Cincinnati Financial (Cincinnati Financial) Change In Receivables

: $-264 Mil (TTM As of Dec. 2023)

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Cincinnati Financial's change in receivables for the quarter that ended in Dec. 2023 was $128 Mil. It means Cincinnati Financial's Accounts Receivable declined by $128 Mil from Sep. 2023 to Dec. 2023 .

Cincinnati Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-264 Mil. It means Cincinnati Financial's Accounts Receivable increased by $264 Mil from Dec. 2022 to Dec. 2023 .

Cincinnati Financial's Accounts Receivable for the quarter that ended in Dec. 2023 was $3,243 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. Cincinnati Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 88.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cincinnati Financial's liquidation value for the three months ended in Dec. 2023 was $-3,541 Mil.

Cincinnati Financial Change In Receivables Historical Data

The historical data trend for Cincinnati Financial'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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Cincinnati Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-175.00

-23.00

-240.00

-340.00

-264.00

Cincinnati Financial 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															14.00	-229.00	-275.00	112.00	128.00

Cincinnati Financial 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 $-264 Mil.

Cincinnati Financial (NAS:CINF) 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.

Cincinnati Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3243	/	3356	*	91
=	88.18

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

Cincinnati Financial'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)
=	14698	-	20671	+	0.75 * 3243	+	0.5 * 0
=	-3,541

Cincinnati Financial Change In Receivables Related Terms

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Cincinnati Financial (Cincinnati Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (NAS:CINF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CCJ:Germany

Address

6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141

Website

https://www.cinfin.com

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

Executives

Dirk J Debbink	director	PO BOX 145496, CINCINNATI OH 45250-5496
Nancy Cunningham Benacci	director	PO BOX 145496, CINCINNATI OH 45250
Steven Anthony Soloria	officer: Senior Vice President- Sub	PO BOX 145496, CINCINNATI OH 45250
Douglas S Skidmore	director	PO BOX 145496, CINCINNATI OH 45250-5496
Thomas J Aaron	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
David P Osborn	director	P.O. BOX 145496, CINCINNATI OH 45250-5496
Charles Odell Schiff	director	PO BOX 145496, CINCINNATI OH 45250
Marc Jon Schambow	officer: SrVP/Chief Claims Officer	PO BOX 145496, CINCINNATI OH 45250
Teresa C Cracas	officer: Sr VP & Chief Risk Off. - Sub	PO BOX 145496, CINCINNATI OH 45250-5496
Angela Ossello Delaney	officer: Senior Vice President	PO BOX 145496, CINCINNATI OH 45250
Doyle Donald J Jr	officer: Sr Vice President - Subsidiary	CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Pratt Jill P. Meyer	director	PO BOX 145496, CINCINNATI OH 45250
Theresa A Hoffer	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Sean Michael Givler	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Roger A Brown	officer: Sr. Vice President-Subsidiary	PO BOX 145496, CINCINNATI OH 45250