La Positiva Seguros y Reaseguros (LIM:POSITIC1) Accounts Receivable : S/.557 Mil (As of Dec. 2017)

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What is La Positiva Seguros y Reaseguros Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. La Positiva Seguros y Reaseguros's accounts receivables for the quarter that ended in Dec. 2017 was S/.557 Mil.

Accounts receivable can be measured by Days Sales Outstanding. La Positiva Seguros y Reaseguros's Days Sales Outstanding for the quarter that ended in Dec. 2017 was 71.48.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. La Positiva Seguros y Reaseguros's Net-Net Working Capital per share for the quarter that ended in Dec. 2017 was S/.-7.57.

La Positiva Seguros y Reaseguros Accounts Receivable Historical Data

The historical data trend for La Positiva Seguros y Reaseguros'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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La Positiva Seguros y Reaseguros Accounts Receivable Chart

La Positiva Seguros y Reaseguros Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Receivable

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239.56

331.80

280.89

373.15

557.01

La Positiva Seguros y Reaseguros Semi-Annual Data
	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Accounts Receivable	Get a 7-Day Free Trial								239.56	331.80	280.89	373.15	557.01

La Positiva Seguros y Reaseguros Accounts Receivable Calculation

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

La Positiva Seguros y Reaseguros 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.

La Positiva Seguros y Reaseguros's Days Sales Outstanding for the quarter that ended in Dec. 2017 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	557.014	/	1422.126	*	91
=	71.48

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

La Positiva Seguros y Reaseguros's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2017 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)
=	(402.968	+	0.75 * 557.014	+	0.5 * 0	-	4573.459
-	0	-	314.52)	/	537.27
=	-7.57

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.

La Positiva Seguros y Reaseguros Accounts Receivable Related Terms

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La Positiva Seguros y Reaseguros (LIM:POSITIC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » La Positiva Seguros y Reaseguros SA (LIM:POSITIC1) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Calle Francisco Masias 370, San Isidro, Lima, PER

Website

http://www.lapositiva.com.pe

La Positiva Seguros y Reaseguros SA is an insurance company. It offers accident, health, life, retirement, home, travel, micro and affinity, and vehicles and SOAT insurance products for individuals. The company also provides property, fire, profit losing, electronic equipment, machinery break, theft and assault, business, employee dishonesty, liability, agricultural, and occupational risk insurance products for companies.

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