Progressive (BSP:P1GR34) Change In Receivables : R$-4,493 Mil (TTM As of Dec. 2023)

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What is Progressive Change In Receivables?

Progressive's change in receivables for the quarter that ended in Dec. 2023 was R$3,367 Mil. It means Progressive's Accounts Receivable declined by R$3,367 Mil from Sep. 2023 to Dec. 2023 .

Progressive's change in receivables for the fiscal year that ended in Dec. 2023 was R$-3,935 Mil. It means Progressive's Accounts Receivable increased by R$3,935 Mil from Dec. 2022 to Dec. 2023 .

Progressive's Accounts Receivable for the quarter that ended in Dec. 2023 was R$83,552 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. Progressive's Days Sales Outstanding for the three months ended in Dec. 2023 was 92.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Progressive's liquidation value for the three months ended in Dec. 2023 was R$32,478 Mil.

Progressive Change In Receivables Historical Data

The historical data trend for Progressive'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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Progressive Change In Receivables Chart

Progressive Annual Data

Trend

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Dec23

Change In Receivables

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-6,948.92

-6,653.64

-9,361.69

-9,803.65

-3,935.03

Progressive 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															-9,264.02	1,152.27	251.87	3,366.65	-

Progressive 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 R$-4,493 Mil.

Progressive (BSP:P1GR34) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	83551.88	/	82727.243	*	91
=	92.16

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

Progressive'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)
=	305027.249	-	335213.447	+	0.75 * 83551.88	+	0.5 * 0
=	32,478

Progressive Change In Receivables Related Terms

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Progressive (BSP:P1GR34) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (BSP:P1GR34) » Definitions » Change In Receivables

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Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has about 18 million personal auto policies in force and is one of the largest auto insurers in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

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