STEP (StepStone Group) Accounts Receivable : $68.1 Mil (As of Sep. 2024)

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What is StepStone Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. StepStone Group's accounts receivables for the quarter that ended in Sep. 2024 was $68.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. StepStone Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 22.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. StepStone Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-46.32.

StepStone Group Accounts Receivable Historical Data

The historical data trend for StepStone 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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StepStone Group Accounts Receivable Chart

StepStone Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Receivable

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25.12

32.10

34.14

44.45

56.77

StepStone Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															45.24	58.13	56.77	58.33	68.10

StepStone Group Accounts Receivable Calculation

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

StepStone 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.

StepStone Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	68.103	/	271.677	*	91
=	22.87

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

StepStone Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(224.618	+	0.75 * 68.103	+	0.5 * 0	-	2039.58
-	0	-	1602.88)	/	72.6812
=	-46.32

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.

StepStone Group Accounts Receivable Related Terms

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StepStone Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » StepStone Group Inc (NAS:STEP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

277 Park Avenue, 45th Floor, New York, NY, USA, 10172

Website

https://www.stepstonegroup.com

StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.

Executives

Scott W Hart	officer: Co-Chief Executive Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Michael I Mccabe	officer: Head of Strategy	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
David Y Park	officer: Chief Accounting Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Thomas Keck	director, other: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Steven R Mitchell	director, 10 percent owner	C/O ASPEN AEROGELS, INC., 30 FORBES ROAD, BUILDING B, NORTHBOROUGH MA 01532
David F Hoffmeister	director	C/O STEPSTONE GROUP INC., 450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
James Lim	10 percent owner	100 PAINTERS MILL ROAD, SUITE 700, OWINGS MILLS MD 21117
Jason P Ment	officer: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Argonaut Private Equity, L.l.c.	10 percent owner	6733 S. YALE AVE., TULSA OK 74136
Monte M Brem	director, officer: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Johnny D Randel	officer: Chief Financial Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Robert Waldo	director, 10 percent owner	6733 S. YALE AVE., TULSA, OK 74136
Valerie Gay Brown	director	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Jose A Fernandez	officer: Co-Chief Operating Officer	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017
Mark Maruszewski	director, other: See Remarks	450 LEXINGTON AVENUE, 31ST FLOOR, NEW YORK NY 10017