UWM Holdings (UWM Holdings) Accounts Receivable : $554 Mil (As of Mar. 2024)

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What is UWM Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. UWM Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $554 Mil.

Accounts receivable can be measured by Days Sales Outstanding. UWM Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 120.46.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. UWM Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-122.82.

UWM Holdings Accounts Receivable Historical Data

The historical data trend for UWM Holdings'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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UWM Holdings Accounts Receivable Chart

UWM Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

253.60

415.69

383.15

512.07

UWM Holdings Quarterly Data
	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													433.75	347.87	385.92	512.07	554.44

UWM Holdings Accounts Receivable Calculation

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

UWM Holdings 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	554.443	/	419.99	*	91
=	120.46

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

UWM Holdings'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)
=	(605.639	+	0.75 * 554.443	+	0.5 * 0	-	10340.276
-	0	-	2342.834)	/	94.9456
=	-122.82

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.

UWM Holdings Accounts Receivable Related Terms

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UWM Holdings (UWM Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UWM Holdings Corp (NYSE:UWMC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 South Boulevard East, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp engages in the origination, sale and servicing of residential mortgage loans. The company provides independent mortgage advisors across the states and the district of Columbia.

Executives

Robert Verdun	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Stacey Coopes	director	C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Kelly Czubak	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Alex Elezaj	director, officer: EVP, Chief Strategy Officer	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Laura Lawson	director, officer: EVP, Chief People Officer	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Andrew Hubacker	officer: CAO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Tim Forrester	officer: EVP and CFO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Melinda Wilner	director, officer: EVP, COO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Ishbia Mat	director, 10 percent owner, officer: President and CEO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Sfs Holding Corp	director, 10 percent owner	585 SOUTH BLVD E, PONTIAC MI 48341
Justin Ishbia	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Jeff Ishbia	director, 10 percent owner	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Isiah Iii Thomas	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jeffrey Gene Rea	director	C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Gores Sponsor Iv Llc	director, 10 percent owner	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212