CIC Insurance Group (NAI:CIC) Change In Receivables : KES-104 Mil (TTM As of Dec. 2022)

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What is CIC Insurance Group Change In Receivables?

CIC Insurance Group's change in receivables for the quarter that ended in Dec. 2022 was KES-104 Mil. It means CIC Insurance Group's Accounts Receivable increased by KES104 Mil from Dec. 2021 to Dec. 2022 .

CIC Insurance Group's change in receivables for the fiscal year that ended in Dec. 2022 was KES-104 Mil. It means CIC Insurance Group's Accounts Receivable increased by KES104 Mil from Dec. 2021 to Dec. 2022 .

CIC Insurance Group's Accounts Receivable for the quarter that ended in Dec. 2022 was KES2,936 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. CIC Insurance Group's Days Sales Outstanding for the six months ended in Dec. 2022 was 23.96.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CIC Insurance Group's liquidation value for the six months ended in Dec. 2022 was KES-12,792 Mil.

CIC Insurance Group Change In Receivables Historical Data

The historical data trend for CIC Insurance Group'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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CIC Insurance Group Change In Receivables Chart

CIC Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-666.80

-587.54

-745.28

31.15

-104.22

CIC Insurance Group Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Change In Receivables	Get a 7-Day Free Trial							-666.80	-587.54	-745.28	31.15	-104.22

CIC Insurance Group 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2022 was KES-104 Mil.

CIC Insurance Group (NAI:CIC) 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.

CIC Insurance Group's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2936.402	/	22369.744	*	91
=	23.96

2. In Ben Graham's calculation of liquidation value, CIC Insurance Group's accounts receivable are only considered to be worth 75% of book value:

CIC Insurance Group's liquidation value for the quarter that ended in Dec. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	23143.864	-	38137.912	+	0.75 * 2936.402	+	0.5 * 0
=	-12,792

CIC Insurance Group Change In Receivables Related Terms

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CIC Insurance Group (NAI:CIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » Change In Receivables

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N/A

Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The Group's reportable segments are long-term business, general insurance business, asset management and other. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.

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