CBIZ (CBZ) Change In Receivables

: $-36 Mil (TTM As of Dec. 2023)

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CBIZ's change in receivables for the quarter that ended in Dec. 2023 was $85 Mil. It means CBIZ's Accounts Receivable declined by $85 Mil from Sep. 2023 to Dec. 2023 .

CBIZ's change in receivables for the fiscal year that ended in Dec. 2023 was $-36 Mil. It means CBIZ's Accounts Receivable increased by $36 Mil from Dec. 2022 to Dec. 2023 .

CBIZ's Accounts Receivable for the quarter that ended in Dec. 2023 was $310 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. CBIZ's Days Sales Outstanding for the three months ended in Dec. 2023 was 86.26.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CBIZ's liquidation value for the three months ended in Dec. 2023 was $-1,012 Mil.

CBIZ Change In Receivables Historical Data

The historical data trend for CBIZ'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.

CBIZ Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-15.53

6.71

-17.04

-61.11

-36.09

CBIZ 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																64.59	-99.42	-12.37	-9.46	85.16

CBIZ 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 $-36 Mil.

CBIZ (NYSE:CBZ) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	309.64	/	327.547	*	91
=	86.26

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

CBIZ'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)
=	8.09	-	1251.974	+	0.75 * 309.64	+	0.5 * 0
=	-1,012

CBIZ Change In Receivables Related Terms

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CBIZ (CBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CBIZ Inc (NYSE:CBZ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

XC4:Germany

Address

6801 Brecksville Road, Door N., Independence, OH, USA, 44131

Website

https://www.cbiz.com

CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.

Executives

Ware H Grove	officer: C.F.O.	6480 ROCKSIDE WOODS BLVD SOUTH, SUITE 330, CLEVELAND OH 44131
Benaree Pratt Wiley	director	C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino	director
Chris Spurio	officer: President, Financial Services
Michael P Kouzelos	officer: President, Employee Services	6050 OAK TREE BLVD SUITE 500, CLEVELAND OH 44131
Rodney A Young	director	350 OAK GROVE PARKWAY, SAINT PAUL MN 55127
Sherrill W Hudson	director	201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jerome P Grisko	director, officer: President and COO
Todd J Slotkin	director	35 EAST 62ND STREET, NEW YORK NY 10021
Richard T Marabito	director	5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Steven L Gerard	director	P.O. BOX 554, MILWAUKEE WI 53201-0554
A Haag Sherman	director	600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002
Donald V Weir	director	SANDERS MORRIS HARRIS, 600 TRAVIS, HOUSTON TX 77002
Gina D France	director	III CASCADE PLAZA, AKRON OH 44308
Michael H Degroote	director	1111 INTERNATIONAL BLVD., BURLINGTON A6 L7L 6W1