Mercury General (Mercury General) Change In Receivables : $-111 Mil (TTM As of Mar. 2024)

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What is Mercury General Change In Receivables?

Mercury General's change in receivables for the quarter that ended in Mar. 2024 was $-73 Mil. It means Mercury General's Accounts Receivable increased by $73 Mil from Dec. 2023 to Mar. 2024 .

Mercury General's change in receivables for the fiscal year that ended in Dec. 2023 was $-42 Mil. It means Mercury General's Accounts Receivable increased by $42 Mil from Dec. 2022 to Dec. 2023 .

Mercury General's Accounts Receivable for the quarter that ended in Mar. 2024 was $707 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. Mercury General's Days Sales Outstanding for the three months ended in Mar. 2024 was 50.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mercury General's liquidation value for the three months ended in Mar. 2024 was $-4,569 Mil.

Mercury General Change In Receivables Historical Data

The historical data trend for Mercury General'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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Mercury General Change In Receivables Chart

Mercury General Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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92.48

44.07

-23.18

68.74

-41.67

Mercury General Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-3.75	-17.00	-33.44	12.53	-72.97

Mercury General 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 $-111 Mil.

Mercury General (NYSE:MCY) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	706.637	/	1274.085	*	91
=	50.61

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

Mercury General'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)
=	692.551	-	5791.941	+	0.75 * 706.637	+	0.5 * 0
=	-4,569

Mercury General Change In Receivables Related Terms

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Mercury General (Mercury General) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (NYSE:MCY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MCG:Germany

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.

Executives

Joshua Eric Little	director	192 E 200 N, THIRD FLOOR, ST. GEORGE UT 84770
Wei Pang	officer: VP/Chief Technology Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Mark Allan Ribisi	officer: President of AIS,subsidiary	16969 VON KARMAN AVE., IRVINE CA 92606
Katelyn Marie Gibbs	officer: VP/Chief Experience Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Kelly Lynn Butler	officer: VP/Chief Underwriting Officer	1700 GREENBRIAR LANE, BREA CA 92821
Joseph Vicky Wai Yee	director	4484 WILSHIRE BLVD., LOS ANGELES CA 90010
George Joseph	director, officer: Chairman of the Board	4484 WILSHIRE BLVD, LOS ANGELES CA 90010
George Gwyer Braunegg	director	6121 SHENANDOAH AVE., LOS ANGELES CA 90010
Abby Hosseini	officer: VP/Chief Information Officer	555 W. IMPERIAL HIGHWAY, BREA CA 92821
Brandt Minnich	officer: Vice President, Marketing	1700 GREENBRIAR LANE, BREA CA 92821
Gabriel Tirador	officer: President, other: Director
Charles Toney	officer: Vice President
Jeffrey Michael Schroeder	officer: VP/Chief Product Officer	1700 GREENBRIAR LANE, BREA CA 92821
Mike Curtius	director
Ramona L Cappello	director	4600 SLEEPYTIME DR, BOULDER CO 80301