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GuruFocus has detected 5 Warning Signs with Johnson & Johnson \$JNJ.
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Johnson & Johnson (NYSE:JNJ)
Change In Receivables
\$-329 Mil (As of Dec. 2016)

Johnson & Johnson's change in receivables for the quarter that ended in Dec. 2016 was \$-329 Mil. It means Johnson & Johnson's accounts receivables declined by \$329 Mil from Sep. 2016 to Dec. 2016 .

Johnson & Johnson's change in receivables for the fiscal year that ended in Dec. 2016 was \$-1,065 Mil. It means Johnson & Johnson's accounts receivables declined by \$1,065 Mil from Dec. 2015 to Dec. 2016 .

Johnson & Johnson's accounts receivables for the quarter that ended in Dec. 2016 was \$11,699 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 Dec. 2016 was 58.96.

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 Dec. 2016 was \$-16,037 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 Dec. 2016 is calculated as:

 Days Sales Outstanding = Account Receivable / Revenue * Days in Period = 11699 / 18106 * 91 = 58.96

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 Dec. 2016 is calculated as:

 Liquidation Value = Cash and Cash Equivalents - Total Liabilities + (0.75 * Account Receivable) + (0.5 * Inventory) = 41907 - 70790 + 0.75 * 11699 + 0.5 * 8144 = -16,037

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Johnson & Johnson Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 ChangeInReceivables -416 -736 453 -207 -915 -9 -632 -247 -433 -1,065

Johnson & Johnson Quarterly Data

 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 ChangeInReceivables 152 -765 -421 276 477 -389 -709 362 -329 0
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