MetLife (MetLife) Accounts Receivable

: $28,971 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. MetLife's accounts receivables for the quarter that ended in Dec. 2023 was $28,971 Mil.

Accounts receivable can be measured by Days Sales Outstanding. MetLife's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 138.93.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. MetLife's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-448.46.

MetLife Accounts Receivable Historical Data

The historical data trend for MetLife'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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MetLife Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

20,443.00

17,870.00

17,149.00

17,364.00

28,971.00

MetLife Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																17,364.00	18,692.00	18,530.00	19,002.00	28,971.00

MetLife Accounts Receivable Calculation

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

MetLife 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	28971	/	19028	*	91
=	138.93

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

MetLife'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)
=	(308096	+	0.75 * 28971	+	0.5 * 0	-	657331
-	0	-	238)	/	730.821
=	-448.46

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.

MetLife Accounts Receivable Related Terms

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MetLife (MetLife) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MetLife Inc (NYSE:MET) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

METpF.PFD:USA METpE.PFD:USA METpA.PFD:USA MET:Mexico MWZ:Germany MWZ:Germany METB34:Brazil

Address

200 Park Avenue, New York, NY, USA, 10166-0188

Website

https://www.metlife.com

MetLife is one of the largest life insurers in the U.S. by assets and provides a variety of insurance and financial services products. The company is organized into five segments: U.S., Asia, Latin America, EMEA, and MetLife Holdings. The U.S. business contributes around 41% of earnings and is broken into the group benefits segment and the retirement solutions segment. The Asia segment contributes around 28% of earnings and is mainly composed of the Japan business with increasing contributions from India, China, and Bangladesh. The company also holds leading market positions in Mexico and Chile with the Latin America segment contributing around 6% of earnings. The EMEA and the MetLife segments contribute around 5% and 20% of earnings, respectively.

Executives

Marlene Debel	officer: EVP & Chief Risk Officer	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Jeh C. Johnson	director	77 BEALE ST., P.O. BOX 770000, SAN FRANCISCO CA 94177
Bill Pappas	officer: EVP, Global Tech. & Ops.	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Robert Glenn Hubbard	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Susan M Podlogar	officer: EVP & Chief HR Officer	200 PARK AVENUE, NEW YORK NY 10166
Steven J Goulart	officer: EVP & Chief Investment Officer	200 PARK AVENUE, NEW YORK NY 10166
Michel Khalaf	director, officer: President & CEO	200 PARK AVENUE, NEW YORK NY 10166
Carla A Harris	director	702 SW 8TH STREET, BENTONVILLE AR 72716
William E Kennard	director	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
Catherine R Kinney	director	C/O QTS REALTY TRUST INC., 12851 FOSTER STREET, OVERLAND PARK KS 66213
Cheryl W Grise	director	NORTHEAST UTILITIES, 107 SELDEN STREET, BERLIN CT 06037
Gerald L Hassell	director
Mark A Weinberger	director	METLIFE, INC., 200 PARK AVENUE, NEW YORK NY 10166
David L Herzog	director	180 MAIDEN LANE, NEW YORK NY 10038
Denise M Morrison	director	METLIFE, 200 PARK AVENUE, NEW YORK NY 10166