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Carnival Corp  (NYSE:CCL) Change In Receivables: $7 Mil (As of Aug. 2017)

Carnival Corp's change in receivables for the quarter that ended in Aug. 2017 was $7 Mil. It means Carnival Corp's Accounts Receivable increased by $7 Mil from May. 2017 to Aug. 2017 .

Carnival Corp's change in receivables for the fiscal year that ended in Nov. 2016 was $-22 Mil. It means Carnival Corp's Accounts Receivable declined by $22 Mil from Nov. 2015 to Nov. 2016 .

Carnival Corp's Accounts Receivable for the quarter that ended in Aug. 2017 was $324 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. Carnival Corp's Days Sales Outstanding for the three months ended in Aug. 2017 was 5.36.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Carnival Corp's liquidation value for the three months ended in Aug. 2017 was $-15,561 Mil.


Historical Data

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

* Premium members only.

Carnival Corp Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.00 296.00 75.00 4.00 -22.00

Carnival Corp Quarterly Data

Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 13.00 -12.00 4.00 7.00

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.

Carnival Corp's Days Sales Outstanding for the quarter that ended in Aug. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=324/5515*91
=5.36

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

Carnival Corp's liquidation value for the quarter that ended in Aug. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=489-16471+0.75 * 324+0.5 * 357
=-15,561

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


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