Mutual Benefits Assurance (NSA:MBAS) Accounts Receivable: ₦1,743.40 Mil (As of Dec. 2025)

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NSA:MBAS Mutual Benefits Assurance PLC NSA:MBAS
45 GF Score
Price ₦3.67
GF Value ₦1.42
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Mutual Benefits Assurance Accounts Receivable?

Mutual Benefits Assurance NSA:MBAS 45 Accounts Receivable is ₦1,743.40 Mil as of Dec. 2025. GuruFocus rates NSA:MBAS with a GF Score™ of 45/100 and a GF Value™ of ₦1.42 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Mutual Benefits Assurance's accounts receivables for the quarter that ended in Dec. 2025 was ₦1,743.40 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Mutual Benefits Assurance's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was ₦-6.59.

Mutual Benefits Assurance 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.

Mutual Benefits Assurance's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1743.395/-32571.154*91
=

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

Mutual Benefits Assurance's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(25581.11+0.75 * 1743.395+0.5 * 0-74805.024
-0-4792.443)/8002.500
=-6.59

* 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.

Mutual Benefits Assurance Accounts Receivable Related Terms

Mutual Benefits Assurance Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Mutual Benefits Assurance'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.

Mutual Benefits Assurance Accounts Receivable Chart

Mutual Benefits Assurance Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,107.71 6,124.28 1,424.01 884.83 1,743.40

Mutual Benefits Assurance Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Sep24 Dec24 Jun25 Sep25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only 0.00 884.83 5,806.13 3,677.09 1,743.40
NSA:MBAS
45GF Score
Mutual Benefits Assurance PLC NSA:MBAS
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutual Benefits Assurance Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of ₦1,743.40 Mil mean?
Mutual Benefits Assurance (NSA:MBAS) has a Accounts Receivable of ₦1,743.40 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Mutual Benefits Assurance and its competitors.
Is Mutual Benefits Assurance's Accounts Receivable too high?
Mutual Benefits Assurance's current Accounts Receivable is ₦1,743.40 Mil. Overall, Mutual Benefits Assurance has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Accounts Receivable compare to BRK.A and AIG?
Mutual Benefits Assurance's Accounts Receivable of ₦1,743.40 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for an Insurance company?
A good Accounts Receivable depends on the Insurance industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Mutual Benefits Assurance and its competitors. Mutual Benefits Assurance's current Accounts Receivable is ₦1,743.40 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦1.42, compared to a current price of ₦3.67 — trading 158.5% above its estimated fair value. The current Accounts Receivable is ₦1,743.40 Mil. Mutual Benefits Assurance's overall GF Score™ is 45/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Accounts Receivable is ₦1,743.40 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued. The current stock price of ₦3.67 is trading 158.5% above its estimated GF Value™ of ₦1.42. GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.

Key valuation signals for NSA:MBAS:

  • Accounts Receivable: ₦1,743.40 Mil
  • GF Value™: ₦1.42 vs. price of ₦3.67 (158.5% above fair value)
  • GF Score™: 45/100 with 1 warning sign

No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Mutual Benefits Assurance Business Description

Address 233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
45GF Score

Get the complete analysis for NSA:MBAS

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦3.67
Price
₦1.42
GF Value