M17 Entertainment (M17 Entertainment) Change In Receivables : $-2.47 Mil (TTM As of Dec. 2017)

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What is M17 Entertainment Change In Receivables?

M17 Entertainment's change in receivables for the quarter that ended in Dec. 2017 was $-2.47 Mil. It means M17 Entertainment's Accounts Receivable increased by $2.47 Mil from Dec. 2016 to Dec. 2017 .

M17 Entertainment's change in receivables for the fiscal year that ended in Dec. 2017 was $-2.47 Mil. It means M17 Entertainment's Accounts Receivable increased by $2.47 Mil from Dec. 2016 to Dec. 2017 .

M17 Entertainment's Accounts Receivable for the quarter that ended in Dec. 2017 was $6.40 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. M17 Entertainment's Days Sales Outstanding for the six months ended in Dec. 2017 was 14.70.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. M17 Entertainment's liquidation value for the six months ended in Dec. 2017 was $-115.33 Mil.

M17 Entertainment Change In Receivables Historical Data

The historical data trend for M17 Entertainment'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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M17 Entertainment Change In Receivables Chart

M17 Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Change In Receivables

-0.61

-2.47

M17 Entertainment Semi-Annual Data
	Dec15	Dec16	Dec17
Change In Receivables	-	-0.61	-2.47

M17 Entertainment 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2017 was $-2.47 Mil.

M17 Entertainment (NYSE:YQ) 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.

M17 Entertainment's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.402	/	79.502	*	91
=	14.70

2. In Ben Graham's calculation of liquidation value, M17 Entertainment's accounts receivable are only considered to be worth 75% of book value:

M17 Entertainment's liquidation value for the quarter that ended in Dec. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	24.398	-	144.531	+	0.75 * 6.402	+	0.5 * 0
=	-115.33

M17 Entertainment Change In Receivables Related Terms

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