Citizens (Citizens) Accounts Receivable : $14.1 Mil (As of Mar. 2024)

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What is Citizens Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Citizens's accounts receivables for the quarter that ended in Mar. 2024 was $14.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Citizens's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 22.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Citizens's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-28.68.

Citizens Accounts Receivable Historical Data

The historical data trend for Citizens'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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Citizens Accounts Receivable Chart

Citizens Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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16.35

17.06

16.29

16.39

15.26

Citizens Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															13.50	13.29	13.44	15.26	14.09

Citizens Accounts Receivable Calculation

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

Citizens 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.

Citizens's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.088	/	57.712	*	91
=	22.27

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

Citizens's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(38.398	+	0.75 * 14.088	+	0.5 * 0	-	1470.48
-	0	-	0)	/	49.5724
=	-28.68

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.

Citizens Accounts Receivable Related Terms

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Citizens (Citizens) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Citizens Inc (NYSE:CIA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11815 Alterra Parkway, Suite 1500, Austin, TX, USA, 78758

Website

https://www.citizensinc.com

Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States. The company provides insurance benefits to residents in 32 U.S. states and more than 70 countries through its insurance subsidiaries. The company operates in two business segments namely the Life Insurance segment and the Home Service Insurance segment. The company majority generates revenues from Life Insurance segment.

Executives

James Keith Morgan	director	PO BOX 149151, AUSTIN TX 78714
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jeffery P. Conklin	officer: VP, CFO & Treasurer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Gerald W Shields	director, officer: President & CEO	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Harvey J. Waite	officer: VP, Chief Actuary	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Mary Taylor	director	PO BOX 149151, AUSTIN TX 78714
Cynthia H Davis	director	PO BOX 149151, AUSTIN TX 78714
Davis Jerry Dodd Jr.	director	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Terry Sam Maness	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Errol Dean Gage	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Frank A Keating	director	6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Mauldin Robert M Iii	officer: VP, Chief Marketing Officer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Sheryl L Kinlaw	officer: Chief Legal Officer	11815 ALTERRA PKWY, FLOOR 15, AUSTIN TX 78758
Sloan Robert B Jr	director	11815 ALTERRA PKWY, SUITE 1500, AUSTIN TX 78758
Fred L. Quatro	director	2901 PENNY LANE, EULESS TX 76039