Barrett Business Services (Barrett Business Services) Accounts Receivable : $171 Mil (As of Dec. 2023)

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What is Barrett Business Services Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Barrett Business Services's accounts receivables for the quarter that ended in Dec. 2023 was $171 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Barrett Business Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 56.53.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Barrett Business Services's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-36.77.

Barrett Business Services Accounts Receivable Historical Data

The historical data trend for Barrett Business Services'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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Barrett Business Services Accounts Receivable Chart

Barrett Business Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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163.56

118.51

155.71

163.84

171.41

Barrett Business Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															163.84	188.01	198.06	205.22	171.41

Barrett Business Services Accounts Receivable Calculation

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

Barrett Business Services 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.

Barrett Business Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	171.407	/	276.682	*	91
=	56.53

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

Barrett Business Services's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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)
=	(152.195	+	0.75 * 171.407	+	0.5 * 0	-	522.398
-	0	-	0)	/	6.572
=	-36.77

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.

Barrett Business Services Accounts Receivable Related Terms

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Barrett Business Services (Barrett Business Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Barrett Business Services Inc (NAS:BBSI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

BB1:Germany

Address

8100 NE Parkway Drive, Suite 200, Vancouver, WA, USA, 98662

Website

https://www.bbsi.com

Barrett Business Services Inc is a provider of payroll administrative services and staffing services. The company categories of services include professional employer services and staffing. Professional employer services offer payroll management, payroll taxes services, and workers' compensation coverage solutions, as well as workforce management services, including hiring and termination of employees. Staffing offers temporary staffing services, as well as contract staffing, long-term or indefinite on-site management, and direct placement services. The company operates in the United States of America. It generates maximum revenue from the Professional employer service fees.

Executives

Joseph Stephen Clabby	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Anthony Meeker	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Thomas J Carley	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Jon L Justesen	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Alexandra Morehouse Mcreynolds	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gary Kramer	officer: VP - Finance, Treas. & Sec.	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Diane L Dewbrey	director	FIFTH THIRD BANCORP, 38 FOUNTAIN SQ PLZ, CINCINNATI OH 45263
Vincent P Price	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James B Hicks	director	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Carla A Moradi	director	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
James R Potts	officer: EVP Gen Counsel & Secretary	8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Anthony J Harris	officer: Chief Financial Officer	8100 NE PARKWAY DRIVE SUITE 200, VANCOUVER WA 98662
Gerald Blotz	officer: VP and COO--Field Operations	8100 N.E. PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Michael L Elich	officer: VP and Chief Operating Officer	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662
Gregory R Vaughn	officer: Vice President	8100 NE PARKWAY DRIVE, SUITE 200, VANCOUVER WA 98662