Jerash Holdings (US) (Jerash Holdings (US)) Change In Receivables : $-2.9 Mil (TTM As of Dec. 2023)

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What is Jerash Holdings (US) Change In Receivables?

Jerash Holdings (US)'s change in receivables for the quarter that ended in Dec. 2023 was $-3.3 Mil. It means Jerash Holdings (US)'s Accounts Receivable increased by $3.3 Mil from Sep. 2023 to Dec. 2023 .

Jerash Holdings (US)'s change in receivables for the fiscal year that ended in Mar. 2023 was $8.7 Mil. It means Jerash Holdings (US)'s Accounts Receivable declined by $8.7 Mil from Mar. 2022 to Mar. 2023 .

Jerash Holdings (US)'s Accounts Receivable for the quarter that ended in Dec. 2023 was $8.5 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. Jerash Holdings (US)'s Days Sales Outstanding for the three months ended in Dec. 2023 was 28.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Jerash Holdings (US)'s liquidation value for the three months ended in Dec. 2023 was $24.4 Mil.

Jerash Holdings (US) Change In Receivables Historical Data

The historical data trend for Jerash Holdings (US)'s Change In Receivables 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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Jerash Holdings (US) Change In Receivables Chart

Jerash Holdings (US) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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1.28

-1.32

-6.70

0.76

8.72

Jerash Holdings (US) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-1.52	3.22	-4.08	1.28	-3.30

Jerash Holdings (US) Change In Receivables 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.9 Mil.

Jerash Holdings (US) (NAS:JRSH) Change In Receivables 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.

Jerash Holdings (US)'s Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.473	/	27.52	*	91
=	28.09

2. In Ben Graham's calculation of liquidation value, Jerash Holdings (US)'s accounts receivable are only considered to be worth 75% of book value:

Jerash Holdings (US)'s liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	19.618	-	9.551	+	0.75 * 8.473	+	0.5 * 15.938
=	24.4

Jerash Holdings (US) Change In Receivables Related Terms

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Jerash Holdings (US) (Jerash Holdings (US)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jerash Holdings (US) Inc (NAS:JRSH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

277 Fairfield Road, Suite 338, Fairfield, NJ, USA, 07004

Website

https://www.jerashholdings.com

Jerash Holdings (US) Inc along with its subsidiaries is a manufacturer and exporter of customized, ready-made sport and outerwear from knitted fabric from its production facilities in Jordan. The company manufactures for retailers namely Walmart, Costco, Sears, Hanes, Columbia, Land's End, VF Corporation, and Philip-Van Heusen which owns brands such as The North Face, Nautica, Timberland, Wrangler, Lee, Jansport, Calvin Klein, Tommy Hilfiger, IZOD, Speedo etc. It derives its revenue from the manufacturing and sales of outerwear in the United States. The company's product offering consists of jackets, polo shirts, crew neck shirts, pants and shorts made from knitted fabric.

Executives

Chi Yan Mak	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Kian Tjiauw Lee	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Lin Hung Choi	director, 10 percent owner, officer: Chairman/CEO/Pres./Treasurer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Yang Wei	director, officer: Vice President and Secretary	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Tsze Lun Ng	10 percent owner	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Bill Korn	director	61 DARREN DRIVE, BASKING RIDGE NJ 07920
Ibrahim H. Saif	director	1 ZOHD STREET, RAWABI PROVINCE SWEIFIEH, AMMAN M2 11185
Gilbert K. Lee	officer: Chief Financial Officer	260 EAST MAIN STREET, SUITE 2706, ROCHESTER NY 14604
Gary J. Haseley	director	C/O TRANSCAT, INC., 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624
Karl Brenza	officer: Head of U.S. Operations	26 CHERRY STREET, KATONAH NY 10536
Richard J. Shaw	officer: Chief Financial Officer	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001
Sean Socha	director	147 W. 35TH STREET, ROOM #1603, NEW YORK NY 10001