EMC Insurance Group (EMC Insurance Group) Change In Receivables

: $-3.5 Mil (TTM As of Jun. 2019)

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EMC Insurance Group's change in receivables for the quarter that ended in Jun. 2019 was $0.7 Mil. It means EMC Insurance Group's Accounts Receivable declined by $0.7 Mil from Mar. 2019 to Jun. 2019 .

EMC Insurance Group's change in receivables for the fiscal year that ended in Dec. 2018 was $-5.7 Mil. It means EMC Insurance Group's Accounts Receivable increased by $5.7 Mil from Dec. 2017 to Dec. 2018 .

EMC Insurance Group's Accounts Receivable for the quarter that ended in Jun. 2019 was $35.5 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. EMC Insurance Group's Days Sales Outstanding for the three months ended in Jun. 2019 was 17.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. EMC Insurance Group's liquidation value for the three months ended in Jun. 2019 was $-1,083.8 Mil.

EMC Insurance Group Change In Receivables Historical Data

The historical data trend for EMC Insurance 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.

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EMC Insurance Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

2.91

-10.32

-5.71

EMC Insurance Group Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Change In Receivables																0.17	-1.52	-3.91	1.20	0.69

EMC Insurance Group 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 Jun. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.5 Mil.

EMC Insurance Group (NAS:EMCI) 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.

EMC Insurance Group's Days Sales Outstanding for the quarter that ended in Jun. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	35.533	/	186.899	*	91
=	17.35

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

EMC Insurance Group's liquidation value for the quarter that ended in Jun. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	47.133	-	1157.589	+	0.75 * 35.533	+	0.5 * 0
=	-1,083.8

EMC Insurance Group Change In Receivables Related Terms

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EMC Insurance Group (EMC Insurance Group) Business Description

Industry

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Traded in Other Exchanges

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Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

Executives