Daily Journal (Daily Journal) Accounts Receivable : $12.74 Mil (As of Dec. 2023)

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What is Daily Journal Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Daily Journal's accounts receivables for the quarter that ended in Dec. 2023 was $12.74 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Daily Journal's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 72.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Daily Journal's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $143.47.

Daily Journal Accounts Receivable Historical Data

The historical data trend for Daily Journal'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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Daily Journal Accounts Receivable Chart

Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

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7.04

6.73

9.52

16.93

18.69

Daily Journal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															11.38	13.52	17.21	18.69	12.74

Daily Journal Accounts Receivable Calculation

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

Daily Journal 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.

Daily Journal's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.742	/	15.993	*	91
=	72.70

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

Daily Journal's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(332.25	+	0.75 * 12.742	+	0.5 * 0.058	-	144.279
-	0	-	0)	/	1.37703
=	143.47

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.

Daily Journal Accounts Receivable Related Terms

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Daily Journal (Daily Journal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daily Journal Corp (NAS:DJCO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

DJ1:Germany

Address

915 East First Street, Los Angeles, CA, USA, 90012

Website

https://www.dailyjournal.com

Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Executives

Gerald L Salzman	director, officer: Chief Executive Officer	C/O DAILY JOURNAL, 915 E. FIRST STREET, LOS ANGELES CA 90012
Guerin John Patrick Et Al	director, 10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071-1560
Mary Conlin	director	P.O. BOX 1516, PACIFIC PALISADES CA 90272
Charles T Munger	director, 10 percent owner, officer: Chairman	355 S GRAND AV, 34TH FL, LOS ANGELES CA 90071
Munger, Marshall & Co., A California Limited Partnership	10 percent owner	355 SOUTH GRAND AVENUE, 34TH FLOOR, LOS ANGELES CA 90071