The Hanover Insurance Group (The Hanover Insurance Group) Change In Receivables : $-181 Mil (TTM As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is The Hanover Insurance Group Change In Receivables?

The Hanover Insurance Group's change in receivables for the quarter that ended in Mar. 2024 was $20 Mil. It means The Hanover Insurance Group's Accounts Receivable declined by $20 Mil from Dec. 2023 to Mar. 2024 .

The Hanover Insurance Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-202 Mil. It means The Hanover Insurance Group's Accounts Receivable increased by $202 Mil from Dec. 2022 to Dec. 2023 .

The Hanover Insurance Group's Accounts Receivable for the quarter that ended in Mar. 2024 was $3,739 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. The Hanover Insurance Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 221.29.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. The Hanover Insurance Group's liquidation value for the three months ended in Mar. 2024 was $-6,037 Mil.

The Hanover Insurance Group Change In Receivables Historical Data

The historical data trend for The Hanover Insurance 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.

* Premium members only.

The Hanover Insurance Group Change In Receivables Chart

The Hanover Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

-257.80

-144.00

-156.30

-173.90

-201.90

The Hanover Insurance Group 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															-1.40	-104.60	-98.30	2.40	19.70

The Hanover Insurance 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-181 Mil.

The Hanover Insurance Group (NYSE:THG) 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.

The Hanover Insurance Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3739.3	/	1541.9	*	91
=	221.29

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

The Hanover Insurance Group'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)
=	3230.1	-	12071.4	+	0.75 * 3739.3	+	0.5 * 0
=	-6,037

The Hanover Insurance Group Change In Receivables Related Terms

Thank you for viewing the detailed overview of The Hanover Insurance Group's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hanover Insurance Group (The Hanover Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Hanover Insurance Group Inc (NYSE:THG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AF4:Germany

Address

440 Lincoln Street, Worcester, MA, USA, 01653

Website

https://www.hanover.com

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines and Other. The company operates an investment portfolio that is primarily exposed to fixed-income securities.

Executives

Jane D Carlin	director	C/O PHH CORPORATION, 3000 LEADENHALL ROAD, MT. LAUREL NJ 08054
David John Lovely	officer: Executive Vice President	440 LINCOLN STREET, WORCESTER MA 01653
Mark Joseph Welzenbach	officer: Senior Vice President	C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET (S-316), WORCESTER MA 01653
Elizabeth A Ward	director	440 LINCOLN STREET, WORCESTER MA 01653
Francisco Aristeguieta	director	388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10013
John C Roche	officer: Vice President	C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Warren E Barnes	officer: Vice President of Subsidiary	THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Richard W Lavey	officer: Vice President of Subsidiary	THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Jeffrey M Farber	officer: Executive Vice President	C/O THE HANOVER INSURANCE GROUP, 440 LINCOLN STREET, WORCESTER MA 01653
Willard T Lee	officer: Senior Vice President	440 LINCOLN STREET, WORCESTER MA 01653
Bryan J Salvatore	officer: Executive Vice President	440 LINCOLN STREET, N435, WORCESTER MA 01653
J Paul Condrin	director	440 LINCOLN STREET, WORCESTER MA 01653
Bunting Theodore H Jr	director	P. O. BOX 61000, NEW ORLEANS LA 70161
Martin P Hughes	director	C/O HUB INTERNATIONAL LIMITED, 55 EAST JACKSON BLVD, CHICAGO IL 60604
Dennis Francis Kerrigan	officer: Executive Vice President	440 LINCOLN STREET, E-10, WORCESTER MA 01653