Kansas City Life Insurance Co (Kansas City Life Insurance Co) Accounts Receivable : $409.2 Mil (As of Dec. 2023)

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What is Kansas City Life Insurance Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Kansas City Life Insurance Co's accounts receivables for the quarter that ended in Dec. 2023 was $409.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Kansas City Life Insurance Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 305.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Kansas City Life Insurance Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-397.59.

Kansas City Life Insurance Co Accounts Receivable Historical Data

The historical data trend for Kansas City Life 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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Kansas City Life Insurance Co Accounts Receivable Chart

Kansas City Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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378.77

391.44

399.95

402.32

409.21

Kansas City Life Insurance Co 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															402.32	393.63	407.11	403.33	409.21

Kansas City Life Insurance Co Accounts Receivable Calculation

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

Kansas City Life 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	409.213	/	122.412	*	91
=	305.04

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

Kansas City Life Insurance Co'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)
=	(286.908	+	0.75 * 409.213	+	0.5 * 0	-	4443.805
-	0	-	0)	/	9.68341
=	-397.59

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.

Kansas City Life Insurance Co Accounts Receivable Related Terms

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Kansas City Life Insurance Co (Kansas City Life Insurance Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kansas City Life Insurance Co (OTCPK:KCLI) » Definitions » Accounts Receivable

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Address

3520 Broadway, Kansas, MO, USA, 64111-2565

Website

http://www.kclife.com

Kansas City Life Insurance Co is a Missouri-domiciled insurance company providing individual life, annuity, and group products through general agencies located throughout the United States. The company operates its business in three segments; The Individual Insurance segment consists of individual insurance products for Kansas City Life, Grange Life, and the assumed reinsurance transactions, The Group Insurance segment consists of sales of group life, dental, vision, disability, accident, and critical illness products, and The Old American segment consists of individual insurance products designed largely as final expense products, out of which the Individual insurance segment derives the maximum revenue.