Beasley Broadcast Group (Beasley Broadcast Group) Accounts Receivable : $53.4 Mil (As of Dec. 2023)

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What is Beasley Broadcast Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Beasley Broadcast Group's accounts receivables for the quarter that ended in Dec. 2023 was $53.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Beasley Broadcast Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 74.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Beasley Broadcast Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-11.82.

Beasley Broadcast Group Accounts Receivable Historical Data

The historical data trend for Beasley Broadcast Group's Accounts Receivable 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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Beasley Broadcast Group Accounts Receivable Chart

Beasley Broadcast Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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54.58

47.40

53.38

56.68

53.42

Beasley Broadcast Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															56.68	47.49	55.30	47.69	53.42

Beasley Broadcast Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Beasley Broadcast Group Accounts Receivable 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 receivables are being managed.

Beasley Broadcast Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	53.424	/	65.749	*	91
=	74.14

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Beasley Broadcast Group's accounts receivable are only considered to be worth 75% of book value:

Beasley Broadcast Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(26.734	+	0.75 * 53.424	+	0.5 * 0	-	425.289
-	0	-	0)	/	30.3167
=	-11.82

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Beasley Broadcast Group Accounts Receivable Related Terms

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Beasley Broadcast Group (Beasley Broadcast Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Beasley Broadcast Group Inc (NAS:BBGI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BZS:Germany

Address

3033 Riviera Drive, Suite 200, Naples, FL, USA, 34103

Website

https://www.bbgi.com

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

Executives

Caroline Beasley	director, 10 percent owner, officer: CFO
Bruce G Beasley	director, 10 percent owner, officer: President	3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Bradley C Beasley	10 percent owner	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Brian E Beasley	director, officer: Vice President of Operations	3033 RIVERA DRIVE, SUITE 200, NAPLES FL 34103
Gordon H Smith	director	6903 ROCKLEDGE DRIVE, SUITE 1500, BETHESDA MD 21771
Christopher D. Ornelas	officer: General Counsel	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
Warfield Charles M. Jr.	director	C/O BEASLEY BROADCAST GROUP, INC., 3033 RIVIERA DRIVE, SUITE 200, NAPLES FL 34103
George G Beasley	director, 10 percent owner, officer: CEO
Leslie V Godridge	director
Mark S Fowler	director	C/O TALK AMERICA HOLDINGS, INC., 12020 SUNRISE VALLEY DR, STE. 250, RESTON VA 20191
Cristina Bordes 2009 Gift Trust	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephanie L. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Stephen M. Bordes	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Cristina Bordes	10 percent owner	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005
Bordes 2015 Grat #7 Lee	other: See Remarks	C/O CARTER LEDYARD & MILBURN LLP, TWO WALL STREET, NEW YORK NY 10005