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GuruFocus has detected 7 Warning Signs with Western Digital Corp \$WDC.
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Western Digital Corp (NAS:WDC)
Change In Receivables
\$-562 Mil (As of Sep. 2016)

Western Digital Corp's change in receivables for the quarter that ended in Sep. 2016 was \$-562 Mil. It means Western Digital Corp's accounts receivables declined by \$562 Mil from Jun. 2016 to Sep. 2016 .

Western Digital Corp's change in receivables for the fiscal year that ended in Jun. 2016 was \$466 Mil. It means Western Digital Corp's accounts receivables increased by \$466 Mil from Jun. 2015 to Jun. 2016 .

Western Digital Corp's accounts receivables for the quarter that ended in Sep. 2016 was \$2,023 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. Western Digital Corp's days sales outstanding for the three months ended in Sep. 2016 was 39.16.

In Ben Grahams calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Western Digital Corp's liquidation value for the three months ended in Sep. 2016 was \$-11,338 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.

Western Digital Corp's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 2023 / 4714 * 91 = 39.16

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

Western Digital Corp'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) = 4325 - 18235 + 0.75 * 2023 + 0.5 * 2109 = -11,338

* 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.

Western Digital Corp Annual Data

 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 ChangeInReceivables -218 -194 92 -330 50 162 584 -175 458 466

Western Digital Corp Quarterly Data

 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 ChangeInReceivables -187 74 35 185 164 -84 -34 396 188 -562
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