Daily Journal (Daily Journal) Receivables Turnover : 1.02 (As of Dec. 2023)

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What is Daily Journal Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Daily Journal's Revenue for the three months ended in Dec. 2023 was $15.99 Mil. Daily Journal's average Accounts Receivable for the three months ended in Dec. 2023 was $15.71 Mil. Hence, Daily Journal's Receivables Turnover for the three months ended in Dec. 2023 was 1.02.

Daily Journal Receivables Turnover Historical Data

The historical data trend for Daily Journal's Receivables Turnover 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 Receivables Turnover Chart

Daily Journal Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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8.22

7.26

6.14

4.08

3.80

Daily Journal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.87	1.30	1.15	1.20	1.02

Competitive Comparison of Daily Journal's Receivables Turnover

For the Software - Application subindustry, Daily Journal's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Daily Journal's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Daily Journal's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Daily Journal's Receivables Turnover falls into.

Daily Journal Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Daily Journal's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	67.709	/ (	(16.931	+	18.687)	/	2 )
=	67.709	/	17.809
=	3.80

Daily Journal's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	15.993	/ (	(18.687	+	12.742)	/	2 )
=	15.993	/	15.7145
=	1.02

Daily Journal (NAS:DJCO) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Daily Journal Receivables Turnover 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 » Receivables Turnover

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