Porch Group's change in receivables for the quarter that ended in Mar. 2024 was $7.7 Mil. It means Porch Group's Accounts Receivable
declined by $7.7 Mil
from Dec. 2023 to Mar. 2024 .
Porch Group's change in receivables for the fiscal year that ended in Dec. 2023 was $162.0 Mil. It means Porch Group's Accounts Receivable
declined by $162.0 Mil
from Dec. 2022 to Dec. 2023 .
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.
Porch Group's Days Sales Outstanding for the
three
months ended in Mar. 2024 was 16.44.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Porch Group's liquidation value for the
three
months ended in Mar. 2024 was $-599.1 Mil.
Porch Group Change In Receivables Historical Data
The historical data trend for Porch 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.
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 $160.8 Mil.
* 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.
Porch Group (NAS:PRCH) 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.
Porch Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
* 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.
Porch Group Change In Receivables Related Terms
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Porch Group Inc is a vertical software company reinventing the home services and insurance industries. It has two reportable segments: The vertical Software segment provides software and services to home services companies. The Vertical Software segment has three types of customers: home services companies, such as home inspectors, mortgage companies, and loan officers, consumers, such as homebuyers and homeowners, and service providers, such as moving companies, security companies, and title companies, and The insurance segment offers various property-related insurance policies through its risk-bearing carrier, independent agency, and risk-bearing home warranty companies.
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