Universal Insurance Holdings (Universal Insurance Holdings) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is Universal Insurance Holdings Change In Receivables?

Universal Insurance Holdings's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means Universal Insurance Holdings's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Universal Insurance Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $583 Mil. It means Universal Insurance Holdings's Accounts Receivable declined by $583 Mil from Dec. 2022 to Dec. 2023 .

Universal Insurance Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $296 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. Universal Insurance Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.98.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Universal Insurance Holdings's liquidation value for the three months ended in Dec. 2023 was $-1,262 Mil.

Universal Insurance Holdings Change In Receivables Historical Data

The historical data trend for Universal Insurance Holdings'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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Universal Insurance Holdings Change In Receivables Chart

Universal Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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198.41

32.76

-10.71

-613.42

583.30

Universal Insurance Holdings 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															-	-	-	-	-

Universal Insurance Holdings 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 $0 Mil.

Universal Insurance Holdings (NYSE:UVE) 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.

Universal Insurance Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	296.166	/	375.456	*	91
=	71.98

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

Universal Insurance Holdings'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)
=	491.566	-	1975.264	+	0.75 * 296.166	+	0.5 * 0
=	-1,262

Universal Insurance Holdings Change In Receivables Related Terms

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Universal Insurance Holdings (Universal Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Universal Insurance Holdings Inc (NYSE:UVE) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

5UI:Germany

Address

1110 West Commercial Boulevard, Fort Lauderdale, FL, USA, 33309

Website

https://www.universalinsuranceholdings.com

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.

Executives

Sean P Downes	director	2875 N.E. 191ST, SUITE 300, MIAMI FL 33180
Stephen Donaghy	director, officer: CEO	UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Michael Pietrangelo	director	6410 POPLAR AVE, STE 190, MIMPHIS TN 38119
Gary Lloyd Ropiecki	officer: Principal Accounting Officer	1110 W. COMMERCIAL BLVD., FORT LAUDERDALE FL 33309
Jon Springer	director, officer: President and CRO	UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Shannon A Brown	director	1001 TILLMAN STREET, MEMPHIS TN 38112
Mccahill Francis Xavier Iii	director	1314 SOUTH RAMONA AVENUE, INDIALANTIC FL 32903
Scott P. Callahan	director	1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Joel Wilentz	director	5811 SW 33RD TERR, FORT LAUDERDALE FL 33312
Ozzie A Schindler	director	1451 STILLWATER DRIVE, MIAMI BEACH FL 33141-1031
Richard D Peterson	director	1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Marlene Gordon	director	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134
Frank Wilcox	officer: CFO, Principal Acct. Officer	1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Kimberly D Campos	director, officer: CIO & CAO	1110 WEST COMMERCIAL BOULEVARD, SUITE 100, FORT LAUDERDALE FL 33309
Ralph J. Palmieri	director	1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309