Luxottica Group SpA (Luxottica Group SpA) Change In Receivables : $-13 Mil (TTM As of Jun. 2018)

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What is Luxottica Group SpA Change In Receivables?

Luxottica Group SpA's change in receivables for the quarter that ended in Jun. 2018 was $-210 Mil. It means Luxottica Group SpA's Accounts Receivable increased by $210 Mil from Dec. 2017 to Jun. 2018 .

Luxottica Group SpA's change in receivables for the fiscal year that ended in Dec. 2017 was $-95 Mil. It means Luxottica Group SpA's Accounts Receivable increased by $95 Mil from Dec. 2016 to Dec. 2017 .

Luxottica Group SpA's Accounts Receivable for the quarter that ended in Jun. 2018 was $1,312 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. Luxottica Group SpA's Days Sales Outstanding for the six months ended in Jun. 2018 was 45.03.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Luxottica Group SpA's liquidation value for the six months ended in Jun. 2018 was $-2,405 Mil.

Luxottica Group SpA Change In Receivables Historical Data

The historical data trend for Luxottica Group SpA'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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Luxottica Group SpA Change In Receivables Chart

Luxottica Group SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Change In Receivables

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-23.05

-50.87

-118.35

-30.39

-95.12

Luxottica Group SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Change In Receivables	Get a 7-Day Free Trial															-269.16	222.30	-277.22	196.86	-209.67

Luxottica Group SpA 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. 2018 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-13 Mil.

Luxottica Group SpA (OTCPK:LUXTY) 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.

Luxottica Group SpA's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1312.19	/	5318.396	*	91
=	45.03

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

Luxottica Group SpA's liquidation value for the quarter that ended in Jun. 2018 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1152.261	-	5028.083	+	0.75 * 1312.19	+	0.5 * 972.438
=	-2,405

Luxottica Group SpA Change In Receivables Related Terms

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Luxottica Group SpA (Luxottica Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxottica Group SpA (OTCPK:LUXTY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piazzale L. Cadorna, 3, Milan, ITA, 20123

Website

http://www.luxottica.com

Luxottica designs, manufactures, and distributes high-quality prescription eyewear, frames and sunglasses. The company markets owned brands, including Ray-Ban, Oakley, Revo, and Arnette, as well as licensed brands, including Coach, Prada, Kors, and Polo Ralph Lauren. Luxottica is North America's largest eyewear retailer, with over 4,600 stores, through its Sunglass Hut, LensCrafters, Pearle Vision, Target Optical, and Ilori brands. The company also operates retail chains in Asia, Australia, South America, and Israel, totalling over 7,000 doors.

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