Joy Global (Joy Global) Accounts Receivable : $640 Mil (As of Jan. 2017)

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What is Joy Global Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Joy Global's accounts receivables for the quarter that ended in Jan. 2017 was $640 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Joy Global's Days Sales Outstanding for the quarter that ended in Jan. 2017 was 117.30.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Joy Global's Net-Net Working Capital per share for the quarter that ended in Jan. 2017 was $-8.34.

Joy Global Accounts Receivable Historical Data

The historical data trend for Joy Global'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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Joy Global Accounts Receivable Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Accounts Receivable

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1,229.08

852.61

832.92

812.07

683.96

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Accounts Receivable	Get a 7-Day Free Trial															650.93	670.38	647.02	683.96	639.88

Joy Global Accounts Receivable Calculation

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

Joy Global 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.

Joy Global's Days Sales Outstanding for the quarter that ended in Jan. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	639.881	/	497.769	*	91
=	117.30

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

Joy Global's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2017 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)
=	(321.909	+	0.75 * 639.881	+	0.5 * 836.465	-	2050.813
-	0	-	0)	/	99.6204
=	-8.34

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.

Joy Global Accounts Receivable Related Terms

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Joy Global (Joy Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Joy Global Inc (NYSE:JOY) » Definitions » Accounts Receivable

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Address

Website

http://www.joyglobal.com

Milwaukee-based Joy Global manufactures electric shovels, excavators, drills, and other mining equipment for use in surface (through its P&H brand) and underground mines (through the Joy name). Joy Global generated 59% of 2015 sales from coal customers and 32% of sales in the United States. The company was formed in 2001 after the bankruptcy and restructuring of Harnischfeger Industries.

Executives

Sean D Major	officer: EVP, GC and Secretary	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Doheny Edward L Ii	director, officer: President and CEO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
James M Sullivan	officer: EVP & CFO	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Gale E Klappa	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
John Nils Hanson	director	100 E WISCONSIN AVE, SUITE 2780, MILWAUKEE WI 53202
Mark Joseph Gliebe	director	200 STATE STREET, BELOIT WI 53511
Randal W Baker	officer: EVP and COO	100 E WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Michael W Sutherlin	director, officer: President and CEO	7374 SE 71ST STREET, MERCER ISLAND WA 98040
Eric A. Nielsen	officer: EVP	100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Ricky T Dillon	officer: VP and Controller	ONE SOUTH WACKER DRIVE, SUITE 1000, CHICAGO IL 60606
Ken C Johnsen	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
Woodward James H Jr	officer: Executive Vice President, CFO	7140 OFFICE CIRCLE, EVANSVILLE IN 47716
Donald C Roof	officer: Executive Vice President, CFO	P O BOX 554, MILWAUKEE WI 53201