COL Financial Group (PHS:COL) Accounts Receivable : ₱880 Mil (As of Dec. 2023)

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What is COL Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. COL Financial Group's accounts receivables for the quarter that ended in Dec. 2023 was ₱880 Mil.

Accounts receivable can be measured by Days Sales Outstanding. COL Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 304.88.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. COL Financial Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was ₱0.13.

COL Financial Group Accounts Receivable Historical Data

The historical data trend for COL Financial Group'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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COL Financial Group Accounts Receivable Chart

COL Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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864.27

1,129.93

958.82

1,191.97

880.01

COL Financial Group 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															1,191.97	1,206.96	940.68	920.44	880.01

COL Financial Group Accounts Receivable Calculation

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

COL Financial Group 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.

COL Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	880.005	/	263.387	*	91
=	304.88

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

COL Financial Group'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)
=	(10122.319	+	0.75 * 880.005	+	0.5 * 0	-	10129.82
-	0	-	19.992)	/	4760
=	0.13

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.

COL Financial Group Accounts Receivable Related Terms

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COL Financial Group (PHS:COL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » COL Financial Group Inc (PHS:COL) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Exchange Road, Unit 2401-B East Tower, Philippine Stock Exchange Centre, Ortigas Center, Pasig, RIZ, PHL, 1605

Website

https://www.colfinancial.com

COL Financial Group Inc together with its subsidiary provides online financial services in the Philippines. Its proprietary online trading platform, provides real-time market information and execution, investing tools and functionalities, and stock market research and analysis. The company is also involved in the provision of financial advisory services; and gathering and distribution of financial and investment information and statistics, as well as acts as a financial, commercial, or business representative. Its operating segment being stock brokerage services and others. The company generates maximum revenue from stock brokerage services segment. Geographically, it derives a majority of revenue from the Philippines.