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Commerce Bancshares (Commerce Bancshares) Accounts Receivable : $0 Mil (As of Dec. 2023)


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What is Commerce Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Commerce Bancshares's accounts receivables for the quarter that ended in Dec. 2023 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Commerce Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Commerce Bancshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-125.64.


Commerce Bancshares Accounts Receivable Historical Data

The historical data trend for Commerce Bancshares'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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Commerce Bancshares Accounts Receivable Chart

Commerce Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Commerce Bancshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Commerce Bancshares Accounts Receivable Calculation

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


Commerce Bancshares 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.

Commerce Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/400.901*91
=0.00

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

Commerce Bancshares'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)
=(12366.917+0.75 * 0+0.5 * 0-28736.831
-0-20.114)/130.453
=-125.64

* 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.


Commerce Bancshares Accounts Receivable Related Terms

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Commerce Bancshares (Commerce Bancshares) Business Description

Traded in Other Exchanges
Address
1000 Walnut, Kansas City, MO, USA, 64106
Commerce Bancshares Inc. is a $22 billion regional bank that provides a diversified line of financial services, including business and personal banking, wealth management, financial planning, and investments through its affiliated companies. Commerce Bank operates in more than 200 locations in the central United States. Commerce Bancshares also has operating subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital, and real estate activities.
Executives
David W Kemper director, officer: Chairman, CEO and President PO BOX 419248, KANSAS CITY MO 64141-6248
Blackford F Brauer director P.O. BOX 419248, KANSAS CITY MO 64141-6248
Paula S Petersen officer: Senior Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
Patricia R Kellerhals officer: Senior Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
Derrick Brooks officer: Senior Vice President COMMERCE BANK, PO BOX 419248, KANSAS CITY MO 64141-6248
Douglas D Neff officer: Senior Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
John W Kemper officer: Senior Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
David L. Roller officer: Senior Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
Rassieur Benjamin F Iii director PO BOX 419248, KANSAS CITY MO 64141-6248
Thomas J Noack officer: Senior Vice President P.O. BOX 419248, KANSAS CITY MO 64141-6248
Robert S Holmes officer: Executive Vice President PO BOX 419248, KANSAS CITY MO 64141-6248
William Kyle Chapman director P.O. BOX 419248, KANSAS CITY MO 64141-6248
Christine B Taylor-broughton director P.O. BOX 419248, KANSAS CITY MO 64141-6248
June Mcallister Fowler director P.O. BOX 419248, KANSAS CITY MO 64141-6248
Kim L Jakovich officer: Senior Vice President P.O. BOX 419248, KANSAS CITY MO 64141-6248