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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. American Independence's accounts receivables for the quarter that ended in Jun. 2016 was $0.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding. American Independence's Days Sales Outstanding for the quarter that ended in Jun. 2016 was 0.00.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. American Independence's Net-Net Working Capital per share for the quarter that ended in Jun. 2016 was $-11.29.
The historical data trend for American Independence's Accounts Receivable 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.
American Independence Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
American Independence Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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 receivables are being managed.
American Independence's Days Sales Outstanding for the quarter that ended in Jun. 2016 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 29.446 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), American Independence's accounts receivable are only considered to be worth 75% of book value:
American Independence's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2016 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (7.824 | + | 0.75 * 0 | + | 0.5 * 0 | - | 95.872 |
- | 0 | - | 3.576) | / | 8.11855 | ||
= | -11.29 |
* 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.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of American Independence's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Teresa A Herbert | director, officer: CFO & SVP | 96 CUMMINGS POINT RD, STAMFORD CT 06902 |
Ronald I Simon | director | 485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022 |
Thung Roy T K | director, officer: CEO | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
James G Tatum | director | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
David T Kettig | director, officer: President | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Steven B Lapin | director | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Brian Schlier | officer: Corporate Vice President - Tax | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Gary Balzofiore | officer: Corporate Vice President | 485 MADISON AVENUE, NEW YORK NY 10022 |
Jeffrey C Smedsrud | officer: Senior Vice President | 8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420 |
Erickson Bernon Reneld Jr | officer: Chief Health Actuary and SVP | INDEPENDENCE HOLDING COMPANY 485 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022 |
Scott Michael Wood | officer: Senior Vice President | 2101 W. PEORIA AVE, SUITE 100 PHOENIX AZ 85029 |
Paul R Janerico | officer: VP - Internal Audit | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
Henry B Spencer | officer: VP - Investments | 96 CUMMINGS POINT ROAD STAMFORD CT 06902 |
Roy L Standfest | officer: V.P.& Chief Investment Officer | 96 CUMMINGS POINT RD STAMFORD CT 06902 |
From GuruFocus
By gurufocus 10qk • 03-18-2011
By gurufocus 10qk • 05-17-2010
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