M.D.C. Holdings (M.D.C. Holdings) Change In Receivables

: $22 Mil (TTM As of Dec. 2023)

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M.D.C. Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-23 Mil. It means M.D.C. Holdings's Accounts Receivable increased by $23 Mil from Sep. 2023 to Dec. 2023 .

M.D.C. Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $22 Mil. It means M.D.C. Holdings's Accounts Receivable declined by $22 Mil from Dec. 2022 to Dec. 2023 .

M.D.C. Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $119 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. M.D.C. Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 8.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. M.D.C. Holdings's liquidation value for the three months ended in Dec. 2023 was $1,204 Mil.

M.D.C. Holdings Change In Receivables Historical Data

The historical data trend for M.D.C. 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.

* Premium members only.

M.D.C. Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-13.00

-12.82

-25.33

-21.78

21.99

M.D.C. 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																-2.46	55.87	1.35	-12.24	-22.99

M.D.C. 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 $22 Mil.

M.D.C. Holdings (NYSE:MDC) 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.

M.D.C. 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
=	119.004	/	1346.456	*	91
=	8.06

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

M.D.C. 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)
=	1717.053	-	2253.2	+	0.75 * 119.004	+	0.5 * 3301.046
=	1,204

M.D.C. Holdings Change In Receivables Related Terms

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M.D.C. Holdings (M.D.C. Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M.D.C. Holdings Inc (NYSE:MDC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MDH:Germany

Address

4350 South Monaco Street, Suite 500, Denver, CO, USA, 80237

Website

http://www.mdcholdings.com

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

Executives

David E Blackford	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Reece Paris G Iii	officer: Exec. Vice Pres and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Robert Nathaniel Martin	officer: SVP and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Larry A Mizel	10 percent owner	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael A Berman	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Raymond T Baker	director	2401 21ST AVENUE SOUTH, NASHVILLE TN 37212
David D Mandarich	director, officer: President, COO and Director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Herbert T Buchwald	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Derek R Kimmerle	officer: Chief Accounting Officer	31475 UPPER BEAR CREEK ROAD, EVERGREEN CO 80439
Rafay Farooqui	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael L. Kaplan	officer: Sr. VP and General Counsel	M.D.C. HOLDINGS, INC., 4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
David Siegel	director	4350 SOUTH MONACO STREET, SUITE 500, DENVER CO 80237
Janice Sinden	director	828 FAIRFAX STREET, DENVER CO 80220
Mizel Courtney L.	director	9301 SAWYER STREET, LOS ANGELES CA 90035
Leslie B Fox	director	5511 E. CARON STREET, PARADISE VALLEY AZ 85253