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GuruFocus has detected 3 Warning Signs with United Parcel Service Inc \$UPS.
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United Parcel Service Inc (NYSE:UPS)
Change In Receivables
\$-272 Mil (As of Sep. 2016)

United Parcel Service Inc's change in receivables for the quarter that ended in Sep. 2016 was \$-272 Mil. It means United Parcel Service Inc's accounts receivables declined by \$272 Mil from Jun. 2016 to Sep. 2016 .

United Parcel Service Inc's change in receivables for the fiscal year that ended in Dec. 2015 was \$-452 Mil. It means United Parcel Service Inc's accounts receivables declined by \$452 Mil from Dec. 2014 to Dec. 2015 .

United Parcel Service Inc's accounts receivables for the quarter that ended in Sep. 2016 was \$6,272 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. United Parcel Service Inc's days sales outstanding for the three months ended in Sep. 2016 was 38.34.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. United Parcel Service Inc's liquidation value for the three months ended in Sep. 2016 was \$-25,537 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.

United Parcel Service Inc's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 6272 / 14928 * 91 = 38.34

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

United Parcel Service Inc's liquidation value for the quarter that ended in Sep. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 5358 - 35599 + 0.75 * 6272 + 0.5 * 0 = -25,537

* 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.

United Parcel Service Inc Annual Data

 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 ChangeInReceivables -60 -1,571 1,358 -3 -532 -657 -124 -515 -523 -452

United Parcel Service Inc Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ChangeInReceivables -74 -137 -971 763 117 -142 -1,190 1,082 -28 -272
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