PFSI (PennyMac Financial Services) Change In Receivables : $-8 Mil (TTM As of Sep. 2024)

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What is PennyMac Financial Services Change In Receivables?

PennyMac Financial Services's change in receivables for the quarter that ended in Sep. 2024 was $-4 Mil. It means PennyMac Financial Services's Accounts Receivable increased by $4 Mil from Jun. 2024 to Sep. 2024 .

PennyMac Financial Services's change in receivables for the fiscal year that ended in Dec. 2023 was $6 Mil. It means PennyMac Financial Services's Accounts Receivable declined by $6 Mil from Dec. 2022 to Dec. 2023 .

PennyMac Financial Services's Accounts Receivable for the quarter that ended in Sep. 2024 was $166 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. PennyMac Financial Services's Days Sales Outstanding for the three months ended in Sep. 2024 was 24.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PennyMac Financial Services's liquidation value for the three months ended in Sep. 2024 was $-18,194 Mil.

PennyMac Financial Services Change In Receivables Historical Data

The historical data trend for PennyMac Financial Services'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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PennyMac Financial Services Change In Receivables Chart

PennyMac Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-20.26

-48.32

35.24

2.78

5.67

PennyMac Financial Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-3.31	-2.56	-2.00	0.46	-3.91

PennyMac Financial Services 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.

PennyMac Financial Services (NYSE:PFSI) 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.

PennyMac Financial Services's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	166.105	/	629.363	*	91
=	24.08

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

PennyMac Financial Services's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	813.748	-	19132.36	+	0.75 * 166.105	+	0.5 * 0
=	-18,194

PennyMac Financial Services Change In Receivables Related Terms

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PennyMac Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PennyMac Financial Services Inc (NYSE:PFSI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

1AC:Germany

Address

3043 Townsgate Road, Suite 200, Westlake Village, CA, USA, 91361

Website

https://ir.pennymacfinancial.com

PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.

Executives

Gregory L Hendry	officer: MD, Chief Accounting Officer	3300 LAKE AVENUE, ALTADENA CA 91001
Daniel Stanley Perotti	officer: Chief Financial Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
David Spector	director, officer: Chairman & CEO	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Steven Richard Bailey	officer: Chief Servicing Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
James K Hunt	director	THL CREDIT GROUP, 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Anne Mccallion	director	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Joseph F Mazzella	director	C/O HIGHFIELDS CAPITAL MANAGEMENT LP, 200 CLARENDON STREET, BOSTON MA 02116
Doug Jones	officer: Chief Mtge Bnkg Ofcr	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Derek Stark	officer: Chief Legal Officer	4500 PARK GRANADA, CALABASAS CA 91302
James Follette	officer: Chief Mort Fulfillment Off.	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
William Herbert Chang	officer: Chief Capital Markets Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Patrick Kinsella	director	C/O PENNYMAC, 6101 CONDOR DRIVE, MOORPARK CA 93021
Donald J. White	officer: Chief Risk Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Vandad Fartaj	officer: Chief Investment Officer	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Mfn Partners, Lp	director	222 BERKELEY STREET, 13TH FLOOR, BOSTON MA 02116