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Custodian Investment (NSA:CUSTODIAN) Accounts Receivable : ₦3,264 Mil (As of Sep. 2023)


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What is Custodian Investment Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Custodian Investment's accounts receivables for the quarter that ended in Sep. 2023 was ₦3,264 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Custodian Investment's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 12.43.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Custodian Investment's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was ₦-23.30.


Custodian Investment Accounts Receivable Historical Data

The historical data trend for Custodian Investment'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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Custodian Investment Accounts Receivable Chart

Custodian Investment 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 1,552.09 1,462.92 2,392.59 1,912.47 2,504.75

Custodian Investment Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 3,512.04 2,504.75 3,147.03 6,669.25 3,264.42

Custodian Investment Accounts Receivable Calculation

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


Custodian Investment 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.

Custodian Investment's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3264.421/23958.437*91
=12.43

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

Custodian Investment's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(44962.186+0.75 * 3264.421+0.5 * 0-174831.832
-0-9622.951)/5881.87
=-23.30

* 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.


Custodian Investment Accounts Receivable Related Terms

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Custodian Investment (NSA:CUSTODIAN) Business Description

Traded in Other Exchanges
N/A
Address
16A, Commercial Avenue, Custodian House, P.O. Box 2101, Sabo, Yaba, Lagos, NGA
Custodian Investment PLC is an investment holding company in Nigeria. It operates in five segments. In the Non-life business segment, it offers insurance products like engineering, aviation, marine liability, motor liability, oil and energy, fire, and property for personal and corporate customers. In the Life business segment, it offers life insurance products including annuity, endowment, and investment-oriented products. The pension administration segment includes the administration and management of the retirement benefits of members. Trustees and others segment includes trustee management and corporate services. A vast majority of revenues is received from the non-life business segment within Nigeria.

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