American Financial Group (American Financial Group) Accounts Receivable : $5,948 Mil (As of Dec. 2023)

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What is American Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Financial Group's accounts receivables for the quarter that ended in Dec. 2023 was $5,948 Mil.

Accounts receivable can be measured by Days Sales Outstanding. American Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 260.19.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Financial Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-231.03.

American Financial Group Accounts Receivable Historical Data

The historical data trend for American 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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American Financial Group Accounts Receivable Chart

American Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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4,750.00

4,517.00

4,784.00

5,316.00

5,948.00

American 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															5,316.00	5,297.00	5,648.00	6,509.00	5,948.00

American Financial Group Accounts Receivable Calculation

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

American 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.

American 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
=	5948	/	2086	*	91
=	260.19

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

American 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)
=	(1746	+	0.75 * 5948	+	0.5 * 0	-	25529
-	0	-	0)	/	83.6358
=	-231.03

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.

American Financial Group Accounts Receivable Related Terms

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American Financial Group (American Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Financial Group Inc (NYSE:AFG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

QFI:Germany

Address

301 East Fourth Street, Cincinnati, OH, USA, 45202

Website

https://www.afginc.com

American Financial Group Inc is a holding company that is engaged primarily in property and casualty insurance services. The company has a focus on specialized commercial products for businesses. American also has annuity operations that are focused on sales of traditional fixed and fixed-indexed annuities in the education, bank, and individual markets. American's insurance operations are conducted through the Great American Insurance Group. The group writes business in all 50 of the United States, primarily through independent agents and brokers.

Executives

Amy Y Murray	director	3429 ARNOLD STREET, CINCINNATI OH 45202
William W Verity	director	301 EAST FOURTH STREET, CINCINNATI OH 45202
Terry S Jacobs	director	301 EAST FOURTH STREET, CINCINNATI OH 45202
Von Lehman John I	director	301 EAST FOURTH STREET, 38TH FLOOR, CINCINNATI OH 45202
John B Berding	director	301 E. FOURTH ST., 27TH FLOOR, CINCINNATI OH 45202
Mark A Weiss	officer: Senior VP & General Counsel	301 EAST FOURTH STREET, CINCINNATI OH 45202
Michelle A Gillis	officer: Sr. Vice President	301 E. FOURTH STREET, 39TH FLOOR, CINCINNATI OH 45202
Brian S. Hertzman	other: principal financial officer	301 EAST FOURTH STREET, CINCINNATI OH 45202
Thompson David Lawrence Jr	officer: President of Subsidiary	301 EAST FOURTH STREET, CINCINNATI OH 45202
James E Evans	director, officer: Sr. V. Pres. & Gen. Counsel	301 E FOURTH STREET, CINCINNATI OH 45202
Lindner Carl H Iii	director, officer: Co-President	14TH FLOOR PROVIDENT TOWER, ONE EAST FOURTH STREET, CINCINNATI OH 45202
S Craig Lindner	director, officer: Co-President	ONE EAST FOURTH STREET, CINCINNATI OH 45202
Vito C Peraino	officer: Sr. VP & General Counsel	301 EAST FOURTH STREET, CINCINNATI OH 45202
Evans N Nwankwo	director	301 EAST FOURTH STREET, 38TH FLOOR, CINCINNATI OH 45202
Kenneth C Ambrecht	director	250 EAST FIFTH STREET, CINCINNATI OH 45202