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John Wiley & Sons, Inc. (NYSE:JW.A)
Accounts Receivable
$0 Mil (As of Jan. 2014)

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. John Wiley & Sons, Inc.'s accounts receivables for the quarter that ended in Jan. 2014 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham’s calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. John Wiley & Sons, Inc.'s Liquidation Value for the quarter that ended in Jan. 2014 was $0 Mil.


Definition

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


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.

John Wiley & Sons, Inc.'s Days Sales Outstanding for the quarter that ended in Jan. 2014 is calculated as:

2. In Ben Graham’s calculation of liquidation value, John Wiley & Sons, Inc.'s accounts receivable are only considered to be worth 75% of book value:

John Wiley & Sons, Inc.'s liquidation value for the quarter that ended in Jan. 2014 is calculated as:

Liquidation value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=0-0+0.75 * 0+0.5 * 0
=0

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Days Sales Outstanding, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

John Wiley & Sons, Inc. Annual Data

Apr04Apr05Apr06Apr07Apr08Apr09Apr10Apr11Apr12Apr13
Accts Rec. 130138158201212179165168172162

John Wiley & Sons, Inc. Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
Accts Rec. 2022181722001962381621851800
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