Diamond Hill Investment Group (Diamond Hill Investment Group) Accounts Receivable : $18.1 Mil (As of Dec. 2023)

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What is Diamond Hill Investment Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Diamond Hill Investment Group's accounts receivables for the quarter that ended in Dec. 2023 was $18.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Diamond Hill Investment Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 48.70.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Diamond Hill Investment Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.98.

Diamond Hill Investment Group Accounts Receivable Historical Data

The historical data trend for Diamond Hill Investment 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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Diamond Hill Investment Group Accounts Receivable Chart

Diamond Hill Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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17.22

17.81

20.44

17.33

18.05

Diamond Hill Investment 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															17.33	18.84	18.96	22.60	18.05

Diamond Hill Investment Group Accounts Receivable Calculation

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

Diamond Hill Investment 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.

Diamond Hill Investment 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
=	18.051	/	33.821	*	91
=	48.70

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

Diamond Hill Investment 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)
=	(46.992	+	0.75 * 18.051	+	0.5 * 0	-	71.778
-	0	-	0)	/	2.82308
=	-3.98

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.

Diamond Hill Investment Group Accounts Receivable Related Terms

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Diamond Hill Investment Group (Diamond Hill Investment Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Diamond Hill Investment Group Inc (NAS:DHIL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BVE:Germany

Address

325 John H. McConnell Boulevard, Suite 200, Columbus, OH, USA, 43215

Website

https://www.diamond-hill.com

Diamond Hill Investment Group Inc sponsors, markets, and provides investment advisory and related services to various U.S. and foreign clients including mutual funds, separate accounts, and private investment funds. The company's objective is to fulfill a fiduciary duty to clients and secondary objectives to achieve an adequate long-term return for shareholders. The company generates its revenue from Investment advisory and Mutual fund administration fees.

Executives

Laird James F Jr	officer: Chief Financial Officer	375 N FRONT STREET, SUITE 300, COLUMBUS OH 43215
Heather E Brilliant	director, officer: Chief Executive Officer	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Paula R Meyer	director	ADVISORY HEDGED OPPORTUNITY FUND, 50590 AXP FINANCIAL CENTER, MINNEAPOLIS MN 55474
Jo Ann Quinif	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Mark Zinkula	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Thomas Edward Line	officer: Chief Financial Officer	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
L'quentus Thomas	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Richard Scott Cooley	director	325 JOHN H MCCONNELL BLVD, SUITE 200, COLUMBUS OH 43215
Randolph J. Fortener	director	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215
St. Pierre Nicole Renee	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Dillon Roderick H Jr	director, officer: Chief Executive Officer	180 BEACH DRIVE NE 2001, SAINT PETERSBURG FL 33701
Lisa M Wesolek	officer: COO of DHCM	325 JOHN H. MCCONNELL BLVD., STE 200, COLUMBUS OH 43215
Bradley C Shoup	director	325 JOHN H. MCCONNELL BLVD., SUITE 200, COLUMBUS OH 43215
Frances A Skinner	director	138 PUTNAM STREET, MARIETTA OH 45750
Christopher M Bingaman	officer: President of DHCM	325 JOHN H. MCCONNELL BLVD., STE. 200, COLUMBUS OH 43215