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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Independent Bank's accounts receivables for the quarter that ended in Mar. 2024 was $0.0 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Independent Bank's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. Independent Bank's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-352.07.
The historical data trend for Independent Bank'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.
Independent Bank Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | - | - |
Independent Bank 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 | - | - | - | - | - |
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.
Independent Bank's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 0 | / | 164.904 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Independent Bank's accounts receivable are only considered to be worth 75% of book value:
Independent Bank's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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) | ||
= | (1494.147 | + | 0.75 * 0 | + | 0.5 * 0 | - | 16440.405 |
- | 0 | - | 0) | / | 42.4525 | ||
= | -352.07 |
* 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 Independent Bank's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
John J Morrissey | director | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Jeffrey J Tengel | director, officer: Chief Executive Officer | 1900 EAST NINTH STREET, CLEVELAND OH 44114 |
Lee C Powlus | officer: Chief Tech & Operations Off. | 850 MAIN STREET, BRIDGEPORT CT 06604 |
Patricia M Natale | officer: General Counsel | |
Barry H Jensen | officer: Chief Information Officer | INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Mark J Ruggiero | officer: Principal Accounting Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Scott Smith | director | 320 NORWOOD PARK SOUTH, NORWOOD MA 02062 |
Maureen A. Gaffney | officer: Principal Accounting Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Christopher Oddleifson | director, officer: President and CEO | |
Eileen C Miskell | director | C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370 |
Edward H Seksay | officer: General Counsel | C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370 |
Robert D Cozzone | officer: CFO and Treasurer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Dawn Mugford | officer: Chief Risk Officer | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Donna L Abelli | director | INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
Gerard F Nadeau | officer: Executive Vice President | C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370 |
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