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TJX Companies (NYSE:TJX)
Change In Receivables
$13 Mil (As of Jul. 2014)

TJX Companies's change in receivables for the quarter that ended in Jul. 2014 was $13 Mil. It means TJX Companies's accounts receivables increased by $13 Mil from Apr. 2014 to Jul. 2014 .

TJX Companies's change in receivables for the fiscal year that ended in Jan. 2014 was $12 Mil. It means TJX Companies's accounts receivables increased by $12 Mil from Jan. 2013 to Jan. 2014 .

TJX Companies's accounts receivables for the quarter that ended in Jul. 2014 was $243 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's days sales outstanding for the three months ended in Jul. 2014 was 3.19.

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's liquidation value for the three months ended in Jul. 2014 was $-2,303 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's Days Sales Outstanding for the quarter that ended in Jul. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=242.549/6917.212*91
=3.19

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

TJX Companies's liquidation value for the quarter that ended in Jul. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=2468.333-6647.345+0.75 * 242.549+0.5 * 3388.182
=-2,303

* 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 Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ChangeInReceivables -28-218-26-8-2-24-4-1812

TJX Companies Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
ChangeInReceivables -2829-3515-3636-2940-4513
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