Switch to:
JC Penney Co Inc  (NYSE:JCP) Accounts Receivable: \$0 Mil (As of Jul. 2017)

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JC Penney Co Inc's accounts receivables for the quarter that ended in Jul. 2017 was \$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JC Penney Co Inc's Days Sales Outstanding for the quarter that ended in Jul. 2017 was 0.00.

In Ben Graham's calculation of liquidation value, accounts receivable are only considered to be worth 75% of book value. JC Penney Co Inc's Net-Net Working Capital for the quarter that ended in Jul. 2017 was \$-5,469 Mil.

Historical Data

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

JC Penney Co Inc Annual Data

 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Accounts Receivable 57.00 0.00 0.00 0.00 0.00

JC Penney Co Inc Quarterly Data

 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Accounts Receivable 0.00 0.00 0.00 0.00 0.00

Calculation

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

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.

JC Penney Co Inc's Days Sales Outstanding for the quarter that ended in Jul. 2017 is calculated as:

 Days Sales Outstanding = Accounts Receivable / Revenue * Days in Period = 0 / 2962 * 91 = 0.00

2. In Ben Graham's calculation of liquidation value, JC Penney Co Inc's accounts receivable are only considered to be worth 75% of book value:

JC Penney Co Inc's liquidation value for the quarter that ended in Jul. 2017 is calculated as:

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 314 - 7171 + 0.75 * 0 + 0.5 * 2777 = -5,469

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

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.

Related Terms

From the Internet

###### RT @Richa_Writes: #Black Friday draws early shoppers, but real frenzy is online

- Reuters 2017-11-24 15:12:43

###### Instant Pot sold out online? Kohl's CEO shares his tip to find it this Black Friday

- cnbc 2017-11-24 12:50:59

###### Macy's CEO sees Black Friday traffic stronger than last year, with fewer promotions

- cnbc 2017-11-24 11:58:06

###### Black Friday frenzy as throngs of shoppers line up for deals around the country

- cnbc 2017-11-24 10:29:55

###### Retail Stocks on Black Friday Show Bricks-And-Mortar Isn't Dead Just Yet

- theStreet 2017-11-24 09:49:00

###### Morning Movers: Digging In the Haystack for Teva, Nektar

- Barron's 2017-11-24 09:18:00

###### Is Black Friday Still the Day Retailers Move From Loss to Profit?

- Fool 2017-11-24 08:46:00

###### JC Penney Up 18% Since Q3 Earnings, Can It Gain Further?

- Zacks 2017-11-24 07:57:00

###### Much Turkey Try Swans

- Seekingalpha 2017-11-24 06:45:04

###### Better ways to spend time and money on Black Friday

- theStreet 2017-11-23 22:43:00

###### We Just Visited Walmart and Kmart Stores on Thanksgiving -- What We Saw

- theStreet 2017-11-23 08:27:00

###### Watch: Which Retailers Are Kicking Off Black Friday Today?

- theStreet 2017-11-23 06:32:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)