What is Global Indemnity Group LLC Accounts Receivable?
Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Global Indemnity Group LLC's accounts receivables for the quarter that ended in Dec. 2023 was $182.6 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Global Indemnity Group LLC's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 152.50.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Global Indemnity Group LLC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $28.30.
Global Indemnity Group LLC Accounts Receivable Historical Data
* 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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Global Indemnity Group LLC Accounts Receivable Chart
Global Indemnity Group LLC Accounts Receivable Calculation
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
Global Indemnity Group LLC 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.
Global Indemnity Group LLC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Global Indemnity Group LLC's accounts receivable are only considered to be worth 75% of book value:
Global Indemnity Group LLC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Global Indemnity Group LLC Accounts Receivable Related Terms
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Global Indemnity Group LLC (Global Indemnity Group LLC) Business Description
Global Indemnity Group LLC provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. The company's three primary segments are Commercial Specialty, Reinsurance operations, and Exited Lines. The majority of its revenue is from the Commercial Specialty segment. Geographically, the majority is from California.
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