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Dow Chemical Co (NYSE:DOW)
Change In Receivables
$-776 Mil (As of Mar. 2017)

Dow Chemical Co's change in receivables for the quarter that ended in Mar. 2017 was $-776 Mil. It means Dow Chemical Co's accounts receivables declined by $776 Mil from Dec. 2016 to Mar. 2017 .

Dow Chemical Co's change in receivables for the fiscal year that ended in Dec. 2016 was $-282 Mil. It means Dow Chemical Co's accounts receivables declined by $282 Mil from Dec. 2015 to Dec. 2016 .

Dow Chemical Co's accounts receivables for the quarter that ended in Mar. 2017 was $4,991 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 receivables are being managed. Dow Chemical Co's days sales outstanding for the three months ended in Mar. 2017 was 34.42.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Dow Chemical Co's liquidation value for the three months ended in Mar. 2017 was $-40,072 Mil.


Definition

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 receivables are being managed.

Dow Chemical Co's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=4991/13230*91
=34.42

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

Dow Chemical Co's liquidation value for the quarter that ended in Mar. 2017 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=5848-53768+0.75 * 4991+0.5 * 8210
=-40,072

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


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

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

Dow Chemical Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ChangeInReceivables -1,0022,853-990-171-447116113195950-282

Dow Chemical Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
ChangeInReceivables 545204-190688248-85628914271-776
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