BGSF (BGSF) Change In Receivables : $19.4 Mil (TTM As of Sep. 2024)

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What is BGSF Change In Receivables?

BGSF's change in receivables for the quarter that ended in Sep. 2024 was $-0.2 Mil. It means BGSF's Accounts Receivable increased by $0.2 Mil from Jun. 2024 to Sep. 2024 .

BGSF's change in receivables for the fiscal year that ended in Dec. 2023 was $12.2 Mil. It means BGSF's Accounts Receivable declined by $12.2 Mil from Dec. 2022 to Dec. 2023 .

BGSF's Accounts Receivable for the quarter that ended in Sep. 2024 was $46.1 Mil.

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 Receivable are being managed. BGSF's Days Sales Outstanding for the three months ended in Sep. 2024 was 59.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BGSF's liquidation value for the three months ended in Sep. 2024 was $-39.6 Mil.

BGSF Change In Receivables Historical Data

The historical data trend for BGSF's Change In Receivables 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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BGSF Change In Receivables Chart

BGSF Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.77

5.03

-15.18

-14.79

12.16

BGSF Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-5.88	10.37	3.73	5.50	-0.20

BGSF Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $19.4 Mil.

BGSF (NYSE:BGSF) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	46.074	/	71.186	*	91
=	59.06

2. In Ben Graham's calculation of liquidation value, BGSF's accounts receivable are only considered to be worth 75% of book value:

BGSF's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.262	-	74.39	+	0.75 * 46.074	+	0.5 * 0
=	-39.6

BGSF Change In Receivables Related Terms

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BGSF Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » BGSF Inc (NYSE:BGSF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

5850 Granite Parkway, Suite 730, Plano, TX, USA, 75024

Website

https://www.bgsf.com

BGSF Inc is a provider of workforce solutions operating primarily in the U.S. across two segments: Property Management and Professional. In the Property Management segment, BGSF offers office and maintenance talent to clients, facilitating their staffing needs with short-term and consulting solutions. The Professional segment specializes in IT, offering skilled professionals in SAP, Workday, and other areas to Fortune 500 companies and consulting firms nationwide. BGSF's workforce services include on-demand assignments, consulting, and managed solutions, allowing clients to flexibly manage their workforce needs. With a focus on converting fixed personnel costs to variable expenses, BGSF enables companies to effectively address fluctuations in demand while optimizing costs.

Executives

Allen C. David Jr	director	805 HUNTINGTON COURT, SOUTHLAKE TX 76092
Beth Garvey	officer: Chief Operating Officer	4528 DAFFODIL TRAIL, PLANO TX 75093
John R Barnett	officer: CFO and Secretary	111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Douglas Hailey	director	861 MAGGIES WAY, WATERBURY CENTER VT 05677
Donna Carroll	director	5850 GRANITE PARKWAY #730, PLANO TX 75024
Baum Richard L Jr	director	10 KINZEL LANE, WEST ORANGE NJ 07052
Paul Seid	director	22 WOODHAVEN DRIVE, NEW CITY NY 10956
Cynthia Marshall	director	5850 GRANITE PARKWAY STE 730, PLANO TX 75024
Dan Hollenbach	officer: CFO and Secretary	C/O BG STAFFING, INC., 5850 GRANITE PARKWAY, SUITE 730, PLANO TX 75024
Baker L. Allen Jr.	director, officer: President and CEO	7338 MAY HALL DRIVE, FRISCO TX 75034
Robert G Weinrich	officer: interim CFO and Secretary	158 NATCHES TRACE, COPPELL TX 75019
Michael A Rutledge	officer: CFO and Secretary	5000 LEGACY DR, SUITE 350, PLANO TX 75024