AmTrust Financial Services (AmTrust Financial Services) Accounts Receivable : $9,137 Mil (As of Sep. 2018)

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What is AmTrust Financial Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. AmTrust Financial Services's accounts receivables for the quarter that ended in Sep. 2018 was $9,137 Mil.

Accounts receivable can be measured by Days Sales Outstanding. AmTrust Financial Services's Days Sales Outstanding for the quarter that ended in Sep. 2018 was 526.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. AmTrust Financial Services's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-78.87.

AmTrust Financial Services Accounts Receivable Historical Data

The historical data trend for AmTrust Financial Services'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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AmTrust Financial Services Accounts Receivable Chart

AmTrust Financial Services Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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3,523.82

4,292.31

5,243.33

7,131.69

8,916.21

AmTrust Financial Services Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Receivable	Get a 7-Day Free Trial															8,983.31	8,916.21	8,960.50	9,122.90	9,136.90

AmTrust Financial Services Accounts Receivable Calculation

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

AmTrust Financial Services 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.

AmTrust Financial Services's Days Sales Outstanding for the quarter that ended in Sep. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9136.9	/	1584.5	*	91
=	526.19

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

AmTrust Financial Services's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 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)
=	(752.9	+	0.75 * 9136.9	+	0.5 * 0	-	22230.7
-	913.7	-	54.7)	/	197.7
=	-78.87

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.

AmTrust Financial Services Accounts Receivable Related Terms

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AmTrust Financial Services (AmTrust Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AmTrust Financial Services Inc (NAS:AFSI) » Definitions » Accounts Receivable

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Address

59 Maiden Lane, 43rd Floor, New York, NY, USA, 10038

Website

https://www.amtrustfinancial.com

AmTrust Financial Services Inc is a multinational company that underwrites and provides property and casualty insurance products. The company specializes in coverage for small to mid-sized businesses, with a philosophical focus on niche diversity and low-hazard risk. AmTrust's business model strives to achieve its profit goals through geographic and product diversification. The company reports three business segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The vast majority of revenues is derived from its Small Commercial Business risk.

Executives

Chris C Stroup	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Shettle John F Jr	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Peter Dewey	officer: Head of International	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Christopher Foy	officer: Head of N. American Commercial	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Barry D Zyskind	director, 10 percent owner, officer: Chairman, President and CEO	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Ariel Gorelik	officer: SVP, Chief Information Officer	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Raul Rivera	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Adam Karkowsky	officer: EVP, Chief Financial Officer	C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038
Stephen Ungar	officer: SVP, GC and Secretary	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Susan Fisch	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
David Saks	officer: EVP, Chief Legal Officer	59 MAIDEN LANE, NEW YORK NY 10038
Christopher Longo	officer: EVP, Chief Operating Officer	59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Abraham Gulkowitz	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Michael J Saxon	officer: EVP - U.S. Commercial Lines	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Leah Karfunkel	director, 10 percent owner	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038