NI Holdings (NI Holdings) Change In Receivables : $-23.3 Mil (TTM As of Dec. 2023)

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What is NI Holdings Change In Receivables?

NI Holdings's change in receivables for the quarter that ended in Dec. 2023 was $33.4 Mil. It means NI Holdings's Accounts Receivable declined by $33.4 Mil from Sep. 2023 to Dec. 2023 .

NI Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-23.3 Mil. It means NI Holdings's Accounts Receivable increased by $23.3 Mil from Dec. 2022 to Dec. 2023 .

NI Holdings's Accounts Receivable for the quarter that ended in Dec. 2023 was $144.5 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. NI Holdings's Days Sales Outstanding for the three months ended in Dec. 2023 was 139.65.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NI Holdings's liquidation value for the three months ended in Dec. 2023 was $-58.4 Mil.

NI Holdings Change In Receivables Historical Data

The historical data trend for NI Holdings'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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NI Holdings Change In Receivables Chart

NI Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.22

-7.23

-15.42

-27.10

-23.28

NI Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															36.21	-10.40	-50.31	4.04	33.39

NI Holdings 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 $-23.3 Mil.

NI Holdings (NAS:NODK) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	144.492	/	94.414	*	91
=	139.65

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

NI Holdings'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)
=	237.688	-	404.487	+	0.75 * 144.492	+	0.5 * 0
=	-58.4

NI Holdings Change In Receivables Related Terms

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NI Holdings (NI Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NI Holdings Inc (NAS:NODK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1101 First Avenue North, Fargo, ND, USA, 58102

Website

http://www.niholdingsinc.com

NI Holdings Inc is a stockholding company. The company's operating segments include private passenger auto insurance, non-standard auto insurance, home and farm insurance, crop insurance, commercial insurance, and others. It generates maximum revenue from the home and farm insurance segment.

Executives

Patrick W. Duncan	officer: Vice President of Operations	1101 FIRST AVENUE NORTH, FARGO ND 58102
Prakash Mathew	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Duaine Espegard	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Stephen V. Marlow	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Jeffrey R. Missling	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Eric K. Aasmundstad	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
William Russell Devlin	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Cindy Launer	director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Michael J. Alexander	director, officer: President & CEO	1101 FIRST AVENUE NORTH, FARGO ND 58102
Seth C. Daggett	officer: EVP of Strategy	1101 FIRST AVENUE NORTH, FARGO ND 58102
Timothy J. Milius	officer: Vice President of Finance	1101 FIRST AVENUE NORTH, FARGO ND 58102
Brian R. Doom	officer: Executive Vice President & CFO	1101 FIRST AVENUE NORTH, FARGO ND 58102
Brad J. Larson	officer: Regional Sales Director	1101 FIRST AVENUE NORTH, FARGO ND 58102
Nodak Mutual Group, Inc.	10 percent owner	1101 FIRST AVENUE NORTH, FARGO ND 58102