GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hamilton Insurance Group Ltd (NYSE:HG) » Definitions » Accounts Receivable

Hamilton Insurance Group (Hamilton Insurance Group) Accounts Receivable : $2,193 Mil (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Hamilton Insurance Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hamilton Insurance Group's accounts receivables for the quarter that ended in Mar. 2024 was $2,193 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hamilton Insurance Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 298.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hamilton Insurance Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-18.54.


Hamilton Insurance Group Accounts Receivable Historical Data

The historical data trend for Hamilton Insurance 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.

Hamilton Insurance Group Accounts Receivable Chart

Hamilton Insurance Group Annual Data
Trend Nov20 Nov21 Dec22 Dec23
Accounts Receivable
- 1,665.35 1,791.19 1,964.64

Hamilton Insurance Group Quarterly Data
Nov20 Nov21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,924.10 2,051.74 1,984.48 1,964.64 2,193.08

Hamilton Insurance Group Accounts Receivable Calculation

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


Hamilton Insurance 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.

Hamilton Insurance Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2193.084/670.595*91
=298.42

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

Hamilton Insurance Group'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)
=(1437.106+0.75 * 2193.084+0.5 * 0-5084.793
-0-54.727)/111.003
=-18.54

* 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.


Hamilton Insurance Group Accounts Receivable Related Terms

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


Hamilton Insurance Group (Hamilton Insurance Group) Business Description

Comparable Companies
Traded in Other Exchanges
Address
90 Pitts Bay Road, Wellesley House North, 1st Floor, Pembroke, BMU, HM 08
Hamilton Insurance Group Ltd is a Global specialty insurance and reinsurance company. It operates globally, with underwriting operations in Lloyd's, Ireland, Bermuda, and the United States. It operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments (International and Bermuda).