Midwest Holding (Midwest Holding) Change In Receivables : $-8.06 Mil (TTM As of Sep. 2023)

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What is Midwest Holding Change In Receivables?

Midwest Holding's change in receivables for the quarter that ended in Sep. 2023 was $21.80 Mil. It means Midwest Holding's Accounts Receivable declined by $21.80 Mil from Jun. 2023 to Sep. 2023 .

Midwest Holding's change in receivables for the fiscal year that ended in Dec. 2022 was $29.01 Mil. It means Midwest Holding's Accounts Receivable declined by $29.01 Mil from Dec. 2021 to Dec. 2022 .

Midwest Holding's Accounts Receivable for the quarter that ended in Sep. 2023 was $27.93 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. Midwest Holding's Days Sales Outstanding for the three months ended in Sep. 2023 was 155.24.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Midwest Holding's liquidation value for the three months ended in Sep. 2023 was $-2,188.11 Mil.

Midwest Holding Change In Receivables Historical Data

The historical data trend for Midwest Holding'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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Midwest Holding Change In Receivables Chart

Midwest Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-0.69

-8.80

-9.73

-6.47

29.01

Midwest Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Receivables	Get a 7-Day Free Trial															19.99	-4.68	-34.24	9.06	21.80

Midwest Holding 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.06 Mil.

Midwest Holding (NAS:MDWT) 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.

Midwest Holding's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	27.933	/	16.419	*	91
=	155.24

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

Midwest Holding's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	393.237	-	2602.299	+	0.75 * 27.933	+	0.5 * 0
=	-2,188.11

Midwest Holding Change In Receivables Related Terms

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Midwest Holding (Midwest Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Midwest Holding Inc (NAS:MDWT) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

2900 South 70th Street, Suite 400, Lincoln, NE, USA, 68506

Website

https://www.midwestholding.com

Midwest Holding Inc is a financial service holding company. The company is engaged in the underwriting and marketing of life insurance products through American Life. Its product offerings consist of a multi-benefit life insurance policy that combines cash value life insurance with a tax-deferred annuity and a single premium term life product. These product offerings are underwritten, marketed, and managed as a group of similar products on an overall portfolio basis. Geographically, the activities are carried out throughout the region of the United States.

Executives

Knott David M Jr	10 percent owner	DORSET MANAGEMENT CORPORATION, 485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Diane C. Davis	director	201 WELLS AVENUE SOUTH, RENTON WA 98057
Nancy Lyons Callahan	director	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Kevin Martin Sheehan	director	115 PINE BROOK ROAD, BEDFORD NY 10506
Knott Partners Lp	10 percent owner	485 UNDERHILL BOULEVARD, SUITE 205, SYOSSET NY 11791
Eoin Elliffe	officer: Chief Risk Officer	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Daniel Scott Maloney	officer: EVP-Accounting & Finance (PAO)	5250 S. SIXTH ST, C/O UNITED TRUST GROUP, SPRINGIELD IL 62703
Yadin Rozov	director	9 TERRACE CIRCLE, ARMONK NY 10504
Eric N. Berg	officer: Chief Financial Officer	2900 SOUTH 70TH STREET, SUITE 400, L NE 68506
Michael W. Minnich	director, 10 percent owner, officer: Co-Chief Executive Officer	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003
Jack Theeler	director	8101 O STREET, SUITE S111, LINCOLN NE 68510
Georgette C. Nicholas	officer: President & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Stephen Alan Mace	officer: General Counsel	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Debra Havranek	officer: VP & CFO	2900 SOUTH 70TH STREET, SUITE 400, LINCOLN NE 68506
Michael Minnich	director, 10 percent owner, officer: Executive Chairman	7 EAST 20TH STREET, APARTMENT 12F, NEW YORK NY 10003