SIC Insurance Co (XGHA:SIC) Change In Receivables: GHS28.7 Mil (TTM As of Dec. 2024)

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XGHA:SIC SIC Insurance Co Ltd XGHA:SIC
54 GF Score
Price GHS5.00
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What is SIC Insurance Co Change In Receivables?

SIC Insurance Co XGHA:SIC -8.09% 54 Change In Receivables is GHS28.7 Mil as of Dec. 2024. GuruFocus rates XGHA:SIC with a GF Score™ of 54/100. The stock has 1 warning sign investors should review.

SIC Insurance Co's change in receivables for the quarter that ended in Dec. 2024 was GHS28.7 Mil. It means SIC Insurance Co's Accounts Receivable declined by GHS28.7 Mil from Dec. 2023 to Dec. 2024 .

SIC Insurance Co's change in receivables for the fiscal year that ended in Dec. 2024 was GHS28.7 Mil. It means SIC Insurance Co's Accounts Receivable declined by GHS28.7 Mil from Dec. 2023 to Dec. 2024 .

SIC Insurance Co's Accounts Receivable for the quarter that ended in Dec. 2024 was GHS49.4 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 six months ended in Dec. 2024 was 19.34.

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 six months ended in Dec. 2024 was GHS-285.3 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. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=49.415/466.286*91
=19.34

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. 2024 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=122.952-445.352+0.75 * 49.415+0.5 * 0
=-285.3

* 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.

SIC Insurance Co Change In Receivables Related Terms

SIC Insurance Co Change In Receivables Historical Data

* Premium members only.

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.

SIC Insurance Co Change In Receivables Chart

SIC Insurance Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.94 -99.62 61.05 -24.17 28.67

SIC Insurance Co Semi-Annual Data
Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.94 -99.62 61.05 -24.17 28.67
XGHA:SIC
54GF Score
SIC Insurance Co Ltd XGHA:SIC
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

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. 2024 was GHS28.7 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of GHS28.7 Mil mean?
SIC Insurance Co (XGHA:SIC) has a Change In Receivables of GHS28.7 Mil as of Dec. 2024. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for SIC Insurance Co and its competitors.
Is SIC Insurance Co's Change In Receivables too high?
SIC Insurance Co's current Change In Receivables is GHS28.7 Mil. Overall, SIC Insurance Co has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does SIC Insurance Co's Change In Receivables compare to CB and PGR?
SIC Insurance Co's Change In Receivables of GHS28.7 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for an Insurance company?
A good Change In Receivables depends on the Insurance industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for SIC Insurance Co and its competitors. SIC Insurance Co's current Change In Receivables is GHS28.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SIC Insurance Co stock overvalued right now?
SIC Insurance Co (XGHA:SIC) has a current Change In Receivables of GHS28.7 Mil. The current Change In Receivables is GHS28.7 Mil. SIC Insurance Co's overall GF Score™ is 54/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For SIC Insurance Co (XGHA:SIC), the current Change In Receivables is GHS28.7 Mil as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SIC Insurance Co Business Description

Address Ring Road East, Nyemitei House No.15, Osu, Accra, GHA
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, Bonds, Engineering, 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.
54GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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