Safety Insurance Group (Safety Insurance Group) Accounts Receivable

: $382.4 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. Safety Insurance Group's accounts receivables for the quarter that ended in Dec. 2023 was $382.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Safety Insurance Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 135.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Safety Insurance Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-32.81.

Safety Insurance Group Accounts Receivable Historical Data

The historical data trend for Safety Insurance Group'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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Safety Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

327.06

298.89

279.85

298.92

382.44

Safety Insurance Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																298.92	312.48	362.84	394.98	382.44

Safety Insurance Group Accounts Receivable Calculation

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

Safety Insurance Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	382.439	/	257.978	*	91
=	135.27

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

Safety Insurance Group'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)
=	(517.62	+	0.75 * 382.439	+	0.5 * 0	-	1289.737
-	0	-	0)	/	14.7919
=	-32.81

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.

Safety Insurance Group Accounts Receivable Related Terms

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Safety Insurance Group (Safety Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SFN:Germany

Address

20 Custom House Street, Boston, MA, USA, 02110

Website

http://www.safetyinsurance.com

Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.

Executives

Glenn Hiltpold	officer: VP of Actuarial Services	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Brophy Charles Joseph Iii	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Dennis J. Langwell	director	C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116
Srb Corp	10 percent owner	695 ATLANTIC AVENUE, BOSTON MA 02111
Peter J Manning	director	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Christopher Thomas Whitford	officer: VP, CFO and Secretary	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga	officer: VP - MIS	20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry	officer: VP - Insurance Operations	C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Farina John Daniel Jr.	director	20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Frederic H Lindeberg	director	C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown	officer: V.P Insurance Operations	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey	director	DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
David E Krupa	officer: VP - Property Claims
David D Mckown	director