Joy Global (Joy Global) Change In Receivables : $13 Mil (TTM As of Jan. 2017)

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What is Joy Global Change In Receivables?

Joy Global's change in receivables for the quarter that ended in Jan. 2017 was $44 Mil. It means Joy Global's Accounts Receivable declined by $44 Mil from Oct. 2016 to Jan. 2017 .

Joy Global's change in receivables for the fiscal year that ended in Oct. 2016 was $116 Mil. It means Joy Global's Accounts Receivable declined by $116 Mil from Oct. 2015 to Oct. 2016 .

Joy Global's Accounts Receivable for the quarter that ended in Jan. 2017 was $640 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 Receivable are being managed. Joy Global's Days Sales Outstanding for the three months ended in Jan. 2017 was 117.30.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Joy Global's liquidation value for the three months ended in Jan. 2017 was $-831 Mil.

Joy Global Change In Receivables Historical Data

The historical data trend for Joy Global's Change In Receivables 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 Change In Receivables Chart

Joy Global Annual Data

Trend

Oct07

Oct08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Oct16

Change In Receivables

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-162.88

206.91

61.25

208.26

115.68

Joy Global Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17
Change In Receivables	Get a 7-Day Free Trial															146.68	-1.79	11.87	-41.08	44.29

Joy Global Change In Receivables Calculation

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.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2017 adds up the quarterly data reported by the company within the most recent 12 months, which was $13 Mil.

Joy Global (NYSE:JOY) Change In Receivables 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 Receivable 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 liquidation value, Joy Global's accounts receivable are only considered to be worth 75% of book value:

Joy Global's liquidation value for the quarter that ended in Jan. 2017 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	321.909	-	2050.813	+	0.75 * 639.881	+	0.5 * 836.465
=	-831

Joy Global Change In Receivables 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 » Change In Receivables

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Traded in Other Exchanges

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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