Admiral Group (Admiral Group) Change In Receivables : $-120 Mil (TTM As of Dec. 2023)

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What is Admiral Group Change In Receivables?

Admiral Group's change in receivables for the quarter that ended in Dec. 2023 was $-48 Mil. It means Admiral Group's Accounts Receivable increased by $48 Mil from Jun. 2023 to Dec. 2023 .

Admiral Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-120 Mil. It means Admiral Group's Accounts Receivable increased by $120 Mil from Dec. 2022 to Dec. 2023 .

Admiral Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $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. Admiral Group's Days Sales Outstanding for the six months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Admiral Group's liquidation value for the six months ended in Dec. 2023 was $-3,751 Mil.

Admiral Group Change In Receivables Historical Data

The historical data trend for Admiral 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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Admiral Group Change In Receivables Chart

Admiral Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-192.66

33.74

-12.23

91.47

-119.87

Admiral Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial															18.62	73.15	19.12	-71.72	-47.98

Admiral 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 semi-annually data reported by the company within the most recent 12 months, which was $-120 Mil.

Admiral Group (OTCPK:AMIGF) 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.

Admiral 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
=	0	/	2231.392	*	91
=	0.00

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

Admiral 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)
=	3974.81	-	7725.823	+	0.75 * 0	+	0.5 * 0
=	-3,751

Admiral Group Change In Receivables Related Terms

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Admiral Group (Admiral Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (OTCPK:AMIGF) » Definitions » Change In Receivables

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Traded in Other Exchanges

AMIGY:USA ADMl:UK ADM:UK FLN:Germany

Address

David Street, Ty Admiral, Cardiff, GBR, CF10 2EH

Website

https://www.admiralgroup.co.uk

Admiral is a personal lines insurance company that operates predominantly in the United Kingdom. The business is mainly a motor insurer, with U.K. motor and international cars accounting for the majority of Admiral's gross written premium. The business also has a nascent but growing U.K. household insurance division. Admiral was established in 1993 to sell motor insurance to nonstandard risk policyholders. These nonstandard risks included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years, Admiral has continued to expand its wheelhouse of nonstandard risk selection.

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