Close Brothers Group (Close Brothers Group) Accounts Receivable : $0 Mil (As of Jan. 2024)

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

What is Close Brothers Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Close Brothers Group's accounts receivables for the quarter that ended in Jan. 2024 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Close Brothers Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 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. Close Brothers Group's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-89.06.

Close Brothers Group Accounts Receivable Historical Data

The historical data trend for Close Brothers 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.

Close Brothers Group Accounts Receivable Chart

Close Brothers Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Accounts Receivable

Get a 7-Day Free Trial

Close Brothers Group Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Close Brothers Group Accounts Receivable Calculation

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

Close Brothers 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.

Close Brothers Group's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	648.03	*	91
=	0.00

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

Close Brothers Group's Net-Net Working Capital Per Share for the quarter that ended in Jan. 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)
=	(2107.37	+	0.75 * 0	+	0.5 * 0	-	15509.53
-	0	-	0)	/	150.488
=	-89.06

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.

Close Brothers Group Accounts Receivable Related Terms

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

Close Brothers Group (Close Brothers Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Close Brothers Group PLC (OTCPK:CBGPF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CBGPY:USA CBGl:UK CBG:UK CS3:Germany

Address

10 Crown Place, London, GBR, EC2A 4FT

Website

https://www.closebrothers.com

Close Brothers Group PLC is a merchant banking group providing lending, deposit solutions, wealth management services, and securities trading. The company mostly provides services to small businesses and individuals in the United Kingdom. Its strategy focuses on niche markets to drive high levels of repeat business with clients. The company distributes its service offerings with a direct salesforce and an intermediated distribution network. Its banking division provides asset, invoice, motor, premium, and property finance. Close Brothers' security business is primarily a liquidity provider to U.K. retail stockbrokers and institutions. The group's asset management division offers financial planning and investment management services.

Close Brothers Group (Close Brothers Group) Headlines

From GuruFocus

A Close Encounter With a Merchant Bank

By Praveen Chawla • 06-06-2022

Close Brothers Group PLC's Dividend Analysis

By GuruFocus Research • 10-18-2023