Brompton Lifeco Split (TSX:LCS) Accounts Receivable : C$0.00 Mil (As of Dec. 2023)

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What is Brompton Lifeco Split Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Brompton Lifeco Split's accounts receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Brompton Lifeco Split's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Brompton Lifeco Split's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-10.02.

Brompton Lifeco Split Accounts Receivable Historical Data

The historical data trend for Brompton Lifeco Split'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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Brompton Lifeco Split Accounts Receivable Chart

Brompton Lifeco Split Annual Data

Trend

Dec14

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Dec23

Accounts Receivable

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Brompton Lifeco Split 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															-	-	-	-	-

Brompton Lifeco Split Accounts Receivable Calculation

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

Brompton Lifeco Split 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	12.08	*	91
=	0.00

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

Brompton Lifeco Split'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)
=	(1.372	+	0.75 * 0	+	0.5 * 0	-	83.159
-	0	-	0)	/	8.15832
=	-10.02

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.

Brompton Lifeco Split Accounts Receivable Related Terms

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Brompton Lifeco Split (TSX:LCS) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Brompton Lifeco Split Corp (TSX:LCS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

LCS.PR.A.PFD:Canada

Address

181 Bay Street, Bay Wellington Tower, Suite 2930, Box 793, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Brompton Lifeco Split Corp is a mutual fund corporation based in Canada. It invests in a portfolio comprised of common shares of major publicly traded Canadian life insurance companies. The Fund's objectives in managing its capital are to provide holders of Preferred shares with fixed, cumulative, preferential quarterly cash distributions and to return the original issue price to the holders of the shares on the maturity date, the terms of which may be extended for periods of up to five years as determined by the Board of Directors, and to provide holders of Class A shares with regular monthly cash distributions targeted to be $0.075 per share and the opportunity for growth in Net Asset Value per share.

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