Sterling Check (Sterling Check) Change In Receivables : $-4.4 Mil (TTM As of Mar. 2024)

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What is Sterling Check Change In Receivables?

Sterling Check's change in receivables for the quarter that ended in Mar. 2024 was $-7.2 Mil. It means Sterling Check's Accounts Receivable increased by $7.2 Mil from Dec. 2023 to Mar. 2024 .

Sterling Check's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.5 Mil. It means Sterling Check's Accounts Receivable increased by $0.5 Mil from Dec. 2022 to Dec. 2023 .

Sterling Check's Accounts Receivable for the quarter that ended in Mar. 2024 was $157.4 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. Sterling Check's Days Sales Outstanding for the three months ended in Mar. 2024 was 77.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sterling Check's liquidation value for the three months ended in Mar. 2024 was $-538.0 Mil.

Sterling Check Change In Receivables Historical Data

The historical data trend for Sterling Check'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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Sterling Check Change In Receivables Chart

Sterling Check Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-26.60

14.42

-39.34

-10.26

-0.53

Sterling Check Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												-3.41	-6.49	-2.57	11.93	-7.24

Sterling Check 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.4 Mil.

Sterling Check (NAS:STER) 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.

Sterling Check's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	157.392	/	185.999	*	91
=	77.22

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

Sterling Check's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	66.979	-	723.014	+	0.75 * 157.392	+	0.5 * 0
=	-538.0

Sterling Check Change In Receivables Related Terms

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Sterling Check (Sterling Check) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sterling Check Corp (NAS:STER) » Definitions » Change In Receivables

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Traded in Other Exchanges

N/A

Address

1 State Street Plaza, 24th Floor, New York, NY, USA, 10004

Website

https://www.sterlingcheck.com

Sterling Check Corp is a global provider of technology-enabled background and identity verification services. It offers a hiring and risk management solution that begins with identity verification, followed by criminal background screening, credential verification, drug and health screening, processing of employee documentation required for onboarding, and ongoing risk monitoring. Its services are delivered through a purpose-built, proprietary, cloud-based technology platform that empowers organizations with real-time and data-driven insights to conduct and manage their employment screening programs.

Executives

Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Adrian M Jones	director	C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004
Steven L Barnett	officer: See Remarks	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Kristin Ann Johnsen	director	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Villon Bertrand Eric Arnaud	director	STERLING CHECK CORP, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
L Frederick Sutherland	director	STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Stonehill Robyn Price	officer: See Remarks	STERLING CHECKCORP INC., 1 STATE STREET PLAZA, NEW YORK NY 10004
Crampton Christopher A.s.	director	85 BROAD STREET, NEW YORK NY 10004
William W Chen	director	STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Mohit Kapoor	director	6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Ross M Cummings	10 percent owner	STERLING ULTIMATE PARENT CORP., 1 STATE STREET PLAZA, 24TH FLOOR, NEW YORK NY 10004
Broad Street Control Advisors, L.l.c.	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Peter Walker	officer: See Remarks	STERLING CHECKCORP INC., 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131
Lou Paglia	officer: See Remarks	STERLING CHECKCORP INC, 6150 OAK TREE BOULEVARD, SUITE 490, INDEPENDENCE OH 44131