SelectQuote (SelectQuote) Accounts Receivable : $253 Mil (As of Mar. 2024)

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What is SelectQuote Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. SelectQuote's accounts receivables for the quarter that ended in Mar. 2024 was $253 Mil.

Accounts receivable can be measured by Days Sales Outstanding. SelectQuote's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 61.35.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. SelectQuote's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.96.

SelectQuote Accounts Receivable Historical Data

The historical data trend for SelectQuote'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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SelectQuote Accounts Receivable Chart

SelectQuote Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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59.83

83.63

103.36

129.75

154.57

SelectQuote Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															211.69	154.57	115.87	142.59	253.08

SelectQuote Accounts Receivable Calculation

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

SelectQuote 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	253.083	/	376.4	*	91
=	61.35

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

SelectQuote'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)
=	(37.808	+	0.75 * 253.083	+	0.5 * 0	-	898.334
-	0	-	0)	/	169.159
=	-3.96

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.

SelectQuote Accounts Receivable Related Terms

Thank you for viewing the detailed overview of SelectQuote's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

SelectQuote (SelectQuote) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SelectQuote Inc (NYSE:SLQT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

6SJA:Germany

Address

6800 West 115th Street, Suite 2511, Overland Park, KS, USA, 66211

Website

http://www.selectquote.com

SelectQuote Inc is a Direct-to-consumer (DTC) distribution platform which facilitates consumers to shop for health, life and auto & home insurance policies online. The company generates its revenues by selling insurance products on behalf of the insurance carrier partners in the form of commission. It functions through three lines namely, SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home.

Executives

Joshua Brandon Matthews	officer: President, SelectQuote Senior	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Grant W Thomas Ii	director	PO BOX 419248, KANSAS CITY MO 64141-6248
Grant William Thomas Iii	officer: CHIEF OPERATING OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Robert Clay Grant	officer: PRESIDENT, SELECTQUOTE SENIOR	6800 W 115TH STREET, SUITE 2511, PARK KS 66211
Sarah Taylor Anderson	officer: (See Remarks)	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Timothy Robert Danker	director, officer: CHIEF EXECUTIVE OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Hawks Donald L Iii	director	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Raymond F Weldon	director	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Matthew Scott Gunter	officer: See Remarks	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Stephanie D. Fisher	officer: Chief Accounting Officer	10990 ROE AVENUE, OVERLAND PARK KS 66211
Ryan Moore Clement	officer: See Remarks	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Kristin Gibbar	officer: Chief Human Resources Officer	6800 W. 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Devanny Earl H Iii	director	CERNER CORP, 2800 ROCKCREEK PARKWAY, KANSAS CITY MO 64117-1593
Denise L Devine	director	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Raffaele Sadun	officer: CHIEF FINANCIAL OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211