Principal Financial Group Inc

NASDAQ PFG

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Principal Financial Group Inc Days Sales Outstanding (DSO) 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: 47.30%

Principal Financial Group Inc Days Sales Outstanding (DSO) 3 year CAGR is 47.30% for the Trailing 12 Months (TTM) ending March 31, 2024, a -70.42% change year over year. The days sales outstanding ratio measures the average number of days it takes for a company to collect payment from its customers. It is calculated by dividing receivables by revenue and then multiplying by 365. This ratio indicates the average collection period for accounts receivable and provides insights into the effectiveness of the company's credit and collection policies. A shorter period indicates faster collection and better cash flow management. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Principal Financial Group Inc Days Sales Outstanding (DSO) for the Trailing 12 Months (TTM) ending March 31, 2023 was 2,496.88, a 1,150.80% change year over year.
Principal Financial Group Inc Days Sales Outstanding (DSO) for the Trailing 12 Months (TTM) ending March 31, 2022 was 199.62, a 8.43% change year over year.
Principal Financial Group Inc Days Sales Outstanding (DSO) for the Trailing 12 Months (TTM) ending March 31, 2021 was 184.10, a 29.46% change year over year.
Principal Financial Group Inc Days Sales Outstanding (DSO) for the Trailing 12 Months (TTM) ending March 31, 2020 was 142.20, a -3.29% change year over year.

NASDAQ: PFG

Principal Financial Group Inc

CEO	Mr. Daniel Joseph Houston
IPO Date	Oct. 23, 2001
Location	United States
Headquarters	711 High Street, Des Moines, IA, United States, 50392
Employees	19,800
Sector	Financial Services
Industry	Asset management

Description

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. It offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as asset allocation, stable value management, and other structured investment strategies. It also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans in Brazil, Chile, Mexico, Asia, China, Hong Kong Special Administrative Region, and Southeast Asia. The Benefits and Protection segment provides specialty benefits, such as group dental and vision insurance, group life insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. It also offers insurance solutions for small and medium-sized businesses and their owners, as well as employees. Principal Financial Group, Inc. was founded in 1879 and is based in Des Moines, Iowa.

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