Barnes Group Accounts Receivable decreased by 5.3% to $327.06M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 6.1%, from $348.46M to $327.06M. Over 3 years (FY 2020 to FY 2023), Accounts Receivable shows an upward trend with a 12.1% CAGR.
An increase relative to sales may signal slowing collections or credit risk, while a decrease suggests efficient cash conversion.
The total amount of credit extended to customers and channel partners for products sold or services rendered, minus an a...
Typically scales with revenue growth; however, companies with strong direct-to-consumer channels may have lower receivables relative to those relying on third-party distributors.
accounts_receivable_net| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $260.20M | $260.15M | $262.26M | $272.35M | $281.77M | $260.16M | $291.88M | $297.90M | $311.98M | $348.46M | $353.92M | $308.73M | $345.48M | $327.06M |
| QoQ Change | — | -0.0% | +0.8% | +3.8% | +3.5% | -7.7% | +12.2% | +2.1% | +4.7% | +11.7% | +1.6% | -12.8% | +11.9% | -5.3% |
| YoY Change | — | — | — | — | +8.3% | +0.0% | +11.3% | +9.4% | +10.7% | +33.9% | +21.3% | +3.6% | +10.7% | -6.1% |