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ExamWorks Group Inc  (NYSE:EXAM) Change In Receivables: $-44.3 Mil (TTM As of Mar. 2016)

ExamWorks Group Inc's change in receivables for the quarter that ended in Mar. 2016 was $-7.6 Mil. It means ExamWorks Group Inc's Accounts Receivable declined by $7.6 Mil from Dec. 2015 to Mar. 2016 .

ExamWorks Group Inc's change in receivables for the fiscal year that ended in Dec. 2015 was $-51.5 Mil. It means ExamWorks Group Inc's Accounts Receivable declined by $51.5 Mil from Dec. 2014 to Dec. 2015 .

ExamWorks Group Inc's Accounts Receivable for the quarter that ended in Mar. 2016 was $249.1 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. ExamWorks Group Inc's Days Sales Outstanding for the three months ended in Mar. 2016 was 100.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ExamWorks Group Inc's liquidation value for the three months ended in Mar. 2016 was $-543.7 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.

ExamWorks Group Inc Annual Data

Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Change In Receivables Premium Member Only Premium Member Only Premium Member Only -9.05 -24.67 -31.11 -49.44 -51.48

ExamWorks Group Inc Quarterly Data

Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -14.76 -11.98 -12.82 -11.92 -7.56

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.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2016 was -11.977 (Jun. 2015 ) + -12.819 (Sep. 2015 ) + -11.922 (Dec. 2015 ) + -7.562 (Mar. 2016 ) = $-44.3 Mil.

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


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.

ExamWorks Group Inc's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=249.062/226.503*91
=100.34

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

ExamWorks Group Inc's liquidation value for the quarter that ended in Mar. 2016 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=15.999-746.45+0.75 * 249.062+0.5 * 0
=-543.7

* 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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