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B/E Aerospace Inc  (NAS:BEAV) Change In Receivables: \$70 Mil (As of Dec. 2016)

B/E Aerospace Inc's change in receivables for the quarter that ended in Dec. 2016 was \$70 Mil. It means B/E Aerospace Inc's Accounts Receivable increased by \$70 Mil from Sep. 2016 to Dec. 2016 .

B/E Aerospace Inc's change in receivables for the fiscal year that ended in Dec. 2016 was \$-16 Mil. It means B/E Aerospace Inc's Accounts Receivable declined by \$16 Mil from Dec. 2015 to Dec. 2016 .

B/E Aerospace Inc's Accounts Receivable for the quarter that ended in Dec. 2016 was \$354 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. B/E Aerospace Inc's Days Sales Outstanding for the three months ended in Dec. 2016 was 44.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. B/E Aerospace Inc's liquidation value for the three months ended in Dec. 2016 was \$-2,057 Mil.

Historical Data

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

B/E Aerospace Inc Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Change In Receivables -32.00 -67.20 -77.00 -84.70 -16.10

B/E Aerospace Inc Quarterly Data

 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Change In Receivables 22.60 -62.30 -11.10 -13.10 70.40

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.

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.

B/E Aerospace Inc's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 353.5 / 730.4 * 91 = 44.16

2. In Ben Graham's calculation of liquidation value, B/E Aerospace Inc's accounts receivable are only considered to be worth 75% of book value:

B/E Aerospace Inc's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

 Liquidation Value = Cash, Cash Equivalents, Marketable Securities - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 202 - 3153.6 + 0.75 * 353.5 + 0.5 * 1258.9 = -2,057

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

Related Terms