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TJX Companies Inc  (NYSE:TJX) Change In Receivables: $-35 Mil (TTM As of Oct. 2017)

TJX Companies Inc's change in receivables for the quarter that ended in Oct. 2017 was $-43 Mil. It means TJX Companies Inc's Accounts Receivable declined by $43 Mil from Jul. 2017 to Oct. 2017 .

TJX Companies Inc's change in receivables for the fiscal year that ended in Jan. 2017 was $-23 Mil. It means TJX Companies Inc's Accounts Receivable declined by $23 Mil from Jan. 2016 to Jan. 2017 .

TJX Companies Inc's Accounts Receivable for the quarter that ended in Oct. 2017 was $346 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. TJX Companies Inc's Days Sales Outstanding for the three months ended in Oct. 2017 was 3.60.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TJX Companies Inc's liquidation value for the three months ended in Oct. 2017 was $-3,734 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.

TJX Companies Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.42 11.98 -9.05 -27.36 -23.24

TJX Companies Inc Quarterly Data

Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17
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 -22.75 53.61 -59.45 13.70 -42.55

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 Oct. 2017 was 53.608 (Jan. 2017 ) + -59.447 (Apr. 2017 ) + 13.696 (Jul. 2017 ) + -42.554 (Oct. 2017 ) = $-35 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.

TJX Companies Inc's Days Sales Outstanding for the quarter that ended in Oct. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=345.866/8762.22*91
=3.60

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

TJX Companies Inc's liquidation value for the quarter that ended in Oct. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=2875.862-9232.087+0.75 * 345.866+0.5 * 4725.85
=-3,734

* 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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