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JPMorgan US Smaller IT (LSE:JUSC) Accounts Receivable : £0.00 Mil (As of Dec. 2023)


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What is JPMorgan US Smaller IT Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JPMorgan US Smaller IT's accounts receivables for the quarter that ended in Dec. 2023 was £0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JPMorgan US Smaller IT's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. JPMorgan US Smaller IT's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.07.


JPMorgan US Smaller IT Accounts Receivable Historical Data

The historical data trend for JPMorgan US Smaller IT'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 US Smaller IT Accounts Receivable Chart

JPMorgan US Smaller IT Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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JPMorgan US Smaller IT Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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JPMorgan US Smaller IT Accounts Receivable Calculation

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


JPMorgan US Smaller IT 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 US Smaller IT's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/11.538*91
=0.00

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

JPMorgan US Smaller IT's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(19.237+0.75 * 0+0.5 * 0-23.806
-0-0)/63.7701
=-0.07

* 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 US Smaller IT Accounts Receivable Related Terms

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JPMorgan US Smaller IT (LSE:JUSC) Business Description

Traded in Other Exchanges
N/A
Address
60 Victoria Embankment, London, GBR, EC4Y 0JP
JPMorgan US Smaller Companies IT PLC is a UK-based investment company. It aims to achieve capital growth from investing in the US smaller companies. The company invests in a diversified portfolio and employs a manager with a strong focus on research and identifying the most attractive stocks in the us smaller companies universe. It reviews its performance against the Russell 2000 Index total return with net dividends reinvested, expressed in sterling terms which represent smaller companies' index and is rebalanced annually to represent the bottom 10% by market capitalization of all quoted companies in the us.

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