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Finisar Corp  (NAS:FNSR) Change In Receivables: $-1 Mil (As of Jul. 2017)

Finisar Corp's change in receivables for the quarter that ended in Jul. 2017 was $-1 Mil. It means Finisar Corp's Accounts Receivable declined by $1 Mil from Apr. 2017 to Jul. 2017 .

Finisar Corp's change in receivables for the fiscal year that ended in Apr. 2017 was $-23 Mil. It means Finisar Corp's Accounts Receivable declined by $23 Mil from Apr. 2016 to Apr. 2017 .

Finisar Corp's Accounts Receivable for the quarter that ended in Jul. 2017 was $273 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. Finisar Corp's Days Sales Outstanding for the three months ended in Jul. 2017 was 72.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Finisar Corp's liquidation value for the three months ended in Jul. 2017 was $631 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.

Finisar Corp Annual Data

Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.97 -74.24 12.24 -36.02 -23.12

Finisar Corp Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
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 -5.78 -22.63 -2.43 7.72 -0.80

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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=273.18/341.806*91
=72.93

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

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

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1232.852-984.899+0.75 * 273.18+0.5 * 356.845
=631

* 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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From the Internet

Apples Impact Finisar Mark Hibbens Idea Month

- Seekingalpha 2017-09-24 05:26:27

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