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JPMorgan European Discovery Trust (LSE:JEDT) Accounts Receivable : £0.00 Mil (As of Sep. 2023)


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What is JPMorgan European Discovery Trust Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JPMorgan European Discovery Trust's accounts receivables for the quarter that ended in Sep. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JPMorgan European Discovery Trust's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was £-0.20.


JPMorgan European Discovery Trust Accounts Receivable Historical Data

The historical data trend for JPMorgan European Discovery Trust'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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JPMorgan European Discovery Trust Accounts Receivable Chart

JPMorgan European Discovery Trust Annual Data
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Accounts Receivable
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JPMorgan European Discovery Trust Semi-Annual Data
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JPMorgan European Discovery Trust Accounts Receivable Calculation

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


JPMorgan European Discovery Trust 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.

JPMorgan European Discovery Trust's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-86.647*91
=

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

JPMorgan European Discovery Trust's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(43.53+0.75 * 0+0.5 * 0-75.496
-0-0)/157.425
=-0.20

* 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.


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.


JPMorgan European Discovery Trust Accounts Receivable Related Terms

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JPMorgan European Discovery Trust (LSE:JEDT) Business Description

Traded in Other Exchanges
Address
60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan European Discovery Trust PLC is an investment trust company. Its objective is to achieve capital growth from smaller European companies (excluding the United Kingdom). In seeking to achieve this objective, the Company employs JPMorgan Funds Limited which, in turn, delegates portfolio management to JPMorgan Asset Management (UK) Limited to actively manage the company's assets. The investment policy emphasizes capital growth rather than income. It has a presence in the Netherlands, Sweden, Italy, Germany, France, Norway, Austria, Belgium, Switzerland, and Spain.

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