Life & Banc Split (TSX:LBS) Accounts Receivable : C$0.00 Mil (As of Dec. 2023)

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What is Life & Banc Split Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Life & Banc Split's accounts receivables for the quarter that ended in Dec. 2023 was C$0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Life & Banc Split's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Life & Banc Split's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was C$-10.09.

Life & Banc Split Accounts Receivable Historical Data

The historical data trend for Life & Banc Split'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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Life & Banc Split Accounts Receivable Chart

Life & Banc Split Annual Data

Trend

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Dec23

Accounts Receivable

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Life & Banc Split Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	-	-

Life & Banc Split Accounts Receivable Calculation

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

Life & Banc Split 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.

Life & Banc Split's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	45.501	*	91
=	0.00

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

Life & Banc Split's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(2.941	+	0.75 * 0	+	0.5 * 0	-	420.578
-	0	-	0)	/	41.3886
=	-10.09

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.

Life & Banc Split Accounts Receivable Related Terms

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Life & Banc Split (TSX:LBS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Life & Banc Split Corp (TSX:LBS) » Definitions » Accounts Receivable

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Traded in Other Exchanges

LBS.PR.A:Canada

Address

181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.

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