UFCS (United Fire Group) Change In Receivables : $14 Mil (TTM As of Dec. 2024)

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What is United Fire Group Change In Receivables?

United Fire Group's change in receivables for the quarter that ended in Dec. 2024 was $180 Mil. It means United Fire Group's Accounts Receivable declined by $180 Mil from Sep. 2024 to Dec. 2024 .

United Fire Group's change in receivables for the fiscal year that ended in Dec. 2024 was $14 Mil. It means United Fire Group's Accounts Receivable declined by $14 Mil from Dec. 2023 to Dec. 2024 .

United Fire Group's Accounts Receivable for the quarter that ended in Dec. 2024 was $682 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. United Fire Group's Days Sales Outstanding for the three months ended in Dec. 2024 was 187.49.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. United Fire Group's liquidation value for the three months ended in Dec. 2024 was $-1,068 Mil.

United Fire Group Change In Receivables Historical Data

The historical data trend for United Fire Group'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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United Fire Group Change In Receivables Chart

United Fire Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-94.84

67.06

-91.14

-141.42

13.71

United Fire Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Receivables	Get a 7-Day Free Trial															14.22	-60.22	-78.37	-27.41	179.71

United Fire Group 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $14 Mil.

United Fire Group (NAS:UFCS) 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.

United Fire Group's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	681.629	/	331.738	*	91
=	187.49

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

United Fire Group's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1127.917	-	2706.938	+	0.75 * 681.629	+	0.5 * 0
=	-1,068

United Fire Group Change In Receivables Related Terms

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United Fire Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Fire Group Inc (NAS:UFCS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Second Avenue SE, Cedar Rapids, IA, USA, 52401

Website

https://www.ufginsurance.com

United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premium and investment income.

Executives

Christopher R Drahozal	director	2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Dee Ann Mcintyre	10 percent owner	2007 FIRST AVENUE SE, CEDAR RAPIDS IA 52406-2804
George D Milligan	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
James Noyce	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Ruehle Corey Lynn	officer: VP & Chief Claims Officer	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Scott L Carlton	director	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme	officer: VP	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Matthew R Foran	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin	officer: Chief Financial Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Robert Francis Cataldo	officer: VP & Strategy Officer	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Julie A Stephenson	officer: Executive VP & COO	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mark A. Green	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger	director, officer: Director, CEO	151 N. FRANKLIN, CHICAGO IL 60606
Jeremy Bahl	officer: VP & Chief UW Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Sarah E Madsen	officer: Chief Legal Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401