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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Allstate's accounts receivables for the quarter that ended in Mar. 2024 was $19,299 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Allstate's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 115.41.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Allstate's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-261.31.
The historical data trend for Allstate'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.
Allstate Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 15,683.00 | 13,678.00 | 18,388.00 | 18,784.00 | 18,853.00 |
Allstate Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Accounts Receivable | Get a 7-Day Free Trial | 19,011.00 | 18,864.00 | 19,185.00 | 18,853.00 | 19,299.00 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Allstate's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 19299 | / | 15259 | * | 91 |
= | 115.41 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Allstate's accounts receivable are only considered to be worth 75% of book value:
Allstate's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (5168 | + | 0.75 * 19299 | + | 0.5 * 0 | - | 86761 |
- | 2001 | - | -159) | / | 263.9 | ||
= | -261.31 |
* 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.
Thank you for viewing the detailed overview of Allstate's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
John C Pintozzi | officer: SVP, Controller, and CAO | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mark Q Prindiville | other: EVP & Chief Risk Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Zulfikar Jeevanjee | other: EVP & CTO - AIC | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Judith A Sprieser | director | USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606 |
Jesse E Merten | officer: EVP & Chief Risk Officer (AIC) | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Monica J Turner | director | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Christine M. Debiase | officer: EVP, CLO, GC & Secretary | 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Suren Gupta | other: EVP Allstate Insurance Company | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Thomas J Wilson | officer: President and COO | 2775 SANDERS RD, NORTHBROOK IL 60062 |
Terrance Williams | officer: AIC-President Protec Prod&Svcs | 7184 BIDDICK, NEW ALBANY OH 43054 |
Robert Toohey | officer: EVP, Chief HR Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Glenn T Shapiro | other: Pres Allstate Personal Lines | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mario Rizzo | officer: EVP & Chief Financial Officer | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Don Civgin | officer: Vice President and CFO | ONE GBC PLAZA, NORTHBROOK IL 60062 |
Donald Eugene Brown | director | 801 E. 86TH AVENUE, MERRILLVILLE IN 46410 |
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