Helia Group (ASX:HLI) Accounts Receivable : A$17.6 Mil (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Helia Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Helia Group's accounts receivables for the quarter that ended in Dec. 2023 was A$17.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Helia Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 11.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Helia Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was A$-6.62.

Helia Group Accounts Receivable Historical Data

The historical data trend for Helia Group'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.

* Premium members only.

Helia Group Accounts Receivable Chart

Helia Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

Get a 7-Day Free Trial

25.50

52.87

2.52

3.64

17.61

Helia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															2.52	12.17	3.64	8.25	17.61

Helia Group Accounts Receivable Calculation

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

Helia Group 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	17.608	/	289.65	*	91
=	11.09

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

Helia Group'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)
=	(57.049	+	0.75 * 17.608	+	0.5 * 0	-	2061.86
-	0	-	0)	/	300.805
=	-6.62

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.

Helia Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Helia Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Helia Group (ASX:HLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Helia Group Ltd (ASX:HLI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

0GI0:Germany

Address

101 Miller Street, Level 26, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.helia.com.au

Helia listed on the Australian Securities Exchange in 2014 after its U.S.-based parent, Genworth Financial (NYSE: GNW), sold down its stake. It has since exited. With a history spanning over 50 years, Helia is a provider of lenders' mortgage insurance, or LMI, in Australia. In Australia, LMI is predominantly purchased on loans with a loan/value ratio, or LVR, above 80%. LMI protects a lender against a potential loss (gap) between the outstanding loan amount and sale proceeds on a delinquent loan property. LMI does not protect the borrower, however the premium is paid by the borrower. It's regulated by the Australian Prudential Regulation Authority, or APRA, which requires it to meet minimum regulatory capital requirements.