Bank of the James Financial Group (Bank of the James Financial Group) Accounts Receivable : $2.84 Mil (As of Dec. 2023)

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What is Bank of the James Financial Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Bank of the James Financial Group's accounts receivables for the quarter that ended in Dec. 2023 was $2.84 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Bank of the James Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 24.91.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Bank of the James Financial Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-146.39.

Bank of the James Financial Group Accounts Receivable Historical Data

The historical data trend for Bank of the James Financial 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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Bank of the James Financial Group Accounts Receivable Chart

Bank of the James Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.87

2.35

2.06

2.74

2.84

Bank of the James Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2.57	2.53	2.71	2.84	2.94

Bank of the James Financial Group Accounts Receivable Calculation

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

Bank of the James Financial 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.

Bank of the James Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.835	/	10.385	*	91
=	24.91

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

Bank of the James Financial Group'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)
=	(242.123	+	0.75 * 2.835	+	0.5 * 0	-	909.332
-	0	-	0)	/	4.54334
=	-146.39

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.

Bank of the James Financial Group Accounts Receivable Related Terms

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Bank of the James Financial Group (Bank of the James Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the James Financial Group Inc (NAS:BOTJ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

828 Main Street, Lynchburg, VA, USA, 24504

Website

https://www.bankofthejames.bank

Bank of the James Financial Group Inc is a bank holding company that provides retail and commercial banking, deposit services, lending services, mortgage brokerage services and other banking services. The company provides a range of deposit services including checking accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. It offers various types of secured and unsecured consumer loans, including personal loans, lines of credit, overdraft lines of credit, automobile loans, installment loans, demand loans, and home equity loans. It operates three business segments, community banking; mortgage banking, and investment advisory services.

Executives

Phillip C Jamerson	director	828 MAIN ST, LYNCHBURG VA 24504
Bryant William C Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Alford John R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Foster Watt R Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Lewis C Addison	director	828 MAIN ST, LYNCHBURG VA 24504
J Todd Scruggs	officer: Secretary-Treasurer	PO BOX 1200, LYNCHBURG VA 24505
Umberger Harry P Jr	officer: EVP - Chief Credit Officer	828 MAIN ST, LYNCHBURG VA 24504
Robert R Chapman	director, officer: President	PO BOX 1200, LYNCHBURG VA 24505
Dalton Aubrey Douglas Iii	director	828 MAIN ST, LYNCHBURG VA 24504
Petticolas Augustus A Jr	director	828 MAIN ST, LYNCHBURG VA 24504
Julie P Doyle	director	828 MAIN ST, LYNCHBURG VA 24504
Pettyjohn Thomas W Jr	director	PO BOX 1200, LYNCHBURG VA 24505
Michael A Syrek	officer: EVP - Senior Lending Officer	828 MAIN ST, LYNCHBURG VA 24504
Sorenson Eric John Jr	officer: EVP	828 MAIN STREET, LYNCHBURG VA 24504
Lydia K Langley	director	828 MAIN ST, LYNCHBURG VA 24504