Ironrock Insurance Co (XJAM:ROC) Accounts Receivable : JMD0.00 Mil (As of . 20)

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What is Ironrock Insurance Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ironrock Insurance Co's accounts receivables for the quarter that ended in . 20 was JMD0.00 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. Ironrock Insurance Co's Net-Net Working Capital per share for the quarter that ended in . 20 was JMDN/A.

Ironrock Insurance Co Accounts Receivable Historical Data

The historical data trend for Ironrock Insurance Co'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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Ironrock Insurance Co Accounts Receivable Chart

Ironrock Insurance Co Annual Data

Trend

Accounts Receivable

Ironrock Insurance Co Semi-Annual Data

Accounts Receivable

Ironrock Insurance Co Accounts Receivable Calculation

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

Ironrock Insurance Co 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.

Ironrock Insurance Co's Days Sales Outstanding for the quarter that ended in . 20 is calculated as:

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

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

Ironrock Insurance Co's Net-Net Working Capital Per Share for the quarter that ended in . 20 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)
=	(	+	0.75 *	+	0.5 *	-	N/A
-		-	)	/	0
=	N/A

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.

Ironrock Insurance Co Accounts Receivable Related Terms

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Ironrock Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ironrock Insurance Co Ltd (XJAM:ROC) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

1b Braemar Avenue, Saint Andrew, Kingston, JAM, 10

Website

https://www.ironrockjamaica.com

Ironrock Insurance Co Ltd is a Jamaica-based company operating in the Insurance sector. The principal activity of the company is the underwriting of general insurance. It offers services directly and also through agent and broker. The company mainly underwrites for nonlife insurance consisting of marine, engineering, accident, liability, motor, and property.