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Huron Consulting Group (Huron Consulting Group) Accounts Receivable : $163 Mil (As of Dec. 2023)


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What is Huron Consulting Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Huron Consulting Group's accounts receivables for the quarter that ended in Dec. 2023 was $163 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Huron Consulting Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.38.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Huron Consulting Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-32.23.


Huron Consulting Group Accounts Receivable Historical Data

The historical data trend for Huron Consulting 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.

Huron Consulting Group Accounts Receivable Chart

Huron Consulting Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.57 87.69 122.32 147.85 162.57

Huron Consulting 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 147.85 147.04 152.30 166.33 162.57

Huron Consulting Group Accounts Receivable Calculation

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


Huron Consulting 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.

Huron Consulting 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
=162.566/350.005*91
=42.38

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

Huron Consulting 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)
=(12.149+0.75 * 162.566+0.5 * 0-729.25
-0-0)/18.4641
=-32.23

* 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.


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.


Huron Consulting Group Accounts Receivable Related Terms

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Huron Consulting Group (Huron Consulting Group) Business Description

Traded in Other Exchanges
Address
550 West Van Buren Street, Chicago, IL, USA, 60607
Huron Consulting Group Inc is a professional services firm. The company provides expertise in strategy, technology, operations, advisory services, & analytics through three operating segments namely Healthcare, Education, and Business Advisory. Healthcare segment helps the firms to transform and innovate the delivery model to focus on patient wellness by improving quality outcomes, minimizing care variation and fundamentally improving patient and population health, Education segment provides management consulting and technology solutions, and Business Advisory segment provides services to large and middle-market organizations, not-for-profit organizations, and private equity firms. It generates a majority of its revenue from the Healthcare Segment.
Executives
C. Mark Hussey officer: EVP, CFO and Treasurer 550 WEST VAN BUREN STREET, CHICAGO IL 60607
Debra Zumwalt director 149 COMMONWEALTH DRIVE, MENLO PARK CA 94025
Ekta Singh-bushell director 9197 S. PEORIA ST., ENGLEWOOD CO 80112
James H Roth officer: Chief Executive Officer HURON CONSULTING GROUP, 550 WEST VAN BUREN STREET, CHICAGO IL 60607
John Mccartney director US ROBOTICS INC, 8100 MCCORMICK BLVD, SKOKIE IL 60076
H Eugene Lockhart director OAK HILL FARM, P.O. BOX 489, 4125 LOUISA ROAD, KESWICK VA 22947
Sawyer Hugh E Iii director 1806 BALLY BUNION DRIVE, DECATUR GA 30097
Kyle Featherstone officer: Chief Acct Officer, Controller 550 W. VAN BUREN, 17TH FLOOR, CHICAGO IL 60607
Joy Brown director TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Peter Kenneth Markell director 399 REVOLUTION DRIVE, 6TH FLOOR, SUITE 670, SOMERVILLE MA 02145
John D. Kelly officer: Controller 555 WEST VAN BUREN STREET, CHICAGO IL 60607
Torain Ernest W. Jr. officer: EVP, Gen. Counsel & Corp.Sec. 550 W. VAN BUREN, 17TH FLOOR, CHICAGO IL 60607
James Ronald Dail officer: EVP, Chief Operating Officer 550 W. VAN BUREN STREET, 17TH FLOOR, CHICAGO IL 60607
George Massaro director, officer: Vice Chairman
Diane E. Ratekin officer: General Counsel, Asst. Sec. 550 WEST VAN BUREN STREET, CHICAGO IL 60607