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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Broadway Financial's accounts receivables for the quarter that ended in Jun. 2023 was $4.11 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Broadway Financial's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 49.87.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Broadway Financial's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-82.73.
The historical data trend for Broadway Financial'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.
Broadway Financial Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 1.14 | 1.22 | 1.20 | 3.37 | 3.97 |
Broadway Financial Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Accounts Receivable | Get a 7-Day Free Trial | 2.69 | 3.47 | 3.97 | 4.22 | 4.11 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
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.
Broadway Financial's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 4.114 | / | 7.528 | * | 91 |
= | 49.87 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Broadway Financial's accounts receivable are only considered to be worth 75% of book value:
Broadway Financial's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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) | ||
= | (333.258 | + | 0.75 * 4.114 | + | 0.5 * 0 | - | 953.888 |
- | 150 | - | 0.195) | / | 9.27965 | ||
= | -82.73 |
* 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.
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.
Thank you for viewing the detailed overview of Broadway Financial's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Lashanya Demetrice Washington | officer: EVP, Chief Credit Officer | 10616 CHERYL TURN, WALDORF MD 20603 |
Brian E Argrett | director, officer: President/CEO | 12555 W. JEFFERSON BLVD., LOS ANGELES CA 90066 |
Thomas Andrew Nida | officer: EVP, Market Executive | 6445 LUZON AVENUE, N.Q., #517, WASHINGTON DC 20012 |
Brenda J Battey | officer: EVP/Chief Financial Officer | 4800 WILSHIRE BOULEVARD, LOS ANGELES CA 90036 |
Ruth Mccloud | officer: EVP/COO | 5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036 |
Sonja Sanders Wells | officer: EVP/E. Commercial Reg. Exec | 540 N STREET SW, UNIT-S-103, WASHINGTON DC 20024 |
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Mary Ann Donovan | director | 513 7TH STREET NE, WASHINGTON DC 20002 |
David J. Mcgrady | director | 1132 23RD AVENUE E., SEATTLE WA 98112 |
Shannan Alicia Herbert | officer: EVP/Chief Credit Officer | 10104 RUNNING BROOK LANE, UPPER MARLBORO MD 20772 |
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Jack T Thompson | director | 100 JERICHO QUADRANGLE, SUITE 100, JERICHO NY 11753 |
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