Clover Health Investments (STU:7QD) Change In Receivables : €525 Mil (TTM As of Mar. 2024)

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What is Clover Health Investments Change In Receivables?

Clover Health Investments's change in receivables for the quarter that ended in Mar. 2024 was €-68 Mil. It means Clover Health Investments's Accounts Receivable increased by €68 Mil from Dec. 2023 to Mar. 2024 .

Clover Health Investments's change in receivables for the fiscal year that ended in Dec. 2023 was €49 Mil. It means Clover Health Investments's Accounts Receivable declined by €49 Mil from Dec. 2022 to Dec. 2023 .

Clover Health Investments's Accounts Receivable for the quarter that ended in Mar. 2024 was €0 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. Clover Health Investments's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Clover Health Investments's liquidation value for the three months ended in Mar. 2024 was €-33 Mil.

Clover Health Investments Change In Receivables Historical Data

The historical data trend for Clover Health Investments'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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Clover Health Investments Change In Receivables Chart

Clover Health Investments Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

54.68

-32.81

-21.75

-54.57

49.26

Clover Health Investments Quarterly Data
	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													-550.55	577.22	-14.14	30.15	-68.17

Clover Health Investments 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 €525 Mil.

Clover Health Investments (STU:7QD) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	319.168	*	91
=	0.00

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

Clover Health Investments'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)
=	315.646	-	348.952	+	0.75 * 0	+	0.5 * 0
=	-33

Clover Health Investments Change In Receivables Related Terms

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Clover Health Investments (STU:7QD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Clover Health Investments Corp (STU:7QD) » Definitions » Change In Receivables

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Traded in Other Exchanges

CLOV:USA

Address

3401 Mallory Lane, Suite 210, Franklin, TN, USA, 37067

Website

https://www.cloverhealth.com

Clover Health Investments Corp is a healthcare technology company. It uses its proprietary technology platform to collect, structure, & analyze health & behavioral data to improve medical outcomes & lower costs for patients. The Group has two operating segments. The insurance segment provides PPO(Preferred provider Organization) & HMO(Health Maintenance Organization) plans to Medicare Advantage members in several states & seeks to improve care & lower costs which generally provide access to a wide network of primary care providers, specialists, & hospitals. Non-insurance segment includes the Company's operations relating to CMS' DC (Direct Contracting) Model, which provides options aimed at reducing expenditures & preserving or enhancing the quality of care for beneficiaries.

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