Fidelity National Financial (Fidelity National Financial) Accounts Receivable

: $9,419 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. Fidelity National Financial's accounts receivables for the quarter that ended in Dec. 2023 was $9,419 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Fidelity National Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 254.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Fidelity National Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-146.70.

Fidelity National Financial Accounts Receivable Historical Data

The historical data trend for Fidelity National 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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Fidelity National Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

346.00

3,648.00

4,295.00

5,885.00

9,419.00

Fidelity National Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																5,885.00	6,790.00	7,542.00	7,905.00	9,419.00

Fidelity National Financial Accounts Receivable Calculation

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

Fidelity National 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.

Fidelity National 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
=	9419	/	3372	*	91
=	254.89

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

Fidelity National 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)
=	(26557	+	0.75 * 9419	+	0.5 * 0	-	73154
-	0	-	552)	/	273.251
=	-146.70

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.

Fidelity National Financial Accounts Receivable Related Terms

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Fidelity National Financial (Fidelity National Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fidelity National Financial Inc (NYSE:FNF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

F1EF:Germany

Address

601 Riverside Avenue, Jacksonville, FL, USA, 32204

Website

https://www.fnf.com

Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives majority revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.

Executives

Daniel D Lane	director	14 CORPORATE PLZ, SUITE 150, NEWPORT BEACH CA 92660
Halim Dhanidina	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael Joseph Nolan	officer: President	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Shea Peter O Jr	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Peter T Sadowski	officer: EVP, Chief Legal Officer	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas M Hagerty	director	C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35 FLOOR, BOSTON MA 02110
Sandra Douglass Morgan	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Raymond R Quirk	director, officer: Chief Executive Officer	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Cary H Thompson	director	1999 AVE OF THE STARS, 32ND FL, LOS ANGELES CA 90067
Roger S Jewkes	officer: Chief Operating Officer	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Anthony Park	officer: EVP & Chief Financial Officer	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Michael L Gravelle	officer: Executive Vice President	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Douglas K Ammerman	director	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii	director	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
John D Rood	director	3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257