Unity Bank (NSA:UBP) Accounts Receivable : ₦0 Mil (As of Dec. 2022)

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What is Unity Bank Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Unity Bank's accounts receivables for the quarter that ended in Dec. 2022 was ₦0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Unity Bank's Days Sales Outstanding for the quarter that ended in Dec. 2022 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. Unity Bank's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was ₦-61.27.

Unity Bank Accounts Receivable Historical Data

The historical data trend for Unity Bank'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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Unity Bank Accounts Receivable Chart

Unity Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

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Unity Bank Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Accounts Receivable	Get a 7-Day Free Trial			-	-	-	-	-

Unity Bank Accounts Receivable Calculation

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

Unity Bank 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.

Unity Bank's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	27258.832	*	91
=	0.00

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

Unity Bank's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(68849.28	+	0.75 * 0	+	0.5 * 0	-	785092.126
-	0	-	0)	/	11689.3
=	-61.27

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.

Unity Bank Accounts Receivable Related Terms

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Unity Bank (NSA:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Unity Bank PLC (NSA:UBP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 42, Ahmed Onibudo Street, Victoria Island, Lagos, NGA

Website

http://www.unitybankng.com

Unity Bank PLC provides a range of retail, corporate, treasury and investment banking services in Nigeria. The Bank's offerings include Private banking, Digital Banking, Business banking, custody services, consumer loans & mortgages, structured financing, corporate leasing services among others. It has six Business segments Corporate Banking, Commercial Banking, Personal Banking, Private Banking, SME and Institutional Banking. The Bank operated Two geographical segments in addition to the Head Office which are: North and South Bank, of which it dervies majority revenue from North Bank.