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TJX Companies Inc (NYSE:TJX)
Change In Receivables
$-50 Mil (As of Apr. 2015)

TJX Companies Inc's change in receivables for the quarter that ended in Apr. 2015 was $-50 Mil. It means TJX Companies Inc's accounts receivables declined by $50 Mil from Jan. 2015 to Apr. 2015 .

TJX Companies Inc's change in receivables for the fiscal year that ended in Jan. 2015 was $-22 Mil. It means TJX Companies Inc's accounts receivables declined by $22 Mil from Jan. 2014 to Jan. 2015 .

TJX Companies Inc's accounts receivables for the quarter that ended in Apr. 2015 was $263 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. TJX Companies Inc's days sales outstanding for the three months ended in Apr. 2015 was 3.50.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. TJX Companies Inc's liquidation value for the three months ended in Apr. 2015 was $-2,523 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.

TJX Companies Inc's Days Sales Outstanding for the quarter that ended in Apr. 2015 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=263.466/6865.637*91
=3.50

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

TJX Companies Inc's liquidation value for the quarter that ended in Apr. 2015 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=2588.791-7075.656+0.75 * 263.466+0.5 * 3531.6
=-2,523

* 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.

TJX Companies Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
ChangeInReceivables -218-26-8-2-24-4-1812-22

TJX Companies Inc Quarterly Data

Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15
ChangeInReceivables 15-3636-2940-4513-2131-50
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