Banco De Chile (Banco De Chile) Accounts Receivable : $114 Mil (As of Dec. 2023)

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What is Banco De Chile Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Banco De Chile's accounts receivables for the quarter that ended in Dec. 2023 was $114 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Banco De Chile's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 10.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Banco De Chile's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-97.26.

Banco De Chile Accounts Receivable Historical Data

The historical data trend for Banco De Chile'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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Banco De Chile Accounts Receivable Chart

Banco De Chile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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110.30

151.80

113.89

Banco De Chile Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															151.80	268.67	529.98	190.01	113.89

Banco De Chile Accounts Receivable Calculation

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

Banco De Chile 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	113.885	/	978.799	*	91
=	10.62

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

Banco De Chile'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)
=	(7650.598	+	0.75 * 113.885	+	0.5 * 0	-	56860.182
-	0	-	0.002)	/	505.085
=	-97.26

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.

Banco De Chile Accounts Receivable Related Terms

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Banco De Chile (Banco De Chile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco De Chile (NYSE:BCH) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

G4RA:Germany CHILE:Chile

Address

Paseo Ahumada 251, Santiago, CHL

Website

https://www.bancochile.cl

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.