The Hackett Group (The Hackett Group) Accounts Receivable : $35.6 Mil (As of Dec. 2023)

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What is The Hackett Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Hackett Group's accounts receivables for the quarter that ended in Dec. 2023 was $35.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Hackett Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 44.92.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Hackett Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-1.60.

The Hackett Group Accounts Receivable Historical Data

The historical data trend for The Hackett 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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The Hackett Group Accounts Receivable Chart

The Hackett Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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35.88

23.90

30.73

28.91

35.64

The Hackett 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															28.91	33.23	37.93	45.44	35.64

The Hackett Group Accounts Receivable Calculation

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

The Hackett 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.

The Hackett 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
=	35.64	/	72.403	*	91
=	44.92

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

The Hackett 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)
=	(20.957	+	0.75 * 35.64	+	0.5 * 0	-	91.348
-	0	-	0)	/	27.2665
=	-1.60

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.

The Hackett Group Accounts Receivable Related Terms

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The Hackett Group (The Hackett Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » The Hackett Group Inc (NAS:HCKT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

AWT:Germany

Address

1001 Brickell Bay Drive, Suite 3000, 30th Floor, Miami, FL, USA, 33131

Website

https://www.thehackettgroup.com

The Hackett Group Inc is an advisory firm. The company's offerings include executive advisory programs, benchmarking, executive advisory, business transformation, and cloud enterprise application implementation. The company's executive and practices advisory programs offer performance metrics, peer-learning opportunities, and practice implementation practices. Benchmarking services help organizations measure and assess internal efficiency and effectiveness. The business transformation programs help customers develop strategies to improve performance. The company's technology advisory services help clients improve decision-making capabilities and deploy software applications. The Hackett Group generates the majority of its revenue in the United States.

Executives

Wix Alan T G	director
Bofill Maria De Los Angeles	director	15550 SW 54 STREET, MIAMI FL 33185-4144
Robert A Rivero	director	1001 BRICKELL BAY DRIVE, SUITE 3000, MIAMI FL 33131
Richard N Hamlin	director	1001 BRICKELL BAY DRIVE, STE 3000, MIAMI FL 33131
John R Harris	director	2201 CEDEAR SPRINGS RD, SUITE 701, DALLAS TX 75201
Ted A Fernandez	director, officer: Chairman and CEO
Roberto A Ramirez,	officer: Chief Financial Officer	ANSWERTHINK, INC., 1001 BRICKELL DRIVE, SUITE 3000, MIAMI FL 33131
David N Dungan	director, officer: Vice Chairman and COO
Edwin A Huston	director	UNISYS CORP, UNISYS WAY, BLUE BELL PA 19424-0001
Terence M Graunke	director, 10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Paul G Yovovich	10 percent owner	676 NORTH MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Lake Capital Partners Lp	10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Archstone Holdings Llc	10 percent owner
Lake Capital Investment Partners Lp	10 percent owner	676 N. MICHIGAN AVENUE, SUITE 3900, CHICAGO IL 60611
Archstone Intermediate Holdings Llc	10 percent owner	676 North Michigan Avenue, Suite 3900, Chicago IL 60611