Insurance Australia Group (Insurance Australia Group) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Insurance Australia Group Change In Receivables?

Insurance Australia Group's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Insurance Australia Group's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Insurance Australia Group's change in receivables for the fiscal year that ended in Jun. 2023 was $0 Mil. It means Insurance Australia Group's Accounts Receivable stayed the same from Jun. 2022 to Jun. 2023 .

Insurance Australia Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $177 Mil.

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 Receivable are being managed. Insurance Australia Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 6.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Insurance Australia Group's liquidation value for the six months ended in Dec. 2023 was $-11,482 Mil.

Insurance Australia Group Change In Receivables Historical Data

The historical data trend for Insurance Australia Group's Change In Receivables 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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Insurance Australia Group Change In Receivables Chart

Insurance Australia Group Annual Data

Trend

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Change In Receivables

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Insurance Australia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Insurance Australia Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Insurance Australia Group (OTCPK:IAUGY) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	176.707	/	4704.819	*	91
=	6.85

2. In Ben Graham's calculation of liquidation value, Insurance Australia Group's accounts receivable are only considered to be worth 75% of book value:

Insurance Australia Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	381.526	-	11995.984	+	0.75 * 176.707	+	0.5 * 0
=	-11,482

Insurance Australia Group Change In Receivables Related Terms

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Insurance Australia Group (Insurance Australia Group) Business Description

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IAUGF:USA NRM:Germany IAGPD.PFD:Australia IAG:Australia

Address

Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000

Website

https://www.iag.com.au

Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.