Ceylinco Insurance (COL:CINS.X0000) Accounts Receivable : රු16,693 Mil (As of Sep. 2023)

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What is Ceylinco Insurance Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ceylinco Insurance's accounts receivables for the quarter that ended in Sep. 2023 was රු16,693 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ceylinco Insurance's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 70.60.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ceylinco Insurance's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was රු-6,710.73.

Ceylinco Insurance Accounts Receivable Historical Data

The historical data trend for Ceylinco Insurance'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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Ceylinco Insurance Accounts Receivable Chart

Ceylinco Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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10,069.17

10,088.44

11,153.70

12,864.88

16,894.58

Ceylinco Insurance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial															16,235.87	16,894.58	18,740.91	16,706.94	16,692.59

Ceylinco Insurance Accounts Receivable Calculation

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

Ceylinco Insurance 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.

Ceylinco Insurance's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16692.585	/	21574.745	*	91
=	70.60

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

Ceylinco Insurance's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(20556.171	+	0.75 * 16692.585	+	0.5 * 0	-	206573.435
-	0	-	3762.882)	/	26.4145
=	-6,710.73

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.

Ceylinco Insurance Accounts Receivable Related Terms

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Ceylinco Insurance (COL:CINS.X0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ceylinco Insurance PLC (COL:CINS.X0000) » Definitions » Accounts Receivable

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Traded in Other Exchanges

CINS.N0000:Sri Lanka

Address

No. 69, Janadhipathi Mawatha, Ceylinco House, Colombo, LKA, 01

Website

https://www.ceylincoinsuranceplc.com

Ceylinco Insurance PLC is engaged in seven business segments. The Life Insurance segment, which is the key revenue driver, offers whole-life products, term products, universal life products, and mortgage protection products. The Non-Life Insurance segment includes motor, fire, engineering, marine, and miscellaneous. The Healthcare segment includes a center for Cancer screening, Radiation treatment units, and a Diabetes center. The Maldives Foreign operations include non-life insurance products in Maldives. The Education Services segment includes primary, secondary, and high education courses. The Power generation segment generates and distributes hydropower to the national grid. Other segment includes investment holding, associate business, investment management & hotel services.

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