Primerica (Primerica) Accounts Receivable

: $3,289 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Primerica's accounts receivables for the quarter that ended in Dec. 2023 was $3,289 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Primerica's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 413.18.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Primerica's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-253.69.

Primerica Accounts Receivable Historical Data

The historical data trend for Primerica'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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Primerica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

4,396.92

4,533.35

4,526.09

3,463.82

3,288.84

Primerica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																3,463.82	3,438.83	3,353.89	3,241.38	3,288.84

Primerica Accounts Receivable Calculation

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

Primerica 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.

Primerica's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3288.843	/	726.338	*	91
=	413.18

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

Primerica's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(1617.119	+	0.75 * 3288.843	+	0.5 * 0	-	12961.765
-	0	-	0)	/	34.9956
=	-253.69

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.

Primerica Accounts Receivable Related Terms

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Primerica (Primerica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Primerica Inc (NYSE:PRI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

PI7:Germany

Address

1 Primerica Parkway, Duluth, GA, USA, 30099

Website

https://www.primerica.com

Primerica Inc is a provider of financial services to middle-income households in the United States and Canada. The company offers life insurance, mutual funds, annuities, and other financial products, distributed primarily on behalf of third parties. Primerica has three main subsidiaries: Primerica Financial Services, a marketing company; Primerica Life Insurance Company, a principal life insurance underwriting entity; and PFS Investments, which offers investment and savings products, brokerage services, and registered investment advisory. It has four segments Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products. Geogriphically, it derives a majority of its revenue from the US.

Executives

Alison S. Rand	officer: Executive VP and CFO	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Glenn J. Williams	officer: President	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Tracy Xiangyan Tan	officer: Executive VP, Finance	5168 LONG ISLAND DR NW, ATLANTA GA 30327
Peter W. Schneider	officer: Exec. VP and General Counsel	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Addison John A. Jr.	director, officer: Co-Chief Executive Officer	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Gregory C. Pitts	officer: Executive VP and COO	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
P George Benson	director	NUTRITION 21, INC., 4 MANHATTANVILLE ROAD, PURCHASE NY 10577
Amber Lynne Cottle	director	3921 MILITARY ROAD NW, WASHINGTON DC 20015
Joel M. Babbit	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Sanjeev Dheer	director	22 MURRAY HILL ROAD, SCARSDALE NY 10583
Barbara A. Yastine	director	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
William A. Kelly	officer: President of Subsidiary	3120 BRECKINRIDGE BLVD., DULUTH GA 30099
Robert F Mccullough	director	1170 PEACHTREE STREET, NE, SUITE 2300, ATLANTA GA 300309
C Saxby Chambliss	director	ONE ATLANTIC CENTER, 1201 WEST PEACHTREE STREET, SUITE 2800, ATLANTA GA 30309
Jeffrey S. Fendler	officer: President of Subsidiary	3120 BRECKINRIDGE BLVD., DULUTH GA 30099