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Educational Development Corp  (NAS:EDUC) Change In Receivables: $0.2 Mil (As of Aug. 2017)

Educational Development Corp's change in receivables for the quarter that ended in Aug. 2017 was $0.2 Mil. It means Educational Development Corp's Accounts Receivable increased by $0.2 Mil from May. 2017 to Aug. 2017 .

Educational Development Corp's change in receivables for the fiscal year that ended in Feb. 2017 was $-0.7 Mil. It means Educational Development Corp's Accounts Receivable declined by $0.7 Mil from Feb. 2016 to Feb. 2017 .

Educational Development Corp's Accounts Receivable for the quarter that ended in Aug. 2017 was $3.0 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. Educational Development Corp's Days Sales Outstanding for the three months ended in Aug. 2017 was 11.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Educational Development Corp's liquidation value for the three months ended in Aug. 2017 was $-27.0 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.

Educational Development Corp Annual Data

Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.35 -0.56 -1.36 -0.68 -0.69

Educational Development 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 -0.14 0.00 0.00 -0.61 0.20

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.

Educational Development 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
=2.995/24.181*91
=11.30

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

Educational Development 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)
=0.432-44.369+0.75 * 2.995+0.5 * 29.372
=-27.0

* 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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