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Johnson & Johnson  (NYSE:JNJ) Change In Receivables: $-629 Mil (TTM As of Sep. 2017)

Johnson & Johnson's change in receivables for the quarter that ended in Sep. 2017 was $176 Mil. It means Johnson & Johnson's Accounts Receivable increased by $176 Mil from Jun. 2017 to Sep. 2017 .

Johnson & Johnson's change in receivables for the fiscal year that ended in Dec. 2016 was $-1,065 Mil. It means Johnson & Johnson's Accounts Receivable declined by $1,065 Mil from Dec. 2015 to Dec. 2016 .

Johnson & Johnson's Accounts Receivable for the quarter that ended in Sep. 2017 was $13,155 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. Johnson & Johnson's Days Sales Outstanding for the three months ended in Sep. 2017 was 61.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Johnson & Johnson's liquidation value for the three months ended in Sep. 2017 was $-50,821 Mil.


Historical Data

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

* Premium members only.

Johnson & Johnson Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.00 -632.00 -247.00 -433.00 -1,065.00

Johnson & Johnson Quarterly Data

Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 362.00 -329.00 -96.00 -380.00 176.00

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 Sep. 2017 was -329 (Dec. 2016 ) + -96 (Mar. 2017 ) + -380 (Jun. 2017 ) + 176 (Sep. 2017 ) = $-629 Mil.

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


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.

Johnson & Johnson's Days Sales Outstanding for the quarter that ended in Sep. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=13155/19650*91
=61.09

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

Johnson & Johnson's liquidation value for the quarter that ended in Sep. 2017 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=16231-81679+0.75 * 13155+0.5 * 9521
=-50,821

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


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