Swiss Re AG (Swiss Re AG) Accounts Receivable : $25,181 Mil (As of Dec. 2023)

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What is Swiss Re AG Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Swiss Re AG's accounts receivables for the quarter that ended in Dec. 2023 was $25,181 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Swiss Re AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 179.36.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Swiss Re AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-48.35.

Swiss Re AG Accounts Receivable Historical Data

The historical data trend for Swiss Re AG'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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Swiss Re AG Accounts Receivable Chart

Swiss Re AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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21,169.00

21,826.00

23,357.00

24,652.00

25,181.00

Swiss Re AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															23,357.00	26,201.00	24,652.00	28,491.00	25,181.00

Swiss Re AG Accounts Receivable Calculation

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

Swiss Re AG 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	25181	/	25622	*	91
=	179.36

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

Swiss Re AG'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)
=	(88382	+	0.75 * 25181	+	0.5 * 0	-	163205
-	0	-	225)	/	1161.62
=	-48.35

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.

Swiss Re AG Accounts Receivable Related Terms

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Swiss Re AG (Swiss Re AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Re AG (OTCPK:SSREY) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

SSREF:USA SREN:Mexico SRENz:UK SR9A:Germany SREN:Switzerland

Address

Mythenquai 50/60, Zurich, CHE, 8022

Website

https://www.swissre.com

Swiss Re is a reinsurer that has three core divisions: property and casualty reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market cap, has 80 offices globally, and employs nearly 15,000 people. While the business did lose its way in the early part of the millennium, led by an ex-investment banker who took the business heavily into securitizations, lately Swiss Re has been focused on establishing quality within its three core divisions.

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