Insignia Financial (Insignia Financial) Accounts Receivable : $183 Mil (As of Dec. 2023)

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What is Insignia Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Insignia Financial's accounts receivables for the quarter that ended in Dec. 2023 was $183 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Insignia Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.06.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Insignia Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.61.

Insignia Financial Accounts Receivable Historical Data

The historical data trend for Insignia Financial'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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Insignia Financial Accounts Receivable Chart

Insignia Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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33.50

54.39

114.99

Insignia Financial Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															488.41	-	223.89	-	183.33

Insignia Financial Accounts Receivable Calculation

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

Insignia Financial 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.

Insignia Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	183.333	/	630.589	*	91
=	53.06

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

Insignia Financial'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)
=	(499.063	+	0.75 * 183.333	+	0.5 * 0	-	1041.499
-	0	-	-0.335)	/	664.3
=	-0.61

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.

Insignia Financial Accounts Receivable Related Terms

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Insignia Financial (Insignia Financial) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Insignia Financial Ltd (OTCPK:IOOFF) » Definitions » Accounts Receivable

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IFL:Australia

Address

800 Bourke Street, Level 1, Docklands, VIC, AUS, 3008

Website

https://www.ioof.com.au

Insignia Financial (formerly IOOF) provides wealth-management advice and products via a multibranded strategy, and a vertically integrated business model. Insignia's advice business provides financial planning services to both the mass affluent and high-net-worth clients. It also owns finance dealer groups that provide compliance and other administrative services to financial planners operating under the dealer group's licence. Furthermore, Insignia offers platform products, which generates fees mainly from superannuation and non-superannuation investments accessed via its own platforms. It also derives revenue via some third-party platforms sourced from its aligned advisors. Lastly, the firm has an investment management segment.