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Johnson & Johnson (NYSE:JNJ)
Change In Receivables
$185 Mil (As of Sep. 2014)

Johnson & Johnson's change in receivables for the quarter that ended in Sep. 2014 was $185 Mil. It means Johnson & Johnson's accounts receivables increased by $185 Mil from Jun. 2014 to Sep. 2014 .

Johnson & Johnson's change in receivables for the fiscal year that ended in Dec. 2013 was $-632 Mil. It means Johnson & Johnson's accounts receivables declined by $632 Mil from Dec. 2012 to Dec. 2013 .

Johnson & Johnson's accounts receivables for the quarter that ended in Sep. 2014 was $11,615 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. Johnson & Johnson's days sales outstanding for the three months ended in Sep. 2014 was 57.39.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Johnson & Johnson's liquidation value for the three months ended in Sep. 2014 was $-9,580 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.

Johnson & Johnson's Days Sales Outstanding for the quarter that ended in Sep. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=11615/18467*365 / 4
=57.39

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

Johnson & Johnson's liquidation value for the quarter that ended in Sep. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=33005-55506+0.75 * 11615+0.5 * 8419
=-9,580

* 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.

Johnson & Johnson Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
ChangeInReceivables -111-568-699-416-736453-207-915-9-632

Johnson & Johnson Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
ChangeInReceivables 370-61-103-434-213-324339-426-158185
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