Noranda Aluminum Holding (Noranda Aluminum Holding) Change In Receivables : $26 Mil (TTM As of Dec. 2015)

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What is Noranda Aluminum Holding Change In Receivables?

Noranda Aluminum Holding's change in receivables for the quarter that ended in Dec. 2015 was $18 Mil. It means Noranda Aluminum Holding's Accounts Receivable declined by $18 Mil from Sep. 2015 to Dec. 2015 .

Noranda Aluminum Holding's change in receivables for the fiscal year that ended in Dec. 2015 was $26 Mil. It means Noranda Aluminum Holding's Accounts Receivable declined by $26 Mil from Dec. 2014 to Dec. 2015 .

Noranda Aluminum Holding's Accounts Receivable for the quarter that ended in Dec. 2015 was $65 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. Noranda Aluminum Holding's Days Sales Outstanding for the three months ended in Dec. 2015 was 24.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Noranda Aluminum Holding's liquidation value for the three months ended in Dec. 2015 was $-1,087 Mil.

Noranda Aluminum Holding Change In Receivables Historical Data

The historical data trend for Noranda Aluminum Holding'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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Noranda Aluminum Holding Change In Receivables Chart

Noranda Aluminum Holding Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Change In Receivables

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22.10

-3.80

18.90

-17.20

26.30

Noranda Aluminum Holding Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Change In Receivables	Get a 7-Day Free Trial															9.40	-8.80	16.50	0.70	17.90

Noranda Aluminum Holding 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 Dec. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $26 Mil.

Noranda Aluminum Holding (OTCPK:NORNQ) 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.

Noranda Aluminum Holding's Days Sales Outstanding for the quarter that ended in Dec. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	64.9	/	240.3	*	91
=	24.64

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

Noranda Aluminum Holding's liquidation value for the quarter that ended in Dec. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	56.1	-	1259.5	+	0.75 * 64.9	+	0.5 * 135.4
=	-1,087

Noranda Aluminum Holding Change In Receivables Related Terms

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Noranda Aluminum Holding (Noranda Aluminum Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Aluminum Holding Corp (OTCPK:NORNQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

801 Crescent Centre Drive, Suite 600, Franklin, TN, USA, 37067

Website

http://www.norandaaluminum.com

Noranda Aluminum Holding Corporation is an integrated producer of value-added primary aluminum products and rolled aluminum coils. The company's downstream business is one of the largest aluminum foil producers in North America. Its upstream business is a large producer of primary aluminum in the U.S.

Executives

Richard B Evans	director	C/O BOATWATER INC, 55 EAST CAMPERDOWN WAY, GREENVILLE SC 29601
Ronald S Rolfe	director	825 8TH AVENUE, 38TH FLOOR, NEW YORK NY 10019
Carl J Rickertsen	director	MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Alan H Schumacher	director	C/O QUALITY DISTRIBUTION, INC., 4041 PARK OAKS BOULEVARD, SUITE 200, TAMPA FL 33610
Gail E Lehman	officer: Gen Counsel/Sec/Chief Adm Off	801 CRESCENT CENTRE DRIVE, SUITE 600, FRANKLIN TN 37067
Thomas R Miklich	director	C/O OM GROUP INC 50 PACIFIC SQUARE #3500 CLEVELAND OH 44113
Dale W Boyles	officer: Chief Financial Officer	1000 EAST HANES MILL ROAD, WINSTON-SALEM NC 27105
Pasquale Fiore	director	201 ISABELLA STREET, SUITE 500, PITTSBURGH PA 15212
Apollo Principal Holdings I Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Investment Fund Vi L P	10 percent owner	2 MANHATTAVILLE RD, PURCHASE NY 10577
Apollo International Management Gp, Llc	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo International Management, L.p.	10 percent owner	9 WEST 57TH STREET, NEW YORK NY 10019
Apollo Management Vi, L.p.	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aif Vi Management, Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577

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