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Tesco Corp  (NAS:TESO) Change In Receivables: \$-3.1 Mil (As of Jun. 2017)

Tesco Corp's change in receivables for the quarter that ended in Jun. 2017 was \$-3.1 Mil. It means Tesco Corp's Accounts Receivable declined by \$3.1 Mil from Mar. 2017 to Jun. 2017 .

Tesco Corp's change in receivables for the fiscal year that ended in Dec. 2016 was \$27.0 Mil. It means Tesco Corp's Accounts Receivable increased by \$27.0 Mil from Dec. 2015 to Dec. 2016 .

Tesco Corp's Accounts Receivable for the quarter that ended in Jun. 2017 was \$43.6 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. Tesco Corp's Days Sales Outstanding for the three months ended in Jun. 2017 was 99.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tesco Corp's liquidation value for the three months ended in Jun. 2017 was \$104.6 Mil.

Historical Data

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

Tesco Corp Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Change In Receivables -20.88 -9.68 6.13 61.48 26.97

Tesco Corp Quarterly Data

 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Change In Receivables 9.32 0.74 1.58 -6.04 -3.14

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.

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

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 43.619 / 40.142 * 91 = 99.15

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

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

 Liquidation Value = Cash, Cash Equivalents, Marketable Securities - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 72.489 - 38.004 + 0.75 * 43.619 + 0.5 * 74.846 = 104.6

* 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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