Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Change In Receivables : $0 Mil (TTM As of Mar. 2024)

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What is Ping An Insurance (Group) Co. of China Change In Receivables?

Ping An Insurance (Group) Co. of China's change in receivables for the quarter that ended in Mar. 2024 was $0 Mil. It means Ping An Insurance (Group) Co. of China's Accounts Receivable stayed the same from Dec. 2023 to Mar. 2024 .

Ping An Insurance (Group) Co. of China's change in receivables for the fiscal year that ended in Dec. 2023 was $-25,293 Mil. It means Ping An Insurance (Group) Co. of China's Accounts Receivable increased by $25,293 Mil from Dec. 2022 to Dec. 2023 .

Ping An Insurance (Group) Co. of China's Accounts Receivable for the quarter that ended in Mar. 2024 was $32,064 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. Ping An Insurance (Group) Co. of China's Days Sales Outstanding for the three months ended in Mar. 2024 was 96.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ping An Insurance (Group) Co. of China's liquidation value for the three months ended in Mar. 2024 was $-1,345,913 Mil.

Ping An Insurance (Group) Co. of China Change In Receivables Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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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Ping An Insurance (Group) Co. of China Change In Receivables Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-64,832.26

-72,594.62

-84,127.46

-66,555.65

-25,293.13

Ping An Insurance (Group) Co. of China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Ping An Insurance (Group) Co. of China 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Ping An Insurance (Group) Co. of China (OTCPK:PIAIF) 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.

Ping An Insurance (Group) Co. of China's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	32063.598	/	30374.366	*	91
=	96.32

2. In Ben Graham's calculation of liquidation value, Ping An Insurance (Group) Co. of China's accounts receivable are only considered to be worth 75% of book value:

Ping An Insurance (Group) Co. of China's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	121416.927	-	1491377.63	+	0.75 * 32063.598	+	0.5 * 0
=	-1,345,913

Ping An Insurance (Group) Co. of China Change In Receivables Related Terms

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Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (OTCPK:PIAIF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PNGAY:USA 02318:Hong Kong PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.