Hippo Holdings (Hippo Holdings) Accounts Receivable : $445.2 Mil (As of Mar. 2024)

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What is Hippo Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hippo Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $445.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hippo Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 477.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hippo Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-16.48.

Hippo Holdings Accounts Receivable Historical Data

The historical data trend for Hippo Holdings'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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Hippo Holdings Accounts Receivable Chart

Hippo Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

171.20

323.40

402.50

432.10

Hippo Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial										444.80	491.50	453.90	432.10	445.20

Hippo Holdings Accounts Receivable Calculation

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

Hippo Holdings 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.

Hippo Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	445.2	/	85.1	*	91
=	477.37

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

Hippo Holdings's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(408.9	+	0.75 * 445.2	+	0.5 * 0	-	1141.5
-	0	-	3.6)	/	24.4097
=	-16.48

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.

Hippo Holdings Accounts Receivable Related Terms

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Hippo Holdings (Hippo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hippo Holdings Inc (NYSE:HIPO) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Forest Avenue, Palo Alto, CA, USA, 94301

Website

https://www.hippo.com

Hippo Holdings Inc is a home insurance group that created a new standard of care and protection for homeowners. It provides insurance for computers, home offices, electronics, appliances, water backup, and service line coverage, among others.

Executives

John Drake Nichols	director	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Mark Schaaf	director	150 FOREST AVENUE, PALO ALTO CA 94301
Anirudh Badia	officer: Chief Accounting Officer	150 FOREST AVENUE, PALO ALTO CA 94301
Yuval Harry	officer: Chief Revenue Officer	150 FOREST AVENUE, PALO ALTO CA 95624
Christopher Donahue	officer: General Manager, MGA & CUO	150 FOREST AVENUE, PALO ALTO CA 94301
Noah Knauf	director	C/O WARBURG PINCUS LLC, 450 LEXINGTON AVENUE, NEW YORK NY 10017
Sam Landman	director	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Richard Mccathron	director, officer: President	8240 N. MOPAC EXPRESSWAY, #215, AUSTIN TX 78759
Assaf Wand	director, officer: See Remarks	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Sandra S Wijnberg	director	100 E. PRATT STREET, BA-1320, BALTIMORE MD 21202
Stewart Ellis	officer: Chief Financial Officer	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Eric Feder	director	C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Ran Harpaz	officer: Chief Technology Officer	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Aviad Pinkovezky	officer: Chief Product Officer	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
Amy Errett	director	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301