As of Dec. 2013)

Symantec Corp's change in receivables for the quarter that ended in Dec. 2013 was $-320 Mil. It means Symantec Corp's accounts receivables declined by $320 Mil from Sep. 2013 to Dec. 2013 .

Symantec Corp's change in receivables for the fiscal year that ended in Mar. 2013 was $-107 Mil. It means Symantec Corp's accounts receivables declined by $107 Mil from Mar. 2012 to Mar. 2013 .

Symantec Corp's accounts receivables for the quarter that ended in Dec. 2013 was $892 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. Symantec Corp's days sales outstanding for the three months ended in Dec. 2013 was 47.61.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Symantec Corp's liquidation value for the three months ended in Dec. 2013 was $-2,935 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.

Symantec Corp's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=892/1705*91
=47.61

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

Symantec Corp's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=3890-7500+0.75 * 892+0.5 * 13
=-2,935

* 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.

Symantec Corp Annual Data

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
ChangeInReceivables -83-4-8734-7-85-14-8889-107

Symantec Corp Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
ChangeInReceivables -28-31977307-104-34737285180-320
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