Maiden Holdings (Maiden Holdings) Accounts Receivable

: $576.78 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Maiden Holdings's accounts receivables for the quarter that ended in Dec. 2023 was $576.78 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Maiden Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 2,591.65.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Maiden Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.91.

Maiden Holdings Accounts Receivable Historical Data

The historical data trend for Maiden 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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Maiden Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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635.60

598.35

582.35

566.82

576.78

Maiden Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															566.82	562.92	572.76	569.19	576.78

Maiden Holdings Accounts Receivable Calculation

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

Maiden 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.

Maiden 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
=	576.781	/	20.308	*	91
=	2,591.65

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

Maiden Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(243.836	+	0.75 * 576.781	+	0.5 * 0	-	1269.774
-	0	-	0)	/	100.472
=	-5.91

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.

Maiden Holdings Accounts Receivable Related Terms

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Maiden Holdings (Maiden Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Maiden Holdings Ltd (NAS:MHLD) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

94 Pitts Bay Road, Ideation House, 1st Floor, Pembroke, BMU, HM 08

Website

https://www.maiden.bm

Maiden Holdings Ltd provides reinsurance products and services to regional and specialty property and casualty insurers. The company operates in two segments: AmTrust Reinsurance and Diversified Reinsurance. The AmTrust Reinsurance segment provides products that cover workers' compensation, commercial package, commercial auto, and extended warranty. The Diversified Reinsurance segment provides small and midsize regional and specialty insurers with reinsurance capital products. The company has underwriting operations in Bermuda and the United States, along with business development teams in the United Kingdom, Germany, and other markets.

Executives

Yehuda Neuberger	director	6201 15TH AVENUE, BROOKLYN NY 11219
Keith A Thomas	director	605 WEST 137TH STREET, APT. 35, NEW YORK NY 10031
Maiden Reinsurance Ltd	10 percent owner	159 BANK STREET, 4TH FLOOR, BURLINGTON VT 05401
Maiden Holdings North America, Ltd.	10 percent owner	6000 MIDLANTIC DRIVE, SUITE 200S, MOUNT LAUREL NJ 08054
Maiden Holdings, Ltd.	10 percent owner	48 PAR-LA-VILLE ROAD, SUITE 1141, HAMILTON D0 -HM 11
Steven Harold Nigro	director	445 FIFTH AVENUE, NEW YORK NY 10016
Simcha G Lyons	director	225 WEST 83RD STREET, APT 3Q, NEW YORK NY 10024
Claude Leblanc	director	ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Paul S Giordano	director	C/O XL CAPITAL LTD, XL HOUSE, ONE BERMUDIANA RD, HAMILTON BERMUDA D0 HMII
Denis M Butkovic	officer: SVP, General Counsel & Secty	13 ELLIS COURT, MORGANVILLE X1 07751
Raymond Michael Neff	director	PO BOX 460, SARASOTA FL 34230
Holly Lynn Blanchard	director	1952 COUNTY ROAD C, CERESCO NE 68017
William Jarman	officer: SVP & Chief Actuary	224 COUNTRY CLUB DRIVE, MOORESTOWN X1 08057
Michael C Haines	officer: SVP - Finance	701 ROUTE 301, P.O. BOX 320, COLD SPRING X1 10516
Karen Schmitt	officer: PRESIDENT, MAIDEN RE	6000 MIDLANTIC DRIVE, MT LAUREL NJ 08054