BGC Group (BGC Group) Accounts Receivable

: $350 Mil (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. BGC Group's accounts receivables for the quarter that ended in Dec. 2023 was $350 Mil.

Accounts receivable can be measured by Days Sales Outstanding. BGC Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 63.86.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. BGC Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-2.75.

BGC Group Accounts Receivable Historical Data

The historical data trend for BGC 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.

* Premium members only.

BGC Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1.93

3.00

5.51

350.04

BGC 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																-	3.42	5.63	7.43	350.04

BGC Group Accounts Receivable Calculation

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

BGC 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.

BGC 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
=	350.036	/	500.174	*	91
=	63.86

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

BGC 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)
=	(655.641	+	0.75 * 350.036	+	0.5 * 0	-	2277.781
-	0	-	13.073)	/	499.548
=	-2.75

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.

BGC Group Accounts Receivable Related Terms

Thank you for viewing the detailed overview of BGC Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

BGC Group (BGC Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BGC Group Inc (NAS:BGC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

ESD:Germany

Address

499 Park Avenue, New York, NY, USA, 10022

Website

https://www.bgcg.com

BGC Group Inc is a brokerage and financial technology company that serves the global financial markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, brokerage houses, hedge funds, and investment banks. BGC operates in one reportable segment, which is providing brokerage services to the financial markets. The company earns the majority of its revenue in the United Kingdom followed by the United States.

Executives

William Dean Addas	director	C/O DEUTSCHE BANK, 300 S. GRAND AVENUE, LOS ANGELES CA 90071-3109
Jason W. Hauf	officer: Chief Financial Officer	BGC PARTNERS, 499 PARK AVENUE, NEW YORK NY 10022
Arthur U Mbanefo	director	280 PARK AVENUE 40 WEST, CO ORIX, NEW YORK NY 10017
Sean A Windeatt	officer: Chief Operating Officer	C/O BGC PARTNERS, INC., 499 PARK AVENNUE NY 10022
Stephen M Merkel	officer: EVP and General Counsel	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Linda A Bell	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
David Richards	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Martin Laguerre	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Steven Bisgay	officer: Chief Financial Officer	545 WASHINGTON BLVD, JERSEY CITY NJ 07310
Cf Group Management Inc	director, 10 percent owner	135 EAST 57TH ST, NEW YORK NY 10022
Cantor Fitzgerald, L. P.	director, 10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Sean Galvin	officer: Chief Accounting Officer	545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310
William J Moran	director	135 EAST 57TH ST, NEW YORK NY 10022
Howard W Lutnick	director, 10 percent owner, officer: Chief Executive Officer
Steven R Mcmurray	officer: Chief Financial Officer	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022