GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Genworth Financial Inc (STU:GGK) » Definitions » Accounts Receivable

Genworth Financial (STU:GGK) Accounts Receivable : €16,861 Mil (As of Dec. 2024)


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

What is Genworth Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Genworth Financial's accounts receivables for the quarter that ended in Dec. 2024 was €16,861 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Genworth Financial's Days Sales Outstanding for the quarter that ended in Dec. 2024 was 935.55.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Genworth Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-130.11.


Genworth Financial Accounts Receivable Historical Data

The historical data trend for Genworth 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.

* Premium members only.

Genworth Financial Accounts Receivable Chart

Genworth Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,825.22 14,879.51 17,932.22 17,445.93 16,860.53

Genworth Financial Quarterly Data
Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only 17,445.93 16,824.96 16,455.38 16,757.70 16,860.53

Genworth Financial Accounts Receivable Calculation

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


Genworth 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.

Genworth 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
=16860.525/1644.51*91
=935.55

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

Genworth 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)
=(7372.6+0.75 * 16860.525+0.5 * 0-73955.2
-0-894.835)/421.419
=-130.11

* 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.


Genworth Financial Accounts Receivable Related Terms

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


Genworth Financial Business Description

Traded in Other Exchanges
Address
11011 West Broad Street, Glen Allen, VA, USA, 23060
Genworth Financial Inc is a diversified insurance holding company that provides various mortgage and life insurance products. The company has three main operating business segments: Enact, Life and Annuities segment and Long-Term Care Insurance. The company's product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. Majority of the revenue is generated by the Enact segment. The company earns maximum of its revenue in the United States.

Genworth Financial Headlines

No Headlines