WellCare Health Plans (WellCare Health Plans) Change In Receivables : $-428 Mil (TTM As of Sep. 2019)

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What is WellCare Health Plans Change In Receivables?

WellCare Health Plans's change in receivables for the quarter that ended in Sep. 2019 was $-148 Mil. It means WellCare Health Plans's Accounts Receivable increased by $148 Mil from Jun. 2019 to Sep. 2019 .

WellCare Health Plans's change in receivables for the fiscal year that ended in Dec. 2018 was $-505 Mil. It means WellCare Health Plans's Accounts Receivable increased by $505 Mil from Dec. 2017 to Dec. 2018 .

WellCare Health Plans's Accounts Receivable for the quarter that ended in Sep. 2019 was $2,180 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. WellCare Health Plans's Days Sales Outstanding for the three months ended in Sep. 2019 was 27.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. WellCare Health Plans's liquidation value for the three months ended in Sep. 2019 was $-3,721 Mil.

WellCare Health Plans Change In Receivables Historical Data

The historical data trend for WellCare Health Plans'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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WellCare Health Plans Change In Receivables Chart

WellCare Health Plans Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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-207.40

97.90

69.70

92.30

-504.60

WellCare Health Plans Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Change In Receivables	Get a 7-Day Free Trial															66.50	-221.80	-437.90	379.70	-148.20

WellCare Health Plans 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 Sep. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-428 Mil.

WellCare Health Plans (NYSE:WCG) 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.

WellCare Health Plans's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2180	/	7140.2	*	91
=	27.86

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

WellCare Health Plans's liquidation value for the quarter that ended in Sep. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3649.1	-	9005.3	+	0.75 * 2180	+	0.5 * 0
=	-3,721

WellCare Health Plans Change In Receivables Related Terms

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WellCare Health Plans (WellCare Health Plans) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » WellCare Health Plans Inc (NYSE:WCG) » Definitions » Change In Receivables

Comparable Companies

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Traded in Other Exchanges

N/A

Address

8735 Henderson Road, Renaissance One, Tampa, FL, USA, 33634

Website

http://www.wellcare.com

WellCare Health Plans Inc is a managed care organization focused on government-sponsored managed care services, including Medicare and Medicaid. WellCare's membership is concentrated in Florida, Georgia, Kentucky, New York, and Illinois. Its key segments are Medicaid health plans, Medicare health plans, and Medicare prescription drug plans. Medicaid health plans represent the largest proportion of both total membership and premium revenue. The Medicaid segment generates revenue from the premiums received from the states in which health plans are offered, based on a fixed per-member per-month amount. WellCare also provides Medicare Part C and Part D benefits through its Medicare Advantage plans.

Executives

William L Trubeck	director	ONE H&R BLOCK WAY, KANSAS CITY MO 64105
H James Dallas	director	127 PUBLIC SQUARE, CLEVELAND OH 44114
Kenneth A Burdick	director, officer: Chief Executive Officer	6705 ROCKLEDGE DR, SUITE 900, BETHESDA MD 20817
Anat Hakim	officer: EVP, General Counsel/Secretary	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Paul E Weaver	director	C/O GATEWAY, INC., 7565 IRVINE CENTER DRIVE, IRVINE CA 92618
Steele Glenn Jr Md Phd	director	250 TECHNOLOGY PARK, LAKE MARY FL 32746-6232
Carol Burt	director	C/O WELLCARE HEALTH PLANS, INC., 8725 HENDERSON ROAD, TAMPA FL 33634
Roel C Campos	director	509 WEST BUTLER ROAD, GREENVILLE SC 29607
Maurice Hebert	officer: Chief Accounting Officer	C/O WELLCARE HEALTH PLANS, INC., 8735 HENDERSON ROAD, TAMPA FL 33634
David J Gallitano	director	3552 CHURCH ROAD, ELLICOTT CITY MD 21043
Thomas L Tran	officer: Chief Financial Officer	8735 HENDERSON ROAD, TAMPA FL 33625
Lisa G Iglesias	officer: SVP, General Counsel	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Lucinda M. Baily	officer: Chief Compliance Officer	10910 DOMAIN DRIVE, SUITE 300, AUSTIN TX 78758
Walter W. Cooper	officer: Chief Administrative Officer	8725 HENDERSON ROAD, REN. 1, TAMPA FL 33634
Charles Berg	other: Former Director	48 MONROE TURNPIKE, TRUMBULL CT 06611