NMI Holdings (NMI Holdings) Change In Receivables : $-12.7 Mil (TTM As of Dec. 2023)

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What is NMI Holdings Change In Receivables?

NMI Holdings's change in receivables for the quarter that ended in Dec. 2023 was $-4.6 Mil. It means NMI Holdings's Accounts Receivable increased by $4.6 Mil from Sep. 2023 to Dec. 2023 .

NMI Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-12.7 Mil. It means NMI Holdings's Accounts Receivable increased by $12.7 Mil from Dec. 2022 to Dec. 2023 .

NMI Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $104.0 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. NMI Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 62.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NMI Holdings's liquidation value for the three months ended in Dec. 2023 was $-603.2 Mil.

NMI Holdings Change In Receivables Historical Data

The historical data trend for NMI 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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NMI Holdings Change In Receivables Chart

NMI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-12.02

-16.36

-13.29

-10.59

-12.70

NMI Holdings 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															-4.31	-2.41	-2.71	-2.95	-4.63

NMI 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-12.7 Mil.

NMI Holdings (NAS:NMIH) 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.

NMI Holdings's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	103.97	/	151.38	*	91
=	62.67

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

NMI Holdings'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)
=	333.291	-	1014.503	+	0.75 * 103.97	+	0.5 * 0
=	-603.2

NMI Holdings Change In Receivables Related Terms

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NMI Holdings (NMI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NMI Holdings Inc (NAS:NMIH) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2100 Powell Street, Emeryville, CA, USA, 94608

Website

https://www.nationalmi.com

NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans, and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.

Executives

Bradley M Shuster	director, officer: President and CEO	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
James G Jones	director	C/O NMI HOLDINGS, INC., 2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Robert Owen Smith	officer: EVP, Chief Risk Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
John C Erickson	director	1515 WEST 190TH STREET, SUITE 275, GARDENA CA 90248
Michael Curry Montgomery	director	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Mohammad Nawaz Yousaf	officer: EVP, Operations & Info. Tech.	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Nicholas Daniel Realmuto	officer: VP, Controller	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Patrick L Mathis	officer: EVP, Chief Risk Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Norman Peter Fitzgerald	officer: EVP, Chief Sales Officer	2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Ravi Mallela	officer: Chief Financial Officer	C/O NMI HOLDINGS, INC. (NATIONAL MI), 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Julie Norberg	officer: Vice President, Controller	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
William J Leatherberry	officer: EVP, General Counsel	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608
Claudia J Merkle	officer: EVP, Chief Insurance Officer	C/O NMI HOLDINGS, INC., 2100 POWELL ST., 12TH FLOOR, EMERYVILLE CA 94608
Priya Cherian Huskins	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Adam Pollitzer	officer: EVP, Chief Financial Officer	2100 POWELL STREET, 12TH FLOOR, EMERYVILLE CA 94608