Assurant (LTS:0HIN) Change In Receivables : $398 Mil (TTM As of Mar. 2024)

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What is Assurant Change In Receivables?

Assurant's change in receivables for the quarter that ended in Mar. 2024 was $359 Mil. It means Assurant's Accounts Receivable declined by $359 Mil from Dec. 2023 to Mar. 2024 .

Assurant's change in receivables for the fiscal year that ended in Dec. 2023 was $466 Mil. It means Assurant's Accounts Receivable declined by $466 Mil from Dec. 2022 to Dec. 2023 .

Assurant's Accounts Receivable for the quarter that ended in Mar. 2024 was $8,592 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. Assurant's Days Sales Outstanding for the three months ended in Mar. 2024 was 272.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Assurant's liquidation value for the three months ended in Mar. 2024 was $-13,173 Mil.

Assurant Change In Receivables Historical Data

The historical data trend for Assurant'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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Assurant Change In Receivables Chart

Assurant Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-448.70

-39.30

-871.10

-1,275.10

466.20

Assurant 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															427.50	31.80	-118.10	125.00	358.80

Assurant 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 $398 Mil.

Assurant (LTS:0HIN) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8591.8	/	2880.1	*	91
=	272.21

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

Assurant'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)
=	8688.8	-	28305.4	+	0.75 * 8591.8	+	0.5 * 0
=	-13,173

Assurant Change In Receivables Related Terms

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Assurant (LTS:0HIN) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assurant Inc (LTS:0HIN) » Definitions » Change In Receivables

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Address

260 Interstate North Circle SE, Atlanta, GA, USA, 30339

Website

https://www.assurant.com

Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global Lifestyle, Corporate and Other. Global Housing provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle, the key revenue-generating segment, provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.

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