BRP Group (BRP Group) Change In Receivables : $-132 Mil (TTM As of Dec. 2023)

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What is BRP Group Change In Receivables?

BRP Group's change in receivables for the quarter that ended in Dec. 2023 was $-69 Mil. It means BRP Group's Accounts Receivable increased by $69 Mil from Sep. 2023 to Dec. 2023 .

BRP Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-132 Mil. It means BRP Group's Accounts Receivable increased by $132 Mil from Dec. 2022 to Dec. 2023 .

BRP Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $628 Mil.

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 Receivable are being managed. BRP Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 201.25.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BRP Group's liquidation value for the three months ended in Dec. 2023 was $-1,896 Mil.

BRP Group Change In Receivables Historical Data

The historical data trend for BRP Group's Change In Receivables 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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BRP Group Change In Receivables Chart

BRP Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.00

-6.83

-64.50

-183.01

-132.27

BRP Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-85.88	-48.35	-13.52	-1.50	-68.90

BRP Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-132 Mil.

BRP Group (NAS:BRP) Change In Receivables 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 Receivable are being managed.

BRP 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
=	627.791	/	284.648	*	91
=	201.25

2. In Ben Graham's calculation of liquidation value, BRP Group's accounts receivable are only considered to be worth 75% of book value:

BRP Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	116.209	-	2483.055	+	0.75 * 627.791	+	0.5 * 0
=	-1,896

BRP Group Change In Receivables Related Terms

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BRP Group (BRP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » BRP Group Inc (NAS:BRP) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

4211 W. Boy Scout Boulevard, Suite 200, Tampa, FL, USA, 33607

Website

https://www.baldwinriskpartners.com

BRP Group Inc is a United States-based insurance distribution firm. Its products include commercial property and casualty, or P&C, insurance, employee benefits insurance and personal lines insurance. The company operates its business through four segments including Middle Market, Specialty, Mainstreet, and Medicare. It generates maximum revenue from the Middle Market segment.

Executives

Bradford Hale	officer: Chief Accounting Officer	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
John A. Valentine	officer: Chief Partnership Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Laura Sherman	10 percent owner, other: Member of 10% owner group	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
Lowry Baldwin	director, officer: Chairman	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Daniel Galbraith	officer: Chief Operating Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Trevor Baldwin	director, officer: Chief Executive Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Kristopher Aaron Wiebeck	officer: Chief Financial Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Seth Bala Cohen	officer: General Counsel	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sathish Muthukrishnan	director	601 S. TRYON STREET, CHARLOTTE NC 28202
Baldwin Insurance Group Holdings, Llc	10 percent owner, other: Member of 10% owner group	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Ellyn Shook	director	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Myron K Williams	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sunita Parasuraman	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Jay A Cohen	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Galloway Corbyn N.	officer: Chief Accounting Officer	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607