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Definity Financial (FRA:XR6) Accounts Receivable : €216 Mil (As of Dec. 2024)


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What is Definity Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Definity Financial's accounts receivables for the quarter that ended in Dec. 2024 was €216 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Definity Financial's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 25.84.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Definity Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-21.32.


Definity Financial Accounts Receivable Historical Data

The historical data trend for Definity Financial'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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Definity Financial Accounts Receivable Chart

Definity Financial Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
608.82 - 196.51 194.60 216.31

Definity Financial Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 194.60 - - - 216.31

Definity Financial Accounts Receivable Calculation

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


Definity Financial 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.

Definity Financial's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=216.311/763.826*91
=25.84

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

Definity Financial'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)
=(338.443+0.75 * 216.311+0.5 * 0-2806.749
-0-124.88)/114.000
=-21.32

* 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.


Definity Financial Accounts Receivable Related Terms

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Definity Financial Business Description

Traded in Other Exchanges
Address
111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6
Definity Financial Corp is a property and casualty insurance services provider. It serves the insurance needs of individual, commercial, and farm customers. Its products portfolio includes Personal auto insurance, Personal home insurance, Group auto insurance, Group home insurance, Business property insurance, Business liability insurance, Commercial vehicle insurance, Surety bonds, Oilfield services insurance, General farm insurance, Premier cash crop insurance, and Winery insurance.

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