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CIG Pannonia Life Insurance OJSC (FRA:0CKA) Accounts Receivable : €0.0 Mil (As of Dec. 2024)


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What is CIG Pannonia Life Insurance OJSC Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CIG Pannonia Life Insurance OJSC's accounts receivables for the quarter that ended in Dec. 2024 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CIG Pannonia Life Insurance OJSC's Days Sales Outstanding for the quarter that ended in Dec. 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. CIG Pannonia Life Insurance OJSC's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-4.18.


CIG Pannonia Life Insurance OJSC Accounts Receivable Historical Data

The historical data trend for CIG Pannonia Life Insurance OJSC'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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CIG Pannonia Life Insurance OJSC Accounts Receivable Chart

CIG Pannonia Life Insurance OJSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
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CIG Pannonia Life Insurance OJSC Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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CIG Pannonia Life Insurance OJSC Accounts Receivable Calculation

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


CIG Pannonia Life Insurance OJSC 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.

CIG Pannonia Life Insurance OJSC's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/37.938*91
=0.00

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

CIG Pannonia Life Insurance OJSC's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=(6.4+0.75 * 0+0.5 * 0-398.678
-0-0)/93.954
=-4.18

* 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.


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.


CIG Pannonia Life Insurance OJSC Accounts Receivable Related Terms

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CIG Pannonia Life Insurance OJSC Business Description

Traded in Other Exchanges
Address
11 Konyves Kalman Korut, Building B, Nepliget Center Business Center, Budapest, HUN, 1097
CIG Pannonia Life Insurance OJSC is an insurance company. The company mainly sells various insurance products including unit-linked life insurance, term life insurance, endowment insurance, health insurance, casco, freight liability and suretyship insurance and also offers investment fund management and portfolio management. The company carries its activities in Hungary, Romania, Slovakia, and Italy. In addition, the company sells riders and non-life insurance products.

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