Elevance Health (LTS:0HG8) Change In Receivables : $-2,015 Mil (TTM As of Mar. 2024)

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What is Elevance Health Change In Receivables?

Elevance Health's change in receivables for the quarter that ended in Mar. 2024 was $-282 Mil. It means Elevance Health's Accounts Receivable increased by $282 Mil from Dec. 2023 to Mar. 2024 .

Elevance Health's change in receivables for the fiscal year that ended in Dec. 2023 was $-1,762 Mil. It means Elevance Health's Accounts Receivable increased by $1,762 Mil from Dec. 2022 to Dec. 2023 .

Elevance Health's Accounts Receivable for the quarter that ended in Mar. 2024 was $8,931 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. Elevance Health's Days Sales Outstanding for the three months ended in Mar. 2024 was 19.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Elevance Health's liquidation value for the three months ended in Mar. 2024 was $-28,730 Mil.

Elevance Health Change In Receivables Historical Data

The historical data trend for Elevance Health'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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Elevance Health Change In Receivables Chart

Elevance Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1,053.00

-256.00

-2,138.00

-2,510.00

-1,762.00

Elevance Health Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-29.00	-270.00	-428.00	-1,035.00	-282.00

Elevance Health 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,015 Mil.

Elevance Health (LTS:0HG8) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8931	/	42577	*	91
=	19.14

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

Elevance Health's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	35756	-	71184	+	0.75 * 8931	+	0.5 * 0
=	-28,730

Elevance Health Change In Receivables Related Terms

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Elevance Health (LTS:0HG8) Business Description

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Address

220 Virginia Avenue, Indianapolis, IN, USA, 46204

Website

https://www.elevancehealth.com

Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.

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