Central Insurance Co (DHA:CENTRALINS) Accounts Receivable

: BDT293.8 Mil (As of Sep. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Central Insurance Co's accounts receivables for the quarter that ended in Sep. 2023 was BDT293.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Central Insurance Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 240.23.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Central Insurance Co's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was BDT-2.59.

Central Insurance Co Accounts Receivable Historical Data

The historical data trend for Central Insurance Co'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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Central Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

176.78

189.73

204.94

244.51

284.14

Central Insurance Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable																303.10	284.14	289.71	287.14	293.78

Central Insurance Co Accounts Receivable Calculation

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

Central Insurance Co 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.

Central Insurance Co's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	293.781	/	111.59	*	91
=	240.23

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

Central Insurance Co'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)
=	(772.527	+	0.75 * 293.781	+	0.5 * 0.522	-	1131.134
-	0	-	0)	/	53.234
=	-2.59

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.

Central Insurance Co Accounts Receivable Related Terms

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Central Insurance Co (DHA:CENTRALINS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Central Insurance Co Ltd (DHA:CENTRALINS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Insurance Bhaban, No. 7-8, Motijheel C/A, 3rd, 4t Floor, Dhaka, BGD, 1000

Website

https://www.cicl-bd.com

Central Insurance Co Ltd is engaged in the business of providing property and casualty insurance products and services in Bangladesh. The products of the company are Fire, Marine Cargo, Marine Hull, Engineering, Overseas Mediclaim and holiday, Motor, Various Liability, Aviation Hull, and liability and Miscellaneous Insurances.

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