Linea Directa Aseguradora (XMAD:LDA) Accounts Receivable : €0.0 Mil (As of Dec. 2023)

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What is Linea Directa Aseguradora Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Linea Directa Aseguradora's accounts receivables for the quarter that ended in Dec. 2023 was €0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Linea Directa Aseguradora's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. Linea Directa Aseguradora's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €0.10.

Linea Directa Aseguradora Accounts Receivable Historical Data

The historical data trend for Linea Directa Aseguradora'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.

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Linea Directa Aseguradora Accounts Receivable Chart

Linea Directa Aseguradora Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

59.50

61.51

70.81

Linea Directa Aseguradora Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial			61.51	69.75	70.81	-	-

Linea Directa Aseguradora Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Linea Directa Aseguradora Accounts Receivable 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 receivables are being managed.

Linea Directa Aseguradora's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	489.594	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Linea Directa Aseguradora's accounts receivable are only considered to be worth 75% of book value:

Linea Directa Aseguradora's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(919.089	+	0.75 * 0	+	0.5 * 0	-	812.287
-	0	-	0)	/	1087.92
=	0.10

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.

Linea Directa Aseguradora Accounts Receivable Related Terms

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Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.

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