China Life Insurance Co (China Life Insurance Co) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is China Life Insurance Co Change In Receivables?

China Life Insurance Co's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means China Life Insurance Co's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

China Life Insurance Co's change in receivables for the fiscal year that ended in Dec. 2023 was $496 Mil. It means China Life Insurance Co's Accounts Receivable declined by $496 Mil from Dec. 2022 to Dec. 2023 .

China Life Insurance Co's Accounts Receivable for the quarter that ended in Dec. 2023 was $4,131 Mil.

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 Receivable are being managed. China Life Insurance Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 21.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Life Insurance Co's liquidation value for the three months ended in Dec. 2023 was $-417,874 Mil.

China Life Insurance Co Change In Receivables Historical Data

The historical data trend for China Life Insurance Co's Change In Receivables 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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China Life Insurance Co Change In Receivables Chart

China Life Insurance Co Annual Data

Trend

Dec14

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Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,228.31

-237.18

569.45

1,501.21

495.64

China Life Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

China Life Insurance Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

China Life Insurance Co (OTCPK:LFCHY) Change In Receivables 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 Receivable are being managed.

China Life Insurance Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4130.697	/	17766.869	*	91
=	21.22

2. In Ben Graham's calculation of liquidation value, China Life Insurance Co's accounts receivable are only considered to be worth 75% of book value:

China Life Insurance Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	337891.516	-	758863.477	+	0.75 * 4130.697	+	0.5 * 0
=	-417,874

China Life Insurance Co Change In Receivables Related Terms

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China Life Insurance Co (China Life Insurance Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » China Life Insurance Co Ltd (OTCPK:LFCHY) » Definitions » Change In Receivables

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Traded in Other Exchanges

CILJF:USA 02628:Hong Kong CHL:Germany 601628:China

Address

No. 16, Financial Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.e-chinalife.com

With headquarters in Beijing and commanding about 20% market share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.