Armor Designs (LSE:ADIS) Change In Receivables : £-0.02 Mil (TTM As of Dec. 2013)

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What is Armor Designs Change In Receivables?

Armor Designs's change in receivables for the quarter that ended in Dec. 2013 was £-0.02 Mil. It means Armor Designs's Accounts Receivable increased by £0.02 Mil from Dec. 2012 to Dec. 2013 .

Armor Designs's change in receivables for the fiscal year that ended in Dec. 2013 was £-0.02 Mil. It means Armor Designs's Accounts Receivable increased by £0.02 Mil from Dec. 2012 to Dec. 2013 .

Armor Designs's Accounts Receivable for the quarter that ended in Dec. 2013 was £0.03 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. Armor Designs's Days Sales Outstanding for the six months ended in Dec. 2013 was 77.33.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Armor Designs's liquidation value for the six months ended in Dec. 2013 was £-8.28 Mil.

Armor Designs Change In Receivables Historical Data

The historical data trend for Armor Designs'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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Armor Designs Change In Receivables Chart

Armor Designs Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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1.26

0.17

-0.08

0.19

-0.02

Armor Designs Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13
Change In Receivables	Get a 7-Day Free Trial				1.26	0.17	-0.08	0.19	-0.02

Armor Designs 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. 2013 was £-0.02 Mil.

Armor Designs (LSE:ADIS) 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.

Armor Designs's Days Sales Outstanding for the quarter that ended in Dec. 2013 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.025	/	0.059	*	91
=	77.33

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

Armor Designs's liquidation value for the quarter that ended in Dec. 2013 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.012	-	8.454	+	0.75 * 0.025	+	0.5 * 0.29
=	-8.28

Armor Designs Change In Receivables Related Terms

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Armor Designs (LSE:ADIS) Business Description

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Armor Designs Inc was incorporated in Delaware on March 30, 2006. The Company is a designer, integrator and manufacturer of body and vehicular armor solutions for military, government and commercial sectors on a global basis. Its focus is primarily on introducing next generation armor based on patented Volumetrically Controlled Manufacturing (VCM) technology.

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