Forensic Analysis · Media / Entertainment / Streaming · as of Aug 11, 2026
Daily Journal Corp (DJCO)
A forensic read on Daily Journal Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
13.7
Distress distance
Watch
Earnings quality
5
Forensic signals
56.6
P / E (ttm)
28.7%
ROE
$787M
Market cap
25.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Daily Journal Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 13.7, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by cash conversion.
What the filings flag
0.13×
FY2023–FY2025
Cash conversion.Over FY2023–FY2025, operating cash flow was 0.13× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.
+32.9%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +32.9% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by receivables up +9% against revenue +25%. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by 31% of net operating assets.
1.5%
FY2025
Return on invested capital.Return on invested capital is 1.5% in the latest fiscal year and steady — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
-0.0%/yr
FY2010–FY2025
Share count.Diluted share count changed -0% over the last 15 years to FY2025 (-0.0%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
$13M
FY2019–FY2019
Goodwill impairments.
Key fundamentals
Latest Revenue$87.7M
Revenue Growth YoY+25.4%
Revenue CAGR (3yr)+17.5%
Net Margin127.9%
Free Cash Flow$13.3M
Return on Equity28.7%
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Daily Journal Corp's actual 10-K/10-Q/8-K filings?