Switch to:
Bank of America Corporation  (NYSE:BAC) Accounts Receivable: \$59,342 Mil (As of Jun. 2017)

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bank of America Corporation's accounts receivables for the quarter that ended in Jun. 2017 was \$59,342 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bank of America Corporation's Days Sales Outstanding for the quarter that ended in Jun. 2017 was 237.20.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. Bank of America Corporation's Net-Net Working Capital for the quarter that ended in Jun. 2017 was \$-1,770,180 Mil.

Historical Data

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

Bank of America Corporation Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Accounts Receivable 71,467.00 59,448.00 191,785.00 58,312.00 58,759.00

Bank of America Corporation Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Accounts Receivable 54,116.00 58,759.00 209,044.00 59,342.00 55,855.00

Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

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.

Bank of America Corporation's Days Sales Outstanding for the quarter that ended in Jun. 2017 is calculated as:

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 59342 / 22829 * 91 = 237.20

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

Bank of America Corporation's liquidation value for the quarter that ended in Jun. 2017 is calculated as:

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 168856 - 1983542 + 0.75 * 59342 + 0.5 * 0 = -1,770,180

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

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Related Terms

From GuruFocus

###### NXT-ID and FitPay to Exhibit at Money20/20, 2017

By PRNewswire about BAC 2017-10-17 07:00:26

From the Internet

###### Here Are Key Takeaways From Wall Street's Third-Quarter Earnings

- Bloomberg 2017-10-17 14:09:49

###### Fundstrat's Top Timely Stock Ideas Ahead of a Possible Short-Term Pullback

- theStreet 2017-10-17 13:11:00

###### Goldman Sachs Trends Different Bank

- Seekingalpha 2017-10-17 12:00:57

###### Dow Tops 23,000 as UnitedHealth, J&J Earnings Push Healthcare Gains

- theStreet 2017-10-17 11:12:00

###### A Valuable Insight From Bank of America CEO Brian Moynihan

- Fool 2017-10-17 10:18:00

###### Stocks Mixed as Dow Nears 23,000 After Morgan Stanley, Goldman Earnings

- theStreet 2017-10-17 09:36:00

- Seekingalpha 2017-10-17 09:00:06

###### Morgan Stanley earnings beat Street as strong wealth management trumps weak trading; shares rise

- cnbc 2017-10-17 08:42:40

###### Bank America Unremarkable Fast

- Seekingalpha 2017-10-17 08:16:38

###### Goldman Sachs Posts Worst-In-Class Trading Performance, Again

- theStreet 2017-10-17 07:58:00

###### Citigroup Eyes Credit Quality Issues

- Seekingalpha 2017-10-17 07:54:10

- Seekingalpha 2017-10-17 07:52:14

###### Stock Futures Mixed With Flood of Earnings From Morgan Stanley, Goldman Sachs

- theStreet 2017-10-17 07:50:00

###### Morgan Stanley (MS) Tops Q3 Earnings, Wealth Management Aids

- Zacks 2017-10-17 07:39:00

###### 30 years later, Wall Street still dangles over 'Black Monday' abyss

- theStreet 2017-10-17 07:30:00

###### Morgan Stanley's wealth unit cushions blow from bond-trading's slide

- theStreet 2017-10-17 07:23:00

###### Citigroup Slow Steady Still Win Race

- Seekingalpha 2017-10-17 07:15:47

###### How to Make a Deal Like Billionaire Investor Warren Buffett

- theStreet 2017-10-17 06:02:00

###### Schv Value Still Makes Sense

- Seekingalpha 2017-10-16 15:09:53

###### Bank America Overlooking Unimpressive Results

- Seekingalpha 2017-10-16 14:35:29

###### A Very Informative Chart From Bank of America

- Fool 2017-10-16 14:07:00

###### Financial Sector Confirms Broad Market Strength

- Seekingalpha 2017-10-16 13:21:22

###### Sallie Krawcheck: The Wall St Legend Gets How Women Invest

- theStreet 2017-10-16 12:47:00

###### Q3 Earnings Show Bank Americas Strength Retail Business

- Seekingalpha 2017-10-16 12:20:31

###### Big banks shine in a pricey market

- Barron's 2017-10-16 10:53:49

###### Citigroup Stock Could Tumble Another 11%, Analyst Says

- theStreet 2017-10-16 10:12:00

###### Stock Market News For Oct 16, 2017

- Zacks 2017-10-16 09:08:00

###### Bank of America Corporation Q3 2017 Earnings Conference Call Transcript (BAC)

- Fool 2017-10-16 08:36:00

###### Bank of America, Wells Fargo and PNC Financial are part of Zacks Earnings Preview

- Zacks 2017-10-16 07:32:00

###### Bank America Growth Execution Underpin Buy Case

- Seekingalpha 2017-10-16 06:58:48

###### A ‘Crazy’ Stock Market Is Punishing Sellers

- Bloomberg 2017-10-16 05:00:19

###### Banks May Lead Markets Higher; Reseach Upgrades -- Jim Cramer's Top Thoughts

- theStreet 2017-10-16 01:00:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)