Bank of Ireland Group (LSE:BIRG) Accounts Receivable : €0 Mil (As of Dec. 2023)

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What is Bank of Ireland Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bank of Ireland Group's accounts receivables for the quarter that ended in Dec. 2023 was €0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bank of Ireland Group'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. Bank of Ireland Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-104.30.

Bank of Ireland Group Accounts Receivable Historical Data

The historical data trend for Bank of Ireland 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.

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Bank of Ireland Group Accounts Receivable Chart

Bank of Ireland Group Annual Data

Trend

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Dec23

Accounts Receivable

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Bank of Ireland 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															-	-	-	-	-

Bank of Ireland Group Accounts Receivable Calculation

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

Bank of Ireland 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.

Bank of Ireland 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
=	0	/	2261	*	91
=	0.00

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

Bank of Ireland 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)
=	(33025	+	0.75 * 0	+	0.5 * 0	-	143147
-	0	-	3)	/	1055.84
=	-104.30

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.

Bank of Ireland Group Accounts Receivable Related Terms

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Bank of Ireland Group (LSE:BIRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Ireland Group PLC (LSE:BIRG) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BKRIY:USA BKRIF:USA BIRG:Mexico BIRG:Ireland BIRGi:UK BIRG:Germany

Address

40 Mespil Road, Dublin, IRL, D04 C2N4

Website

https://www.bankofireland.com

Bank of Ireland Group PLC is an Irish financial services group operating mostly in Ireland and the United Kingdom. Services include mortgages, business, and corporate lending, term loans, leasing, foreign exchange, life assurance, and pension products, among others. The bank's trading divisions include Retail Ireland, Wealth and Insurance, Retail UK, Corporate and Treasury (C&T) and Group Centre. The bank generates the majority of its revenue from Retail Ireland serves consumer and business customers across a broad range of segments and sectors. Revenue is also derived from fees for a range of banking and transaction services. The bank has access to distribution in the United Kingdom via its relationship as a financial services partner with the nation's post office.

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