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J.C. Penney Co Inc (NYSE:JCP)
Change In Receivables
$0 Mil (As of Jan. 2014)

J.C. Penney Co Inc's change in receivables for the quarter that ended in Jan. 2014 was $0 Mil. It means J.C. Penney Co Inc's accounts receivables stayed the same from Oct. 2013 to Jan. 2014 .

J.C. Penney Co Inc's change in receivables for the fiscal year that ended in Jan. 2014 was $0 Mil. It means J.C. Penney Co Inc's accounts receivables stayed the same from Jan. 2013 to Jan. 2014 .

J.C. Penney Co Inc's accounts receivables for the quarter that ended in Jan. 2014 was $4 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 receivables are being managed. J.C. Penney Co Inc's days sales outstanding for the three months ended in Jan. 2014 was 0.10.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. J.C. Penney Co Inc's liquidation value for the three months ended in Jan. 2014 was $-5,729 Mil.


Definition

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.


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.

J.C. Penney Co Inc's Days Sales Outstanding for the quarter that ended in Jan. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=4/3782*91
=0.10

2. In Ben Graham’s calculation of liquidation value, J.C. Penney Co Inc's accounts receivable are only considered to be worth 75% of book value:

J.C. Penney Co 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)
=1515-8714+0.75 * 4+0.5 * 2935
=-5,729

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


Related Terms

Days Sales Outstanding, Account Receivable, 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.

J.C. Penney Co Inc Annual Data

Jan05Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14
ChangeInReceivables 3-44299000000

J.C. Penney Co Inc Quarterly Data

Oct11Jan12Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14
ChangeInReceivables 0000000000
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