Custodian Investment (NSA:CUSTODIAN) Change In Receivables : ₦-698 Mil (TTM As of Sep. 2023)

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What is Custodian Investment Change In Receivables?

Custodian Investment's change in receivables for the quarter that ended in Sep. 2023 was ₦2,973 Mil. It means Custodian Investment's Accounts Receivable declined by ₦2,973 Mil from Jun. 2023 to Sep. 2023 .

Custodian Investment's change in receivables for the fiscal year that ended in Dec. 2022 was ₦-1,303 Mil. It means Custodian Investment's Accounts Receivable increased by ₦1,303 Mil from Dec. 2021 to Dec. 2022 .

Custodian Investment's Accounts Receivable for the quarter that ended in Sep. 2023 was ₦3,264 Mil.

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 Receivable are being managed. Custodian Investment's Days Sales Outstanding for the three months ended in Sep. 2023 was 12.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Custodian Investment's liquidation value for the three months ended in Sep. 2023 was ₦-127,421 Mil.

Custodian Investment Change In Receivables Historical Data

The historical data trend for Custodian Investment's Change In Receivables 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 Change In Receivables Chart

Custodian Investment Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-810.74

47.75

-4,736.33

1,266.00

-1,302.94

Custodian Investment Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															1,231.76	188.36	-575.16	-3,284.83	2,973.49

Custodian Investment Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦-698 Mil.

Custodian Investment (NSA:CUSTODIAN) Change In Receivables 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 Receivable 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 liquidation value, Custodian Investment's accounts receivable are only considered to be worth 75% of book value:

Custodian Investment's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	44962.186	-	174831.832	+	0.75 * 3264.421	+	0.5 * 0
=	-127,421

Custodian Investment Change In Receivables Related Terms

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Custodian Investment (NSA:CUSTODIAN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Custodian Investment PLC (NSA:CUSTODIAN) » Definitions » Change In Receivables

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Address

16A, Commercial Avenue, Custodian House, P.O. Box 2101, Sabo, Yaba, Lagos, NGA

Website

https://www.custodianplc.com.ng

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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