NEM Insurance (NSA:NEMI) Change In Receivables : ₦0.00 Mil (TTM As of . 20)

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What is NEM Insurance Change In Receivables?

NEM Insurance's change in receivables for the quarter that ended in . 20 was ₦0.00 Mil. It means NEM Insurance's Accounts Receivable stayed the same from . 20 to . 20 .

NEM Insurance's change in receivables for the fiscal year that ended in . 20 was ₦0.00 Mil. It means NEM Insurance's Accounts Receivable stayed the same from . 20 to . 20 .

NEM Insurance's Accounts Receivable for the quarter that ended in . 20 was ₦0.00 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.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NEM Insurance's liquidation value for the three months ended in . 20 was ₦0.00 Mil.

NEM Insurance Change In Receivables Historical Data

The historical data trend for NEM Insurance'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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NEM Insurance Change In Receivables Chart

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Change In Receivables

NEM Insurance Quarterly Data

Change In Receivables

NEM Insurance 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 . 20 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦0.00 Mil.

NEM Insurance (NSA:NEMI) 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.

NEM Insurance's Days Sales Outstanding for the quarter that ended in . 20 is calculated as:

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

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

NEM Insurance's liquidation value for the quarter that ended in . 20 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=		-		+	0.75 *	+	0.5 *
=	0.00

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NEM Insurance (NSA:NEMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NEM Insurance PLC (NSA:NEMI) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

199, Ikorodu Road, P.O.BOX 654, Obanikoro, Lagos, NGA

Website

https://www.nem-insurance.com

NEM Insurance PLC provides general insurance and life assurance in Nigeria. The company offers Fire Insurance, General Accident Insurance, Marine, Motor Vehicle Insurance and aviation, Fire, General Accident, and Oil and gas insurance products & services.

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