Progressive (LTS:0KOC) Change In Receivables : $-2,064 Mil (TTM As of Mar. 2025)

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What is Progressive Change In Receivables?

Progressive's change in receivables for the quarter that ended in Mar. 2025 was $-2,126 Mil. It means Progressive's Accounts Receivable increased by $2,126 Mil from Dec. 2024 to Mar. 2025 .

Progressive's change in receivables for the fiscal year that ended in Dec. 2024 was $-2,082 Mil. It means Progressive's Accounts Receivable increased by $2,082 Mil from Dec. 2023 to Dec. 2024 .

Progressive's Accounts Receivable for the quarter that ended in Mar. 2025 was $21,260 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 Mar. 2025 was 95.09.

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 Mar. 2025 was $-55,234 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

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-1,293.30

-1,655.50

-1,869.00

-803.00

-2,082.00

Progressive Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Change In Receivables	Get a 7-Day Free Trial															-2,144.00	-229.80	-591.00	882.80	-2,126.00

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 Mar. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2,064 Mil.

Progressive (LTS:0KOC) 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 Mar. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	21260	/	20402	*	91
=	95.09

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 Mar. 2025 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11276	-	82455	+	0.75 * 21260	+	0.5 * 0
=	-55,234

Progressive Change In Receivables Related Terms

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Progressive Business Description

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Address

300 North Commons Boulevard, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has almost 24 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 US 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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