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Staffing 360 Solutions (Staffing 360 Solutions) Accounts Receivable : $25.2 Mil (As of Sep. 2023)


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What is Staffing 360 Solutions Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Staffing 360 Solutions's accounts receivables for the quarter that ended in Sep. 2023 was $25.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Staffing 360 Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 was 36.26.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Staffing 360 Solutions's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $-9.36.


Staffing 360 Solutions Accounts Receivable Historical Data

The historical data trend for Staffing 360 Solutions'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.

Staffing 360 Solutions Accounts Receivable Chart

Staffing 360 Solutions Annual Data
Trend May13 May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.75 26.60 24.57 20.72 23.63

Staffing 360 Solutions Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 29.86 23.63 24.43 26.78 25.22

Staffing 360 Solutions Accounts Receivable Calculation

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


Staffing 360 Solutions 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.

Staffing 360 Solutions's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=25.222/63.467*91
=36.26

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Staffing 360 Solutions's accounts receivable are only considered to be worth 75% of book value:

Staffing 360 Solutions's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=(0.681+0.75 * 25.222+0.5 * 0-72.021
-0-0)/5.60102
=-9.36

* 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.


Staffing 360 Solutions Accounts Receivable Related Terms

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Staffing 360 Solutions (Staffing 360 Solutions) Business Description

Traded in Other Exchanges
Address
757 3rd Avenue, 27th Floor, New York, NY, USA, 10017
Staffing 360 Solutions, Inc. is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and the UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space.
Executives
Anil Kumar Sharma 10 percent owner 24 HAYHURST DRIVE, NEWTOWN PA 18940
Satvinder Singh 10 percent owner 24 HAYHURST DRIVE, NEWTOWN PA 18940
Rscube Investment, Llc 10 percent owner 24 HAYHURST DRIVE, NEWTOWN PA 18940
Vincent J Cebula director 1301 AVENUE OF THE AMERICAS, 34 TH FLOOR, NEW YORK NY 10019
Brendan Flood director
M Khalid Anwar officer: SVP, Corporate Finance 641 LEXINGTON AVE, NEW YORK NY 10022
Mark Gibbens officer: CFO 245 FREIGHT STREET, WATERBURY CT 06702
Chris Powers officer: Interim CFO 641 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Sharnika Viswakula officer: Corporate Controller 641 LEXINGTON AVENUE, 27TH FLOOR, C/O STAFFING 360 SOLUTIONS, INC., NEW YORK NY 10022
Jackson Investment Group, Llc 10 percent owner 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Richard Lee Jackson 10 percent owner 2655 NORTHWINDS PARKWAY, ALPHARETTA GA 30009
Alicia Barker director C/O STAFFING 360 SOLUTIONS, INC., 641 LEXINGTON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Christopher John Lutzo officer: General Counsel and Secretary 355 SUBURBAN AVENUE, FAIRFIELD CT 06825
David Faiman officer: Chief Financial Officer 93 GEORGETOWN ROAD, WESTON CT 06883
Nicholas Florio director C/O STAFFING 360, 641 LEXINGTON AVENUE, SUITE 1526, NEW YORK NY 10022