Zurich Insurance Group AG (Zurich Insurance Group AG) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Zurich Insurance Group AG Change In Receivables?

Zurich Insurance Group AG's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Zurich Insurance Group AG's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Zurich Insurance Group AG's change in receivables for the fiscal year that ended in Dec. 2023 was $0 Mil. It means Zurich Insurance Group AG's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

Zurich Insurance Group AG's Accounts Receivable for the quarter that ended in Dec. 2023 was $10,391 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. Zurich Insurance Group AG's Days Sales Outstanding for the six months ended in Dec. 2023 was 59.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Zurich Insurance Group AG's liquidation value for the six months ended in Dec. 2023 was $-227,065 Mil.

Zurich Insurance Group AG Change In Receivables Historical Data

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

Zurich Insurance Group AG Annual Data

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Change In Receivables

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Zurich Insurance Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Zurich Insurance Group AG 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Zurich Insurance Group AG (OTCPK:ZFSVF) 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.

Zurich Insurance Group AG's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	10391	/	31715	*	91
=	59.79

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

Zurich Insurance Group AG's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	100245	-	335103	+	0.75 * 10391	+	0.5 * 0
=	-227,065

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Zurich Insurance Group AG (Zurich Insurance Group AG) Business Description

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Traded in Other Exchanges

ZURVY:USA ZURN:Mexico ZURNz:UK 0QP2:UK ZFI1:Germany ZURN:Switzerland

Address

Mythenquai 2, Corporate Center, Zurich, CHE, 8002

Website

https://www.zurich.com

Zurich is a multiline insurer that writes business across both life and non-life insurance and also owns Farmers Management Services. The company was founded in 1872, originally as a marine reinsurer, to provide reinsurance to its parent company. Zurich subsequently expanded into transport and accident insurance and then rode the wave of transport technology innovation that drove rising demand for insurance. One of Zurich's early principles was that setting prices too low would result in unfair claims handling that would be damaging to both customers and Zurich. Over the years Zurich has sought to combine goodwill in claims with a sufficient premium. Zurich is now one of the most successful insurers in Europe.