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Grupo Financiero Galicia (Grupo Financiero Galicia) Accounts Receivable : $0 Mil (As of Sep. 2023)


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What is Grupo Financiero Galicia Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Grupo Financiero Galicia's accounts receivables for the quarter that ended in Sep. 2023 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Grupo Financiero Galicia's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Grupo Financiero Galicia's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-82.68.


Grupo Financiero Galicia Accounts Receivable Historical Data

The historical data trend for Grupo Financiero Galicia'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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Grupo Financiero Galicia Accounts Receivable Chart

Grupo Financiero Galicia Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Grupo Financiero Galicia Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Grupo Financiero Galicia Accounts Receivable Calculation

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


Grupo Financiero Galicia 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.

Grupo Financiero Galicia's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1625.635*91
=0.00

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

Grupo Financiero Galicia'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)
=(2115.282+0.75 * 0+0.5 * 0-14308.669
-0-0)/147.469
=-82.68

* 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.


Grupo Financiero Galicia Accounts Receivable Related Terms

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Grupo Financiero Galicia (Grupo Financiero Galicia) Business Description

Traded in Other Exchanges
Address
Tte. Gral. Juan D. Peron 430, 25th Floor, Buenos Aires, ARG, C1038 AAJ
Grupo Financiero Galicia SA is a financial service holding company. It provides general banking services, proprietary brand credit card services, personal loans, insurance, and other services. The company's operating business segments are Banks, Ecosistema Naranja X, Insurance, Adjustments, and Other Businesses. It generates maximum revenue from Banks. Geographically its operate in Argentina, Uruguay, and the majority of its revenue comes from Argentina.

Grupo Financiero Galicia (Grupo Financiero Galicia) Headlines

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