Averox (Averox) Change In Receivables : $-0.27 Mil (TTM As of Jun. 2009)

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What is Averox Change In Receivables?

Averox's change in receivables for the quarter that ended in Jun. 2009 was $-0.15 Mil. It means Averox's Accounts Receivable increased by $0.15 Mil from Mar. 2009 to Jun. 2009 .

Averox's change in receivables for the fiscal year that ended in Jun. 2008 was $-0.01 Mil. It means Averox's Accounts Receivable increased by $0.01 Mil from Jun. 2007 to Jun. 2008 .

Averox's Accounts Receivable for the quarter that ended in Jun. 2009 was $0.39 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. Averox's Days Sales Outstanding for the three months ended in Jun. 2009 was 150.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Averox's liquidation value for the three months ended in Jun. 2009 was $-0.72 Mil.

Averox Change In Receivables Historical Data

The historical data trend for Averox'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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Averox Change In Receivables Chart

Averox Annual Data

Trend

Dec03

Dec04

Dec05

Jun07

Jun08

Change In Receivables

-2.17

-0.01

Averox Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Change In Receivables	Get a 7-Day Free Trial															0.28	-0.25	-0.11	0.25	-0.15

Averox 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. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.27 Mil.

Averox (OTCPK:AVRI) 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.

Averox's Days Sales Outstanding for the quarter that ended in Jun. 2009 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.393	/	0.239	*	91
=	150.05

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

Averox's liquidation value for the quarter that ended in Jun. 2009 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.392	-	1.409	+	0.75 * 0.393	+	0.5 * 0
=	-0.72

Averox Change In Receivables Related Terms

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Averox (Averox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Averox Inc (OTCPK:AVRI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

13784 Graber Avenue, Sylmar, CA, USA, 91342

Website

https://www.averox.com

Averox Inc started as a software company writing programs useful to small and large businesses. The current business plan is to merge with a private company, possibly a manufacturer of surgical instruments.

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