AVANIR Pharmaceuticals (FRA:AV2B) Change In Receivables : €-7.46 Mil (TTM As of Sep. 2014)

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What is AVANIR Pharmaceuticals Change In Receivables?

AVANIR Pharmaceuticals's change in receivables for the quarter that ended in Sep. 2014 was €0.15 Mil. It means AVANIR Pharmaceuticals's Accounts Receivable declined by €0.15 Mil from Jun. 2014 to Sep. 2014 .

AVANIR Pharmaceuticals's change in receivables for the fiscal year that ended in Sep. 2014 was €-8.00 Mil. It means AVANIR Pharmaceuticals's Accounts Receivable increased by €8.00 Mil from Sep. 2013 to Sep. 2014 .

AVANIR Pharmaceuticals's Accounts Receivable for the quarter that ended in Sep. 2014 was €17.72 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 Receivable are being managed. AVANIR Pharmaceuticals's Days Sales Outstanding for the three months ended in Sep. 2014 was 63.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. AVANIR Pharmaceuticals's liquidation value for the three months ended in Sep. 2014 was €198.50 Mil.

AVANIR Pharmaceuticals Change In Receivables Historical Data

The historical data trend for AVANIR Pharmaceuticals's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AVANIR Pharmaceuticals Change In Receivables Chart

AVANIR Pharmaceuticals Annual Data

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Sep14

Change In Receivables

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-1.46

-4.05

-4.12

-8.00

AVANIR Pharmaceuticals Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Change In Receivables	Get a 7-Day Free Trial															-0.79	3.58	-8.10	-3.09	0.15

AVANIR Pharmaceuticals Change In Receivables Calculation

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.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.46 Mil.

AVANIR Pharmaceuticals (FRA:AV2B) Change In Receivables 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 Receivable are being managed.

AVANIR Pharmaceuticals's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.717	/	25.379	*	91
=	63.70

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

AVANIR Pharmaceuticals's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	210.971	-	26.069	+	0.75 * 17.717	+	0.5 * 0.62
=	198.50

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AVANIR Pharmaceuticals (FRA:AV2B) Business Description

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http://www.avanir.com

Avanir Pharmaceuticals was incorporated in California in August 1988 and was reincorporated in Delaware in March 2009. The Company is a biopharmaceutical company focused on acquiring, developing and commercializing novel therapeutic products for the treatment of central nervous system disorders. The Company commenced promotion of NUEDEXTA in the United States in February 2011. The Company is also studying AVP-923 for use in different types of neuropathic pain. NUEDEXTA is the first and only FDA-approved treatment for pseudobulbar affect. NUEDEXTA is an combination of two components: dextromethorphan hydrobromide, the ingredient that is harmacologically active in the central nervous system, and quinidine sulfate, a metabolic inhibitor enabling dextromethorphan to reach therapeutic plasma concentrations. The Company currently markets NUEDEXTA to approximately 10,000 physicians and other healthcare providers who specialize in psychiatry, neurology or geriatric medicine and practice in outpatient or long-term care settings. NUEDEXTA may face competition from several products: Antidepressants, including Prozac, Celexa, Zoloft, Paxil, Elavil and Pamelor and others; Atypical antipsychotic agents, including Zyprexa, Risperdal, Seroquel, Abilify, Geodon and others; and Miscellaneous agents, including Symmetrel, Lithium and others. The Company is subject to regulation under the Occupational Safety and Health Act, the Environmental Protection Act, the Toxic Substance Control Act, the Export Control Act and other present and future laws of general application.

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