Argo Group (LSE:ARGO) Change In Receivables : £-0.53 Mil (TTM As of Dec. 2023)

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What is Argo Group Change In Receivables?

Argo Group's change in receivables for the quarter that ended in Dec. 2023 was £-0.61 Mil. It means Argo Group's Accounts Receivable increased by £0.61 Mil from Jun. 2023 to Dec. 2023 .

Argo Group's change in receivables for the fiscal year that ended in Dec. 2023 was £-0.53 Mil. It means Argo Group's Accounts Receivable increased by £0.53 Mil from Dec. 2022 to Dec. 2023 .

Argo Group's Accounts Receivable for the quarter that ended in Dec. 2023 was £0.21 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. Argo Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 32.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Argo Group's liquidation value for the six months ended in Dec. 2023 was £3.39 Mil.

Argo Group Change In Receivables Historical Data

The historical data trend for Argo 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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Argo Group Change In Receivables Chart

Argo Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.14

-0.15

-0.39

0.33

-0.53

Argo Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-0.63	0.97	-0.65	0.08	-0.61

Argo 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 semi-annually data reported by the company within the most recent 12 months, which was £-0.53 Mil.

Argo Group (LSE:ARGO) 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.

Argo 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
=	0.214	/	1.214	*	91
=	32.17

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

Argo 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)
=	3.985	-	0.751	+	0.75 * 0.214	+	0.5 * 0
=	3.39

Argo Group Change In Receivables Related Terms

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Argo Group (LSE:ARGO) Business Description

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IW6:Germany

Address

24-25 New Bond Street, 2nd Floor, London, GBR, W1S 2RR

Website

https://www.argogrouplimited.com

Argo Group Ltd is an investment management company that invests in multi-strategy investment in emerging markets. Its investment objective is to provide investors with absolute returns on the funds. The group aims to deliver low volatility, double-digit absolute returns through a fundamental, bottom-up investment approach. The Group's funds invest in performing fixed-income securities, both sovereign and corporate, distressed debt, and real estate. The company operates as a single asset management business.