Axis Capital Holdings (Axis Capital Holdings) Change In Receivables : $-566 Mil (TTM As of Dec. 2023)

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What is Axis Capital Holdings Change In Receivables?

Axis Capital Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-301 Mil. It means Axis Capital Holdings's Accounts Receivable increased by $301 Mil from Sep. 2023 to Dec. 2023 .

Axis Capital Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-566 Mil. It means Axis Capital Holdings's Accounts Receivable increased by $566 Mil from Dec. 2022 to Dec. 2023 .

Axis Capital Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $9,966 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. Axis Capital Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 643.85.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Axis Capital Holdings's liquidation value for the three months ended in Dec. 2023 was $-12,207 Mil.

Axis Capital Holdings Change In Receivables Historical Data

The historical data trend for Axis Capital Holdings'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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Axis Capital Holdings Change In Receivables Chart

Axis Capital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-409.94

-710.76

-737.39

-763.26

-566.47

Axis Capital Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-711.71	-50.88	-22.80	-191.93	-300.85

Axis Capital Holdings 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-566 Mil.

Axis Capital Holdings (NYSE:AXS) 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.

Axis Capital Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9966.484	/	1412.502	*	91
=	643.85

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

Axis Capital Holdings's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5305.205	-	24987.476	+	0.75 * 9966.484	+	0.5 * 0
=	-12,207

Axis Capital Holdings Change In Receivables Related Terms

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Axis Capital Holdings (Axis Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (NYSE:AXS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

Executives

Henry B Smith	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Daniel J Draper	officer: Grp Chief Underwriting Officer	52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio	officer: CEO, Specialty Ins. and Re.	C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis	director	92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Charles A Davis	director	1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Thomas C. Ramey	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
W Marston Becker	director	C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Anne Melissa Dowling	director	9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol	officer: Chief Financial Officer & EVP	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt	director, officer: Chairman	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt	officer: EVP and CFO	1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus	director	ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler	officer: Principal Acct Off, Controller	199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick	director	C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08