Henex (XBRU:HENX) Change In Receivables

: €0.00 Mil (TTM As of Jun. 2013)

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Henex's change in receivables for the quarter that ended in Jun. 2013 was €0.00 Mil. It means Henex's Accounts Receivable stayed the same from Dec. 2012 to Jun. 2013 .

Henex's change in receivables for the fiscal year that ended in Dec. 2012 was €0.00 Mil. It means Henex's Accounts Receivable stayed the same from Dec. 2011 to Dec. 2012 .

Henex's Accounts Receivable for the quarter that ended in Jun. 2013 was €0.14 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. Henex's Days Sales Outstanding for the six months ended in Jun. 2013 was 1.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Henex's liquidation value for the six months ended in Jun. 2013 was €58.88 Mil.

Henex Change In Receivables Historical Data

The historical data trend for Henex's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Henex Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Change In Receivables

Henex Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13
Change In Receivables	-	-	-	-

Henex Change In Receivables 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 Jun. 2013 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.00 Mil.

Henex (XBRU:HENX) Change In Receivables 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.

Henex's Days Sales Outstanding for the quarter that ended in Jun. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.143	/	22.645	*	91
=	1.15

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

Henex's liquidation value for the quarter that ended in Jun. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	59.718	-	0.947	+	0.75 * 0.143	+	0.5 * 0
=	58.88

Henex Change In Receivables Related Terms

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Henex (XBRU:HENX) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Henex (XBRU:HENX) » Definitions » Change In Receivables

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Address

Website

http://www.henex.be

Henex is an investment company owning shares in the listed groups namely, Danone, Sofina, Delhaize, Ageas, SES Global, Heineken, Henfin and GDF Suez.

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