SIC Insurance Co (XGHA:SIC) Change In Receivables : GHS-99.6 Mil (TTM As of Dec. 2021)

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What is SIC Insurance Co Change In Receivables?

SIC Insurance Co's change in receivables for the quarter that ended in Dec. 2021 was GHS-102.7 Mil. It means SIC Insurance Co's Accounts Receivable increased by GHS102.7 Mil from Sep. 2021 to Dec. 2021 .

SIC Insurance Co's change in receivables for the fiscal year that ended in Dec. 2022 was GHS62.1 Mil. It means SIC Insurance Co's Accounts Receivable declined by GHS62.1 Mil from Dec. 2021 to Dec. 2022 .

SIC Insurance Co's Accounts Receivable for the quarter that ended in Dec. 2021 was GHS151.1 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. SIC Insurance Co's Days Sales Outstanding for the three months ended in Dec. 2021 was 158.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. SIC Insurance Co's liquidation value for the three months ended in Dec. 2021 was GHS-132.2 Mil.

SIC Insurance Co Change In Receivables Historical Data

The historical data trend for SIC Insurance Co'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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SIC Insurance Co Change In Receivables Chart

SIC Insurance Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-19.95

33.32

-4.94

-99.62

62.06

SIC Insurance Co Quarterly Data
	Dec15	Dec16	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Dec22
Change In Receivables	Get a 7-Day Free Trial															20.83	-7.70	-10.04	-102.70	-

SIC Insurance Co 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 Dec. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was GHS-99.6 Mil.

SIC Insurance Co (XGHA:SIC) 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.

SIC Insurance Co's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	151.144	/	87.005	*	91
=	158.52

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

SIC Insurance Co's liquidation value for the quarter that ended in Dec. 2021 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	105.597	-	351.194	+	0.75 * 151.144	+	0.5 * 0
=	-132.2

SIC Insurance Co Change In Receivables Related Terms

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SIC Insurance Co (XGHA:SIC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SIC Insurance Co Ltd (XGHA:SIC) » Definitions » Change In Receivables

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Address

28/29 Ring Road East, Nyemitei House, P. O. Box 2363, Osu, Accra, GHA

Website

https://www.sic-gh.com

SIC Insurance Co Ltd is a Ghana-based insurance company. It offers non-life insurance products including Motor insurance, Fire insurance, Marine and aviation insurance; and Accident insurance. Along with its subsidiaries, the company also issues a diversified portfolio of investment services to provide its customers with asset management solutions for their savings and retirement needs as well as undertaking brokerage services and corporate finance. The firm operates in Ghana. The company generates the majority of its revenue from Fire Insurance.