Argo Group International Holdings (Argo Group International Holdings) Change In Receivables : $824 Mil (TTM As of Sep. 2023)

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What is Argo Group International Holdings Change In Receivables?

Argo Group International Holdings's change in receivables for the quarter that ended in Sep. 2023 was $61 Mil. It means Argo Group International Holdings's Accounts Receivable declined by $61 Mil from Jun. 2023 to Sep. 2023 .

Argo Group International Holdings's change in receivables for the fiscal year that ended in Dec. 2022 was $-194 Mil. It means Argo Group International Holdings's Accounts Receivable increased by $194 Mil from Dec. 2021 to Dec. 2022 .

Argo Group International Holdings's Accounts Receivable for the quarter that ended in Sep. 2023 was $3,159 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. Argo Group International Holdings's Days Sales Outstanding for the three months ended in Sep. 2023 was 755.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Argo Group International Holdings's liquidation value for the three months ended in Sep. 2023 was $-1,074 Mil.

Argo Group International Holdings Change In Receivables Historical Data

The historical data trend for Argo Group International Holdings'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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Argo Group International Holdings Change In Receivables Chart

Argo Group International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-558.30

-455.10

84.80

47.40

-193.60

Argo Group International Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															-113.70	80.60	613.80	68.20	61.40

Argo Group International Holdings 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $824 Mil.

Argo Group International Holdings (NYSE:ARGO) 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.

Argo Group International Holdings's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3159.3	/	381.5	*	91
=	755.66

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

Argo Group International Holdings's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	3824.3	-	7268.2	+	0.75 * 3159.3	+	0.5 * 0
=	-1,074

Argo Group International Holdings Change In Receivables Related Terms

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Argo Group International Holdings (Argo Group International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Argo Group International Holdings Ltd (NYSE:ARGO) » Definitions » Change In Receivables

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Traded in Other Exchanges

ARGOpA.PFD:USA

Address

501 7th Avenue, 7th Floor, New York, NY, USA, 10018

Website

https://www.argolimited.com

Argo Group International Holdings Inc formerly Argo Group International Holdings Ltd is a property and casualty insurance company. It has two reportable segments which are U.S. Operations and International Operations. The U.S. Operations segment is comprised of two primary operating divisions, Excess and Surplus Lines and Specialty Admitted, while International Operations' primary operating divisions are Syndicate 1200, Reinsurance, and Argo Insurance Bermuda. The vast majority of revenue generation occurs within the excess and surplus lines segment, which underwrites casualty, property, and professional liability coverage for various clients. Argo generates the majority of its revenue in the United States, followed by the United Kingdom and Bermuda.

Executives

Jessica E. Snyder	officer: President, U.S. Insurance	ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY RD., PEMBROKE D0 HM08
J Daniel Plants	director	ONE EMBARCADERO CENTER, SUITE 1140, SAN FRANCISCO CA 94111
Susan Comparato	officer: Chief Administrative Officer	ARGO GROUP INTERNATIONAL HOLDINGS, LTD., 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Scott Kirk	officer: Chief Financial Officer	C/O ARGO GROUP INTERNATIONAL HOLDINGS,, LTD. 90 PITTS BAY ROAD, PEMBROKE D0 HM 08
Andrew Marshall Borst	officer: Chief Administrative Officer	175 E. HOUSTON ST., SUITE 1300, SAN ANTONIO TX 78205
Allison Kiene	officer: SVP, General Counsel	C/OARGO GROUP INTERNATIONAL HOLDINGS,LTD, 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kevin James Rehnberg	officer: President, U.S. Operations	C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Thomas A Bradley	director	199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Timothy D Carter	officer: Chief Underwriting Officer	C/O ARGO GROUP 110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Fred Robert Donner	director	GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Bernard C Bailey	director
Samuel G Liss	director	VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
Carol A. Mcfate	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jay Stanley Bullock	officer: Chief Financial Officer	110 PITTS BAY ROAD, PEMBROKE D0 HM 08
Kathleen Nealon	director	P.O. BOX 1282, HAMILTON D0 HM08