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GuruFocus has detected 4 Warning Signs with LVMH Moet Hennessy Louis Vuitton SE $LVMUY.
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LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMUY)
Change In Receivables
$93 Mil (As of Dec. 2016)

LVMH Moet Hennessy Louis Vuitton SE's change in receivables for the quarter that ended in Dec. 2016 was $93 Mil. It means LVMH Moet Hennessy Louis Vuitton SE's accounts receivables increased by $93 Mil from Jun. 2016 to Dec. 2016 .

LVMH Moet Hennessy Louis Vuitton SE's change in receivables for the fiscal year that ended in Dec. 2016 was $76 Mil. It means LVMH Moet Hennessy Louis Vuitton SE's accounts receivables increased by $76 Mil from Dec. 2015 to Dec. 2016 .

LVMH Moet Hennessy Louis Vuitton SE's accounts receivables for the quarter that ended in Dec. 2016 was $2,832 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. LVMH Moet Hennessy Louis Vuitton SE's days sales outstanding for the six months ended in Dec. 2016 was 24.01.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. LVMH Moet Hennessy Louis Vuitton SE's liquidation value for the six months ended in Dec. 2016 was $-23,627 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.

LVMH Moet Hennessy Louis Vuitton SE's Days Sales Outstanding for the quarter that ended in Dec. 2016 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=2832.27848101/21531.6455696*91
=24.01

2. In Ben Graham’s calculation of liquidation value, LVMH Moet Hennessy Louis Vuitton SE's accounts receivable are only considered to be worth 75% of book value:

LVMH Moet Hennessy Louis Vuitton SE's liquidation value for the quarter that ended in Dec. 2016 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=3738.39662447-35051.6877637+0.75 * 2832.27848101+0.5 * 11124.4725738
=-23,627

* 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.

LVMH Moet Hennessy Louis Vuitton SE Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
ChangeInReceivables -191-53560-17-128-206-74425176

LVMH Moet Hennessy Louis Vuitton SE Semi-Annual Data

Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15Jun16Dec16
ChangeInReceivables -11-194-9827-84118-77126-1893
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