ETRADE Financial (ETRADE Financial) Change In Receivables : $282 Mil (TTM As of Jun. 2020)

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What is E*TRADE Financial Change In Receivables?

E*TRADE Financial's change in receivables for the quarter that ended in Jun. 2020 was $-2,175 Mil. It means E*TRADE Financial's Accounts Receivable increased by $2,175 Mil from Mar. 2020 to Jun. 2020 .

E*TRADE Financial's change in receivables for the fiscal year that ended in Dec. 2019 was $-750 Mil. It means E*TRADE Financial's Accounts Receivable increased by $750 Mil from Dec. 2018 to Dec. 2019 .

E*TRADE Financial's Accounts Receivable for the quarter that ended in Jun. 2020 was $1,128 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. E*TRADE Financial's Days Sales Outstanding for the three months ended in Jun. 2020 was 143.76.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. E*TRADE Financial's liquidation value for the three months ended in Jun. 2020 was $-42,277 Mil.

E*TRADE Financial Change In Receivables Historical Data

The historical data trend for E*TRADE Financial'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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E*TRADE Financial Change In Receivables Chart

E*TRADE Financial Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Change In Receivables

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641.00

139.00

-2,474.00

-71.00

-750.00

*ETRADE Financial Quarterly Data**
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Change In Receivables	Get a 7-Day Free Trial															32.00	-65.00	-173.00	2,695.00	-2,175.00

E*TRADE Financial 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. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $282 Mil.

E*TRADE Financial (NAS:ETFC) 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.

E*TRADE Financial's Days Sales Outstanding for the quarter that ended in Jun. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1128	/	716	*	91
=	143.76

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

E*TRADE Financial's liquidation value for the quarter that ended in Jun. 2020 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	20428	-	63551	+	0.75 * 1128	+	0.5 * 0
=	-42,277

E*TRADE Financial Change In Receivables Related Terms

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ETRADE Financial (ETRADE Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » E*TRADE Financial Corp (NAS:ETFC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203

Website

https://us.etrade.com

E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.

Executives

Richard J Carbone	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992
Joshua Weinreich	director	C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154
Chad E. Turner	officer: Chief Financial Officer	11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Alice Milligan	officer: EVP, Chief Customer Officer	11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Lori Sher	officer: EVP, General Counsel	11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Michael Jos. Murphy	officer: Sr. MD, Retail Brokerage	11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Dirk W Wyckoff	officer: Principal Accounting Officer	671 N GLEBE ROAD ARLINGTON VA 22203
Donna L Weaver	director	C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
Jaime Wallace Ellertson	director	C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326
Rodger A Lawson	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Shelley B Leibowitz	director	C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Rebecca Saeger	director	C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Michael John Curcio	officer: EVP, Institutional	C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
James Lam	director	C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017
Matthew Minetola	officer: Chief Information Officer	300 GALLERIA PARKWAY, NW ATLANTA GA 30339