Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FedNat Holding Co's accounts receivables for the quarter that ended in Mar. 2022 was $615.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
FedNat Holding Co's Days Sales Outstanding for the quarter that ended in Mar. 2022 was 1,328.75.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FedNat Holding Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2022 was $-21.06.
FedNat Holding Co Accounts Receivable Historical Data
The historical data trend for FedNat Holding 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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
FedNat Holding 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.
FedNat Holding Co's Days Sales Outstanding for the quarter that ended in Mar. 2022 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FedNat Holding Co's accounts receivable are only considered to be worth 75% of book value:
FedNat Holding Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2022 is calculated as:
* 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.
FedNat Holding Co Accounts Receivable Related Terms
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FedNat Holding Co (FedNat Holding Co) Business Description
FedNat Holding Co is a provider of property and liability insurance products in the United States. It offers underwriting services to homeowner's multi-peril, personal automobile, commercial general liability, federal flood, and other lines of insurance. The company markets and distributes its own and third-party insurers' products, and other services through a network of independent and general agents. The segments of the company are Homeowners, Automobile and Other, of which a majority of the revenue is derived from the Homeowners segment. The Homeowners line of business consists of the homeowners and fire property and casualty insurance business.
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