Corinthian Colleges (FRA:CH7) Change In Receivables : €27 Mil (TTM As of Jun. 2013)

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What is Corinthian Colleges Change In Receivables?

Corinthian Colleges's change in receivables for the quarter that ended in Jun. 2013 was €27 Mil. It means Corinthian Colleges's Accounts Receivable declined by €27 Mil from Jun. 2012 to Jun. 2013 .

Corinthian Colleges's change in receivables for the fiscal year that ended in Jun. 2013 was €27 Mil. It means Corinthian Colleges's Accounts Receivable declined by €27 Mil from Jun. 2012 to Jun. 2013 .

Corinthian Colleges's Accounts Receivable for the quarter that ended in Jun. 2013 was €58 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. Corinthian Colleges's Days Sales Outstanding for the six months ended in Jun. 2013 was 8.77.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Corinthian Colleges's liquidation value for the six months ended in Jun. 2013 was €-268 Mil.

Corinthian Colleges Change In Receivables Historical Data

The historical data trend for Corinthian Colleges'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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Corinthian Colleges Change In Receivables Chart

Corinthian Colleges Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Change In Receivables

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17.23

-42.00

-57.66

34.63

27.22

Corinthian Colleges Semi-Annual Data
	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13
Change In Receivables	Get a 7-Day Free Trial											17.23	-42.00	-57.66	34.63	27.22

Corinthian Colleges 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2013 was €27 Mil.

Corinthian Colleges (FRA:CH7) 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.

Corinthian Colleges's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	58.283	/	1212.955	*	91
=	8.77

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

Corinthian Colleges's liquidation value for the quarter that ended in Jun. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	35.32	-	347.089	+	0.75 * 58.283	+	0.5 * 0
=	-268

Corinthian Colleges Change In Receivables Related Terms

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Corinthian Colleges (FRA:CH7) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Corinthian Colleges Inc (FRA:CH7) » Definitions » Change In Receivables

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Website

http://www.cci.edu

Corinthian Colleges Inc is a post-secondary education company in the United States and Canada. It offers diploma programs and associate, bachelors and master's degrees through a single operating segment. As of June 30, 2013, it has a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. The Company has acquired 76 colleges including the Heald acquisition and has opened 35 branch campuses. Its training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. The Company's diploma programs provide students with the requisite knowledge and job skills for entry-level positions in their chosen career.Key elements of its operating strategy includes emphasize Student Outcomes, create an Effective Learning Environment, focus on Attractive Markets, manage School and Program Performance, Standardize Key Business Processes and Centralize Key Functions.

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