Caixa Seguridade Participacoes (BSP:CXSE3) Accounts Receivable : R$134 Mil (As of Mar. 2024)

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What is Caixa Seguridade Participacoes Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Caixa Seguridade Participacoes's accounts receivables for the quarter that ended in Mar. 2024 was R$134 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Caixa Seguridade Participacoes's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Caixa Seguridade Participacoes's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was R$-0.45.

Caixa Seguridade Participacoes Accounts Receivable Historical Data

The historical data trend for Caixa Seguridade Participacoes'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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Caixa Seguridade Participacoes Accounts Receivable Chart

Caixa Seguridade Participacoes Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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95.37

105.87

166.37

107.00

153.81

Caixa Seguridade Participacoes Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial														102.91	140.78	126.66	153.81	133.69

Caixa Seguridade Participacoes Accounts Receivable Calculation

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

Caixa Seguridade Participacoes 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.

Caixa Seguridade Participacoes's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	133.692	/	543.093	*	91
=	22.46

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

Caixa Seguridade Participacoes's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(0.243	+	0.75 * 133.692	+	0.5 * 0	-	1435.759
-	0	-	0)	/	3000
=	-0.45

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.

Caixa Seguridade Participacoes Accounts Receivable Related Terms

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Caixa Seguridade Participacoes (BSP:CXSE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Caixa Seguridade Participacoes SA (BSP:CXSE3) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Quadra 3, Bloco E, Edifício CAIXA Matriz II, 3rd floor, Brasilia, DF, BRA

Website

https://www.ri.caixaseguridade.com.br/

Caixa Seguridade Participacoes SA is engaged in the structuring and marketing of a broad range of insurance products, private pension plans, and premium bonds, management, marketing, and offering of private medical and dental care plans, rendering of brokerage services for these products, It has three operating segments; Run-off / Open sea (insurance businesses), Insurance (investment in insurance businesses established as a result of the competitive process of choosing strategic partners to operate the CAIXA branch) and Distribution (businesses related to the management of access to the distribution network and use of the CAIXA brand and the brokerage and intermediation of insurance products).

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