Ambac Financial Group (Ambac Financial Group) Change In Receivables : $-21.0 Mil (TTM As of Dec. 2023)

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What is Ambac Financial Group Change In Receivables?

Ambac Financial Group's change in receivables for the quarter that ended in Dec. 2023 was $-13.0 Mil. It means Ambac Financial Group's Accounts Receivable increased by $13.0 Mil from Sep. 2023 to Dec. 2023 .

Ambac Financial Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-21.0 Mil. It means Ambac Financial Group's Accounts Receivable increased by $21.0 Mil from Dec. 2022 to Dec. 2023 .

Ambac Financial Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $622.0 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. Ambac Financial Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 777.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ambac Financial Group's liquidation value for the three months ended in Dec. 2023 was $-4,286.5 Mil.

Ambac Financial Group Change In Receivables Historical Data

The historical data trend for Ambac Financial Group'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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Ambac Financial Group Change In Receivables Chart

Ambac Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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77.00

44.00

48.00

54.00

-21.00

Ambac Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-3.00	-3.00	-4.00	-1.00	-13.00

Ambac Financial Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21.0 Mil.

Ambac Financial Group (NYSE:AMBC) 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.

Ambac Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	622	/	73	*	91
=	777.50

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

Ambac Financial Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	2243	-	6996	+	0.75 * 622	+	0.5 * 0
=	-4,286.5

Ambac Financial Group Change In Receivables Related Terms

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Ambac Financial Group (Ambac Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ambac Financial Group Inc (NYSE:AMBC) » Definitions » Change In Receivables

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Traded in Other Exchanges

FGPN:Germany FGPN:Germany

Address

One World Trade Center, New York, NY, USA, 10007

Website

https://www.ambac.com

Ambac Financial Group Incis a financial services holding company. The business operations of the company include Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. The Company has three reportable segments namely Legacy Financial Guarantee Insurance, Specialty Property and Casualty Insurance and Insurance Distribution. Majority of revenues are earned from Legacy Financial Guarantee Insurance segment.

Executives

Claude Leblanc	director, officer: Chief Executive Officer	ONE BERMUDIANA ROAD, HAMILTON D0 HM 11
Kristi Ann Matus	director	C/O EQUITABLE HOLDINGS, INC., 1290 AVENUE OF THE AMERICAS, NEW YORK NY 10104
Michael D Price	director	67 ORCHARD DRIVE, NEW CANAAN CT 06840
C James Prieur	director
Lisa G Iglesias	director	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
David Trick	officer: Sr. MD., CFO & Treasurer	AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Daniel Mcginnis	officer: Sr. MD & COO	C/O AMBAC FINANCIAL GROUP, INC., ONE WORLD TRADE CENTER, 41ST FLOOR, NEW YORK NY 10007
R Sharon Smith	officer: Senior Managing Director	ONE STATE STREET PLAZA, NEW YORK NY 10004
Robert Bryan Eisman	officer: Sr. MD & CAO	AMBAC FINANCIAL GROUP INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Jeffrey Scott Stein	director	601 TRAVIS, SUITE 1400, HOUSTON TX 77002
Stephen Michael Ksenak	officer: Sr. MD & General Counsel	AMBAC FINANCIAL GROUP, INC., ONE STATE STREET PLAZA, NEW YORK NY 10004
Joan M Lammtennant	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
David Barranco	officer: Senior Managing Director	C/O AMBAC FINANCIAL GROUP INC, ONE STATE STREET PLAZA, NEW YORK NY 10004
Tavakoli Nader	director	551 FIFTH AVE 334TH FL, NEW YORK NY 10176
Alexander David Greene	director	3200 INDUSTRIAL PARK ROAD, VAN BUREN AR 72956