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Nam Seng Insurance PCL (BKK:NSI) Accounts Receivable : ฿362 Mil (As of Dec. 2022)


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What is Nam Seng Insurance PCL Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nam Seng Insurance PCL's accounts receivables for the quarter that ended in Dec. 2022 was ฿362 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nam Seng Insurance PCL's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 50.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nam Seng Insurance PCL's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ฿-76.24.


Nam Seng Insurance PCL Accounts Receivable Historical Data

The historical data trend for Nam Seng Insurance PCL'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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Nam Seng Insurance PCL Accounts Receivable Chart

Nam Seng Insurance PCL Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 409.82 402.43 329.51 297.60 362.17

Nam Seng Insurance PCL Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 297.60 393.25 352.72 365.86 362.17

Nam Seng Insurance PCL Accounts Receivable Calculation

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


Nam Seng Insurance PCL 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.

Nam Seng Insurance PCL's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=362.173/653.777*91
=50.55

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

Nam Seng Insurance PCL's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=(2227.731+0.75 * 362.173+0.5 * 0-3559.028
-0-0)/13.9
=-76.24

* 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.


Nam Seng Insurance PCL Accounts Receivable Related Terms

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Nam Seng Insurance PCL (BKK:NSI) Business Description

Traded in Other Exchanges
N/A
Address
No. 767 Krungthep-Nonthaburi Road, Bangsue Sub-district, Bangsue District, Bangkok, THA, 10800
Nam Seng Insurance PCL is principally engaged in the provision of non-life insurance. The company provides fire insurance, Motor insurance, Marine and transportation insurance, Miscellaneous Insurance, and Personal accident insurance. The business company operates in two segments that include the Motor Insurance segment; and Other Insurance segment. It derives a majority of its revenue from the Motor Insurance segment.

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