Black Diamond Group (Black Diamond Group) Accounts Receivable : $44.6 Mil (As of Mar. 2024)

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What is Black Diamond Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Black Diamond Group's accounts receivables for the quarter that ended in Mar. 2024 was $44.6 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Black Diamond Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 74.83.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Black Diamond Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-3.78.

Black Diamond Group Accounts Receivable Historical Data

The historical data trend for Black Diamond 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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Black Diamond Group Accounts Receivable Chart

Black Diamond Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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34.76

35.99

45.49

53.17

46.64

Black Diamond Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															47.88	45.90	58.21	46.64	44.59

Black Diamond Group Accounts Receivable Calculation

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

Black Diamond 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.

Black Diamond Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.59	/	54.376	*	91
=	74.83

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

Black Diamond Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(9.009	+	0.75 * 44.59	+	0.5 * 0	-	268.925
-	0	-	2.926)	/	60.685
=	-3.78

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.

Black Diamond Group Accounts Receivable Related Terms

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Black Diamond Group (Black Diamond Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Black Diamond Group Ltd (OTCPK:BDIMF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

8B8:Germany BDI:Canada

Address

440-2nd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 5E9

Website

https://www.blackdiamondgroup.com

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. It has two business units: Modular Space Solutions and Workforce Solutions. Modular Space Solutions provides high quality, cost effective, modular space rentals to customers. The customers operate in the construction, real estate development, education, manufacturing, health care, financial, government and defense industries. Workforce Solutions provides complete workforce housing solutions including rental of accommodations and surface equipment, provision of full turnkey lodge services and provision of travel management logistics through the Company's online digital marketplace, LodgeLink.