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Dubai Insurance Co PSC (DFM:DIN) Accounts Receivable : د.إ0.0 Mil (As of Dec. 2023)


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What is Dubai Insurance Co PSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Dubai Insurance Co PSC's accounts receivables for the quarter that ended in Dec. 2023 was د.إ0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Dubai Insurance Co PSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was د.إ-8.94.


Dubai Insurance Co PSC Accounts Receivable Historical Data

The historical data trend for Dubai Insurance Co PSC'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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Dubai Insurance Co PSC Accounts Receivable Chart

Dubai Insurance Co PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 202.74 179.24 267.33 364.35 -

Dubai Insurance Co PSC 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 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 364.35 - - - -

Dubai Insurance Co PSC Accounts Receivable Calculation

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


Dubai Insurance Co PSC 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.

Dubai Insurance Co PSC's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/-181.907*91
=

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

Dubai Insurance Co PSC'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)
=(1145.933+0.75 * 0+0.5 * 0-2039.507
-0-0)/100
=-8.94

* 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.


Dubai Insurance Co PSC Accounts Receivable Related Terms

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Dubai Insurance Co PSC (DFM:DIN) Business Description

Traded in Other Exchanges
N/A
Address
Al Riqqa Road, Deira, P.O. Box 3027, Dubai, ARE
Dubai Insurance Co PSC is an insurance company. It issues short-term insurance contracts in connection with general insurance including motor, marine, fire, engineering, accident; and life insurance includes group life and individual life. It operates in three segments, Medical and life insurance segment offers short-term group life insurance and medical. The Non-life insurance segment comprises general and health insurance. Products offered under general insurance include motor, marine, fire, engineering, general accident, and medical. Non-life health contracts provide medical cover. The investment segment includes investment in equity, fixed income securities such as bonds and fixed deposits.