Enterprise Group (XGHA:EGL) Accounts Receivable

: GHS80 Mil (As of Dec. 2022)

View and export this data going back to 1992. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Enterprise Group's accounts receivables for the quarter that ended in Dec. 2022 was GHS80 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Enterprise Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 11.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Enterprise Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was GHS-7.64.

Enterprise Group Accounts Receivable Historical Data

The historical data trend for Enterprise 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.

* Premium members only.

Enterprise Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

15.56

30.39

38.03

71.95

80.45

Enterprise Group Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Accounts Receivable										15.56	30.39	38.03	71.95	80.45

Enterprise Group Accounts Receivable Calculation

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

Enterprise 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.

Enterprise Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	80.451	/	1286.355	*	91
=	11.41

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

Enterprise Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(252.046	+	0.75 * 80.451	+	0.5 * 1.477	-	1390.663
-	0	-	227.9)	/	170.893
=	-7.64

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.

Enterprise Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Enterprise Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Enterprise Group (XGHA:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enterprise Group Ltd (XGHA:EGL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150

Website

https://www.myenterprisegroup.io

Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The group is organized into six operating segments. These segments are Non-life insurance business; Life assurance business; Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Life assurance business.

Enterprise Group (XGHA:EGL) Headlines

No Headlines