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Mgic Investment Corp  (MTG)
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Mgic Investment Accounts Receivables Turnover Ratio from the forth quarter 2023 to the forth quarter 2022

Quarterly Results, Trends, Rankings, Statistics


Mgic Investment Corp's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the forth quarter 2023 to a ratio of 438.12, above the company average. This is a clear sign of healthy business climate in the Property & Casualty Insurance industry and improving liquidity at their respective customers, during the forth quarter 2023. Average collection period, for Mgic Investment's accounts receivable remained unchanged at 1 days, in the Dec 31 2023 quarter.

If we take a look into Financial sector 3 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 17, from overall ranking in the third quarter 2023 at 67.

What is Receivable Turnover Ratio?
What is Mgic Investment Corp Selling?


What is Receivable Turnover Ratio?




MTG Receivables Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Receivable Change -45.27 % 23.83 % -22.58 % -28.57 % -50.16 %
Y / Y Revenue Change -2.84 % 1.27 % -0.83 % -3.62 % -0.55 %
Receivable Turnover Ratio (TTM) 438.12 248.44 248.33 247.92 249.42
MTG's Total Ranking # 17 # 67 # 74 # 2514 # 1885
Average receivable collection period 1 1 1 1 1
Seq. Receivable Change 3634.34 % 10.42 % 65.52 % -99.2 % 8349.07 %
Seq. Revenue Change -4.23 % 2.01 % 2.36 % -2.84 % -0.19 %


Receivable Turnover Company Ranking
Within: No.
Property & Casualty Insurance Industry # 0
Financial Sector # 4
Overall Market # 17

Receivable Turnover Ratio Statistics
High Average Low
1569.63 164.36 5.31
(Jun 30 2021)   (Sep. 30, 2015)






Financial Statements
Mgic Investment's Accounts Receivable $ 10 Millions Visit MTG's Balance sheet
Mgic Investment's Sales TTM $ 1,155 Millions Visit MTG's Income Statement
Where are MTG's Sales coming from? Visit MTG's Sales by Geography

Other Accounts Receivable Turnover Ratios
Property & Casualty Insurance Industry Accounts Receivable Turnover Trends and Statistics
Financial Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
MTG's Receivable Turnover Ratio versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover
Accounts Receivable Turnover for MTG's Competitors
Receivables Turnover Ratio for MTG's Suppliers
Accounts Receivables Turnover Ratio for MTG's Customers

You may also want to know
MTG's Growth Rates MTG's Roa MTG's Inventory Turnover Ratio MTG's Dividend Comparisons
MTG's Profitability Ratios MTG's Roi MTG's Asset Turnover Ratio MTG's Dividend Growth
MTG's Valuation Ratios MTG's Roe MTG's Financial Strength Ratios MTG's Dividend Payout Ratio



Companies with similar Receivables Turnover Ratio for the quarter ending Dec 31 2023, within Financial Sector Receivable Turnover Ratio Revenues for 12 Months ending Dec 31 2023 Receivable at quarter ending Dec 31 2023
Ashford Hospitality Trust Inc   230.86 $ 1,367.533  Millions$ 5.924  Millions
Granite Real Estate Investment Trust  204.01 $ 399.278  Millions$ 1.957  Millions
Sphere 3d Corp   194.29 $ 21.906  Millions$ 0.113  Millions
Douglas Emmett Inc   137.50 $ 1,020.488  Millions$ 7.422  Millions
Rocket Companies Inc   122.82 $ 3,382.160  Millions$ 27.539  Millions
White Mountains Insurance Group ltd   113.14 $ 2,166.700  Millions$ 19.150  Millions
Northstar Healthcare Income Inc   109.45 $ 204.978  Millions$ 1.873  Millions
Kilroy Realty Corporation  87.57 $ 1,129.694  Millions$ 12.901  Millions
Inspirato Incorporated  80.36 $ 329.100  Millions$ 4.095  Millions
First Industrial Realty Trust Inc   73.72 $ 614.027  Millions$ 8.329  Millions
Veris Residential Inc   71.55 $ 279.859  Millions$ 3.912  Millions
Cousins Properties Inc  69.70 $ 802.874  Millions$ 11.519  Millions
Rithm Capital Corp   69.07 $ 3,798.177  Millions$ 54.991  Millions
Pennymac Financial Services inc   66.04 $ 1,933.037  Millions$ 29.272  Millions
Service Properties Trust  66.00 $ 1,873.863  Millions$ 28.393  Millions
Terawulf Inc   65.68 $ 61.148  Millions$ 0.931  Millions
Lxp Industrial Trust  64.63 $ 340.503  Millions$ 5.269  Millions
Chatham Lodging Trust  62.77 $ 311.109  Millions$ 4.956  Millions
Hamilton Lane Inc  60.01 $ 494.198  Millions$ 8.235  Millions
American Assets Trust Inc   55.72 $ 436.141  Millions$ 7.828  Millions
National Rural Utilities Cooperative Finance Corpo  53.18 $ 1,743.162  Millions$ 32.779  Millions
Physicians Realty Trust  51.50 $ 543.463  Millions$ 10.553  Millions
Employers Holdings Inc   51.18 $ 850.900  Millions$ 16.625  Millions
Humana Inc   50.68 $ 106,374.000  Millions$ 2,098.750  Millions
Proassurance Corporation  50.57 $ 1,137.212  Millions$ 22.489  Millions
Old Republic International Corporation  50.36 $ 7,258.300  Millions$ 144.125  Millions
Axos Financial Inc   48.35 $ 1,033.084  Millions$ 21.367  Millions
Oportun Financial Corporation  46.14 $ 1,056.919  Millions$ 22.906  Millions
Safety Insurance Group Inc   45.61 $ 930.956  Millions$ 20.413  Millions
Healthcare Realty Trust Incorporated  44.54 $ 1,343.769  Millions$ 30.173  Millions

Date modified: 2024-02-22T09:59:59+00:00



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