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Western Digital Corp (NAS:WDC)
Change In Receivables
$157 Mil (As of Mar. 2014)

Western Digital Corp's change in receivables for the quarter that ended in Mar. 2014 was $157 Mil. It means Western Digital Corp's accounts receivables increased by $157 Mil from Dec. 2013 to Mar. 2014 .

Western Digital Corp's change in receivables for the fiscal year that ended in Jun. 2013 was $0 Mil. It means Western Digital Corp's accounts receivables stayed the same from Jun. 2012 to Jun. 2013 .

Western Digital Corp's accounts receivables for the quarter that ended in Mar. 2014 was $1,802 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 Mar. 2014 was 44.28.

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 Mar. 2014 was $291 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 Mar. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1802/3703*91
=44.28

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 Mar. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=4865-6564+0.75 * 1802+0.5 * 1277
=291

* 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.

Western Digital Corp Annual Data

Jun04Jun05Jun06Jun07Jun08Jun09Jun10Jun11Jun12Jun13
ChangeInReceivables -67-90-77-218-19492-330501620

Western Digital Corp Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
ChangeInReceivables 609-337404132200000157
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