Abacus Life (Abacus Life) Change In Receivables : $-2.62 Mil (TTM As of Mar. 2024)

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What is Abacus Life Change In Receivables?

Abacus Life's change in receivables for the quarter that ended in Mar. 2024 was $-0.51 Mil. It means Abacus Life's Accounts Receivable increased by $0.51 Mil from Dec. 2023 to Mar. 2024 .

Abacus Life's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.99 Mil. It means Abacus Life's Accounts Receivable increased by $1.99 Mil from Dec. 2022 to Dec. 2023 .

Abacus Life's Accounts Receivable for the quarter that ended in Mar. 2024 was $2.74 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. Abacus Life's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Abacus Life's liquidation value for the three months ended in Mar. 2024 was $-140.54 Mil.

Abacus Life Change In Receivables Historical Data

The historical data trend for Abacus Life'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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Abacus Life Change In Receivables Chart

Abacus Life Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.09

-0.50

-0.14

-1.99

Abacus Life Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial							0.12	0.38	-1.40	-1.09	-0.51

Abacus Life 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.62 Mil.

Abacus Life (NAS:ABL) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.736	/	21.487	*	91
=	11.62

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

Abacus Life's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	68.79	-	211.379	+	0.75 * 2.736	+	0.5 * 0
=	-140.54

Abacus Life Change In Receivables Related Terms

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Abacus Life (Abacus Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abacus Life Inc (NAS:ABL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2101 Park Center Drive, Suite 170, Orlando, FL, USA, 32835

Website

https://www.abacuslife.com

Abacus Life Inc is a vertically integrated alternative asset manager specializing in investing in life insurance products throughout the lifecycle of a life insurance policy.

Executives

Adam Samuel Gusky	officer: Chief Investment Officer	RAND CAPITAL CORPORATION, 14 LAFAYETTE SQUARE, SUITE 2200, BUFFALO NY 14203
Sean Mcnealy	director, 10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mary Beth Schulte	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Van Katwijk Cornelis Michiel	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Jay J Jackson	director, officer: Chief Executive Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Mccauley William Hugh Jr	officer: Chief Financial Officer	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Asset Management, Llc	10 percent owner	777 NW BEACON SQUARE BLVD., BOCA RATON FL 33487
Corbett Thomas Wingett Jr	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Kevin Scott Kirby	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Matthew Ganovsky	10 percent owner, officer: Co-Founder and President	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
Karla Radka	director	2101 PARK CENTER DRIVE, #170, ORLANDO FL 32835
East Sponsor, Llc	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Terrence M. Pegula	10 percent owner	C/O EAST RESOURCES ACQUISITION COMPANY, 7777 NW BEACON SQUARE BOULEVARD, BOCA RATON FL 33487
Alberta Investment Management Corp	10 percent owner	1600-10250 101 STREET NW, EDMONTON A0 T5J 3P4
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116