Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Change In Receivables : د.إ-25.7 Mil (TTM As of Mar. 2024)

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What is Dubai National Insurance & Reinsurance PSC Change In Receivables?

Dubai National Insurance & Reinsurance PSC's change in receivables for the quarter that ended in Mar. 2024 was د.إ-22.7 Mil. It means Dubai National Insurance & Reinsurance PSC's Accounts Receivable increased by د.إ22.7 Mil from Dec. 2023 to Mar. 2024 .

Dubai National Insurance & Reinsurance PSC's change in receivables for the fiscal year that ended in Dec. 2023 was د.إ-14.4 Mil. It means Dubai National Insurance & Reinsurance PSC's Accounts Receivable increased by د.إ14.4 Mil from Dec. 2022 to Dec. 2023 .

Dubai National Insurance & Reinsurance PSC's Accounts Receivable for the quarter that ended in Mar. 2024 was د.إ0.0 Mil.

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 Receivable are being managed. Dubai National Insurance & Reinsurance PSC's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Dubai National Insurance & Reinsurance PSC's liquidation value for the three months ended in Mar. 2024 was د.إ420.2 Mil.

Dubai National Insurance & Reinsurance PSC Change In Receivables Historical Data

The historical data trend for Dubai National Insurance & Reinsurance PSC's Change In Receivables 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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Dubai National Insurance & Reinsurance PSC Change In Receivables Chart

Dubai National Insurance & Reinsurance PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-19.57

23.79

11.44

50.10

-14.37

Dubai National Insurance & Reinsurance PSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-11.37	2.40	-22.00	16.61	-22.73

Dubai National Insurance & Reinsurance PSC Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was د.إ-25.7 Mil.

Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Change In Receivables 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 Receivable are being managed.

Dubai National Insurance & Reinsurance PSC's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	89.836	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Dubai National Insurance & Reinsurance PSC's accounts receivable are only considered to be worth 75% of book value:

Dubai National Insurance & Reinsurance PSC's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	705.115	-	284.926	+	0.75 * 0	+	0.5 * 0
=	420.2

Dubai National Insurance & Reinsurance PSC Change In Receivables Related Terms

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Dubai National Insurance & Reinsurance PSC (DFM:DNIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dubai National Insurance & Reinsurance PSC (DFM:DNIR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Dubai National Insurance Building, P.O. Box 1806, 7th & 9th Floor and Ground Floor, Deira, Port Saeed, Opposite to Deira City Centre, Dubai, ARE

Website

https://www.dni.ae

Dubai National Insurance & Reinsurance PSC is engaged in providing insurance and reinsurance services. The company's insurance services consist of commercial insurance that includes motor fleet insurance, group medical insurance, engineering, general accidents, liability, marine, property, and group life, and personal accident insurance. Its personal insurance includes motor insurance, medical insurance, and travel insurance. Its segments include the Underwriting segment which is divided into general Insurance and life Insurance; and the Investments segment which is divided into Investment Property and Financial Assets. The company generates maximum revenue from the Underwriting segment.

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