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David Jones (ASX:DJS) Accounts Receivable : A$0 Mil (As of Jan. 2014)


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What is David Jones Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. David Jones's accounts receivables for the quarter that ended in Jan. 2014 was A$0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. David Jones's Days Sales Outstanding for the quarter that ended in Jan. 2014 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. David Jones's Net-Net Working Capital per share for the quarter that ended in Jan. 2014 was A$-0.42.


David Jones Accounts Receivable Historical Data

The historical data trend for David Jones'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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David Jones Accounts Receivable Chart

David Jones Annual Data
Trend Jul04 Jul05 Jul06 Jul07 Jul08 Jul09 Jul10 Jul11 Jul12 Jul13
Accounts Receivable
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David Jones Semi-Annual Data
Jul04 Jan05 Jul05 Jan06 Jul06 Jan07 Jul07 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12 Jul12 Jan13 Jul13 Jan14
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David Jones Accounts Receivable Calculation

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


David Jones 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.

David Jones's Days Sales Outstanding for the quarter that ended in Jan. 2014 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1059.005*91
=0.00

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

David Jones's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2014 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)
=(46.712+0.75 * 0+0.5 * 224.767-385.284
-0-0)/535.489
=-0.42

* 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.


David Jones Accounts Receivable Related Terms

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David Jones Business Description

Traded in Other Exchanges
N/A
Address
David Jones Limited is engaged in the business of department store retailing and providing financial services. It operates in two segments: Department Stores and Financial Services. The company operates department stores and rack stores in New South Wales, Australian Capital Territory, Victoria, Queensland, South Australia, and Western Australia. The company also has a financial services alliance with American Express Australia Limited, which is relating to the assignment of store card and credit reserve receivables, and the launch of a general purpose credit card. Its Services include: Corporate Services, Insurance Card, Gift Registry, Bridal at David Jones, David Jones Celebration Card Statement, Style Advisors, Personal Shopping, Shopping Online, Gift Card, Interior Decorating, Flowers, Food hall, The Rose Clinic, Bra Fitting etc.

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