MGIC Investment (MGIC Investment) Change In Receivables : $8 Mil (TTM As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

What is MGIC Investment Change In Receivables?

MGIC Investment's change in receivables for the quarter that ended in Dec. 2023 was $-8 Mil. It means MGIC Investment's Accounts Receivable increased by $8 Mil from Sep. 2023 to Dec. 2023 .

MGIC Investment's change in receivables for the fiscal year that ended in Dec. 2023 was $8 Mil. It means MGIC Investment's Accounts Receivable declined by $8 Mil from Dec. 2022 to Dec. 2023 .

MGIC Investment's Accounts Receivable for the quarter that ended in Dec. 2023 was $102 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. MGIC Investment's Days Sales Outstanding for the three months ended in Dec. 2023 was 32.68.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MGIC Investment's liquidation value for the three months ended in Dec. 2023 was $4,697 Mil.

MGIC Investment Change In Receivables Historical Data

The historical data trend for MGIC Investment'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.

* Premium members only.

MGIC Investment Change In Receivables Chart

MGIC Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

Get a 7-Day Free Trial

17.56

-68.42

-27.21

60.12

7.73

MGIC Investment 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															6.15	23.36	-4.60	-2.91	-8.12

MGIC Investment 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 $8 Mil.

MGIC Investment (NYSE:MTG) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	101.697	/	283.957	*	91
=	32.68

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

MGIC Investment'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)
=	6086.779	-	1466.363	+	0.75 * 101.697	+	0.5 * 0
=	4,697

MGIC Investment Change In Receivables Related Terms

Thank you for viewing the detailed overview of MGIC Investment's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.

MGIC Investment (MGIC Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (NYSE:MTG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

MGC:Germany

Address

250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202

Website

https://www.mgic.com

MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.

Executives

Michael Leal Thompson	director	4 BRIDGET COURT, BURR RIDGE IL 60527
Analisa M Allen	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Teresita M. Lowman	director	2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029
Jodee A Kozlak	director	1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Jay C. Hartzell	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Sheryl L. Sculley	director	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Gary A. Poliner	director	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Daniel A. Arrigoni	director	C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202
James J. Hughes	officer: SVP-Sales & Bus. Development	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Michael E Lehman	director
Julie K. Sperber	officer: VP-Controller & Chief Acct Off	MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Patrick Sinks	officer: Executive Vice President	250 E KILBOURN AVE, MILWAUKEE WI 53202
Steven M. Thompson	officer: EVP&CRO-Mort Gty Ins Corp	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Nathaniel H Colson	officer: Executive Vice President & CFO	C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Robert J Candelmo	officer: SVP-Chief Information Officer	250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202