Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Navigators Group's accounts receivables for the quarter that ended in Mar. 2019 was $1,414 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Navigators Group's Days Sales Outstanding for the quarter that ended in Mar. 2019 was 301.18.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Navigators Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2019 was $-112.27.
Navigators Group Accounts Receivable Historical Data
The historical data trend for Navigators Group'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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Navigators Group 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.
Navigators Group's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Navigators Group's accounts receivable are only considered to be worth 75% of book value:
Navigators Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2019 is calculated as:
* 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.
Navigators Group Accounts Receivable Related Terms
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Navigators Group (Navigators Group) Business Description
Navigators Group is a property and casualty insurance company that operates multiple segments, including marine, property and casualty, and professional liabilities. Navigators splits these segments apart by region according to either United States exposure or international exposure. The vast majority of the company's revenue comes from its United States property and casualty business. Navigators distributes its products through a network of insurance brokers. The company considers merger and acquisition investment as a component of its operational growth strategy.
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