Glen Burnie Bancorp (Glen Burnie Bancorp) Accounts Receivable : $1.19 Mil (As of Dec. 2023)

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What is Glen Burnie Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Glen Burnie Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $1.19 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Glen Burnie Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 37.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Glen Burnie Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-61.38.

Glen Burnie Bancorp Accounts Receivable Historical Data

The historical data trend for Glen Burnie Bancorp'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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Glen Burnie Bancorp Accounts Receivable Chart

Glen Burnie Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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0.96

1.30

1.09

1.16

1.19

Glen Burnie Bancorp 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															1.26	1.14	1.37	1.19	1.28

Glen Burnie Bancorp Accounts Receivable Calculation

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

Glen Burnie Bancorp 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.

Glen Burnie Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.192	/	2.872	*	91
=	37.87

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

Glen Burnie Bancorp'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)
=	(154.668	+	0.75 * 1.192	+	0.5 * 0	-	332.488
-	0	-	0)	/	2.88263
=	-61.38

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.

Glen Burnie Bancorp Accounts Receivable Related Terms

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Glen Burnie Bancorp (Glen Burnie Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Glen Burnie Bancorp (NAS:GLBZ) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Crain Highway, S.E., Glen Burnie, MD, USA, 21061

Website

https://www.thebankofglenburnie.com

Glen Burnie Bancorp is a bank holding company for The Bank of Glen Burnie. It offers retail and commercial banking services such as checking, savings, loans, mobile banking, online banking, wire transfer, ACH services, debit card, automated teller machines, and safe deposit boxes among others. The bank generates its revenue in the form of interest income. All of the revenues are earned within the United States.

Executives

Mary L Wilcox	director	711 MAYO RD, GLEN BURNIE MD 21061
Julie M Mussog	director	1105 MIAMI AVENUE, ANNAPOLIS MD 21403
Stanford Hess	director	43 RIVER OAKS CIRCLE, BALTIMORE MD 21208
Joan Rumenap	director	115 1ST AVENUE, SW, GLEN BURNIE MD 21061
Harrison Norman E Jr	director	1 BARNABY COURT, TIMONIUM MD 21093
John D. Long	director, officer: Executive Vice President	101 CRANE HIGHWAY, S.E., GLEN BURNIE MD 21061
Edward L Maddox	director	323 ARBOR OAKS CT., MILLERSVILLE MD 21108
John Melvin Wright	officer: CFO	1301 MERRITT BOULEVARD, DUNDALK MD 21222
Kuethe F William Jr	director, officer: President	101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
John E Demyan	director	101 CRAIN HWY SE, GLEN BURNIE MD 21061
Andrew Cooch	director	101 CRAIN HIGHWAY SE, GLEN BURNIE MD 21061
Karen B Thowarth	director	201 THIRD AVE SW, GLEN BURNIE MD 21061
Edward B Connelly	officer: COO	207 SANFORD AVENUE, CATONSVILLE MD 21228
Scherer William N Sr	director	24 CRAIN HIGHWAY SW, GLEN BURNIE MD 21061
Joyce Ann Ohmer	officer: Senior Vice President	300 COUNCIL OAK DRIVE, SEVERN MD 21144