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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
$22 Mil (As of Dec. 2016)

Western Digital Corp's change in receivables for the quarter that ended in Dec. 2016 was $22 Mil. It means Western Digital Corp's accounts receivables increased by $22 Mil from Sep. 2016 to Dec. 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 Dec. 2016 was $2,004 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 Dec. 2016 was 37.41.

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 Dec. 2016 was $-10,597 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 Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=2004/4888*91
=37.41

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 Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=5101-18243+0.75 * 2004+0.5 * 2085
=-10,597

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 local exchange's currency.

Western Digital Corp Annual Data

Jun07Jun08Jun09Jun10Jun11Jun12Jun13Jun14Jun15Jun16
ChangeInReceivables -218-19492-33050162584-175458466

Western Digital Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
ChangeInReceivables 7435185164-84-34396188-56222
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