Corebridge Financial (Corebridge Financial) Change In Receivables : $-116 Mil (TTM As of Dec. 2023)

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What is Corebridge Financial Change In Receivables?

Corebridge Financial's change in receivables for the quarter that ended in Dec. 2023 was $-679 Mil. It means Corebridge Financial's Accounts Receivable increased by $679 Mil from Sep. 2023 to Dec. 2023 .

Corebridge Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-116 Mil. It means Corebridge Financial's Accounts Receivable increased by $116 Mil from Dec. 2022 to Dec. 2023 .

Corebridge Financial's Accounts Receivable for the quarter that ended in Dec. 2023 was $594 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. Corebridge Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 18.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Corebridge Financial's liquidation value for the three months ended in Dec. 2023 was $-194,715 Mil.

Corebridge Financial Change In Receivables Historical Data

The historical data trend for Corebridge Financial'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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Corebridge Financial Change In Receivables Chart

Corebridge Financial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-1,359.00

-1,930.00

169.00

912.00

-116.00

Corebridge Financial Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial									-188.00	-220.00	398.00	385.00	-679.00

Corebridge Financial 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 $-116 Mil.

Corebridge Financial (NYSE:CRBG) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	594	/	2921	*	91
=	18.56

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

Corebridge Financial'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)
=	171475	-	366635	+	0.75 * 594	+	0.5 * 0
=	-194,715

Corebridge Financial Change In Receivables Related Terms

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Corebridge Financial (Corebridge Financial) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AS5:Germany

Address

2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019

Website

https://www.corebridgefinancial.com

Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.

Executives

American International Group, Inc.	10 percent owner	1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne	officer: Pres of Financial Distributors	7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin	officer: President of Life Insurance	4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky	officer: Pres of Individual Retirement	405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr	officer: Chief Risk Officer	39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith	officer: Chief Operating Officer	42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino	officer: Chief Investment Officer	C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance	officer: Head of Strategy	1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson	officer: Chief Risk Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer	officer: Chief Marketing Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith	officer: Chief Human Resources Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler	officer: President Retirement Services	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash	officer: President, IR and Life	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak	officer: President of IM	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey	officer: Chief Operating Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367