JMP Group LLC (JMP Group LLC) Accounts Receivable : $20.8 Mil (As of Sep. 2021)

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What is JMP Group LLC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JMP Group LLC's accounts receivables for the quarter that ended in Sep. 2021 was $20.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JMP Group LLC's Days Sales Outstanding for the quarter that ended in Sep. 2021 was 25.95.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JMP Group LLC's Net-Net Working Capital per share for the quarter that ended in Sep. 2021 was $-0.80.

JMP Group LLC Accounts Receivable Historical Data

The historical data trend for JMP Group LLC's Accounts Receivable 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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JMP Group LLC Accounts Receivable Chart

JMP Group LLC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Accounts Receivable

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9.11

11.83

9.65

16.62

18.35

JMP Group LLC Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Accounts Receivable	Get a 7-Day Free Trial															18.64	18.35	24.06	36.58	20.79

JMP Group LLC Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

JMP Group LLC Accounts Receivable 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 receivables are being managed.

JMP Group LLC's Days Sales Outstanding for the quarter that ended in Sep. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.794	/	73.106	*	91
=	25.95

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), JMP Group LLC's accounts receivable are only considered to be worth 75% of book value:

JMP Group LLC's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2021 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(117.521	+	0.75 * 20.794	+	0.5 * 0	-	148.527
-	0	-	0.486)	/	19.9585
=	-0.80

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

JMP Group LLC Accounts Receivable Related Terms

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JMP Group LLC (JMP Group LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » JMP Group LLC (NYSE:JMP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 Montgomery Street, Suite 1100, San Francisco, CA, USA, 94111

Website

http://www.jmpg.com

JMP Group LLC is an investment bank that focuses its investment banking and equity research services on small and middle-market firms in five industries: consumer, financial services, health care, real estate, and technology. JMP provides capital raising, financial advisory, sales and trading, and equity research services. JMP also manages more than $1 billion of assets through its hedge funds and collateralized loan obligation management business.

Executives

Glenn H Tongue	director	600 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94111
Craig R Johnson	director	600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Kenneth M Karmin	director	11111 SANTA MONICA BLVD. SUITE 1640 LOS ANGELES CA 90025
Harry Mark Lunenburg	director	C/O TALON CAPITAL 1001 FARMINGTON AVE WEST HARTFORD CT 06107
David M Dipietro	director	10 CHITTENDEN LANE OWINGS MILLS MD 21117
Jonathan M Orszag	director	C/O COMPASS LEXECON 1101 K STREET NW, 8TH FLOOR WASHINGTON DC 20005
Joseph A Jolson	director, 10 percent owner, officer: CEO	600 MONTGOMERY STREET SUITE 1700 SAN FRANCISCO CA 94111
Thomas Rowe Wright	officer: Director of Equities	450 PARK AVENUE 5TH FLOOR NEW YORK NY 10022
Carter D Mack	director, officer: President	600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Raymond Jackson	officer: CFO	600 MONTGOMERY STREET SUITE 1100 SAN FRANCISCO CA 94111
Mark L Lehmann	director, officer: President, JMP Securities	600 MONTGOMERY STREET SAN FRANCISCO CA 94111
Kent Ledbetter	other: executive committee member	600 MONTGOMERY STREET SUITE 1100 SAN FRANCISCO CA 94111