HCI Group (HCI Group) Accounts Receivable : $452.6 Mil (As of Dec. 2023)

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What is HCI Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HCI Group's accounts receivables for the quarter that ended in Dec. 2023 was $452.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HCI Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 253.89.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. HCI Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-38.67.

HCI Group Accounts Receivable Historical Data

The historical data trend for HCI Group's Accounts Receivable 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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HCI Group Accounts Receivable Chart

HCI Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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162.41

164.45

147.87

739.67

452.57

HCI Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															739.67	664.98	621.30	571.38	452.57

HCI Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

HCI Group Accounts Receivable 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 receivables are being managed.

HCI 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
=	452.574	/	162.657	*	91
=	253.89

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), HCI Group's accounts receivable are only considered to be worth 75% of book value:

HCI Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(770.503	+	0.75 * 452.574	+	0.5 * 0	-	1387.991
-	0	-	98.482)	/	9.73818
=	-38.67

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

HCI Group Accounts Receivable Related Terms

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HCI Group (HCI Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » HCI Group Inc (NYSE:HCI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

0H5:Germany

Address

3802 Coconut Palm Drive, Tampa, FL, USA, 33619

Website

https://www.hcigroup.com

HCI Group Inc is primarily engaged in the property and casualty insurance business through two Florida domiciled insurance companies, Homeowners Choice Property & Casualty Insurance Company (HCPCI) and TypTap Insurance Company (TypTap). Both HCPCI and TypTap are authorized to underwrite various homeowners' property and casualty insurance products and allied lines business in the state of Florida and other states. The operating segments of the group are HCPCI insurance operations, TypTap Group, Real estate operations, and Corporate and other. It derives key revenue from the HCPCI Insurance operation segment.

Executives

James Mark Harmsworth	officer: Chief Financial Officer	5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607
Lauren L Valiente	director	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Susan Watts	director	5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607
Andrew L. Graham	officer: VP/Corporate Secretary	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Robert Wayne Burks	director	1009 S STERLING AVENUE, TAMPA FL 33629
Paresh Patel	director	1520 GULF BLVD., APT. 1706, CLEARWATER FL 33767
Peter Politis	director	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Gregory Politis	director	965 SOUTH BAYSHORE BLVD., SAFETY HARBOR FL 34695
Eric Brandon Hoffman	director	C/O INTREPID GROUP HOLDINGS, LLC, ONE STAMFORD PLAZA, 263 TRESSER BLVD., STAMFORD CT 06901
George Apostolou	director	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Anthony Saravanos	director	3802 COCONUT PALM DRIVE, TAMPA FL 33619
Karin Sue Coleman	officer: Executive Vice President	5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607
James J Macchiarola	director	3671 EXECUTIVE DRIVE, PALM HARBOR FL 34685
Loreen M Spencer	director	5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607
Harish M Patel	director	7620 PARADISE POINT CIRCLE SOUTH, ST. PETERSBURG FL 33711