JSB Financial (JSB Financial) Accounts Receivable : $1.25 Mil (As of Sep. 2007)

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What is JSB Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. JSB Financial's accounts receivables for the quarter that ended in Sep. 2007 was $1.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. JSB Financial's Days Sales Outstanding for the quarter that ended in Sep. 2007 was 38.09.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. JSB Financial's Net-Net Working Capital per share for the quarter that ended in Sep. 2007 was $-748.77.

JSB Financial Accounts Receivable Historical Data

The historical data trend for JSB 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.

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JSB Financial Accounts Receivable Chart

JSB Financial Annual Data

Trend

Accounts Receivable

JSB Financial Quarterly Data
	Mar07	Jun07	Sep07
Accounts Receivable	1.15	1.39	1.25

JSB Financial Accounts Receivable Calculation

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

JSB Financial 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.

JSB Financial's Days Sales Outstanding for the quarter that ended in Sep. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.248	/	2.99	*	91
=	38.09

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

JSB Financial's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2007 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)
=	(4.628	+	0.75 * 1.248	+	0.5 * 0	-	230.194
-	0	-	0)	/	0.3
=	-748.77

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.

JSB Financial Accounts Receivable Related Terms

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JSB Financial (JSB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » JSB Financial Inc (OTCPK:JFWV) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

105 East Washington Street, P.O. Box 35, Shepherdstown, WV, USA, 25443

Website

https://www.jsb.bank

JSB Financial Inc Formerly Jefferson Security Bank W Va provides a full range of banking services to individuals, agricultural businesses and commercial businesses located in its service area. The company accepts various deposit products, such as checking, savings, money market, individual retirement, certificates of deposit, and overdraft protection products. Its loan portfolio includes personal and vehicle, mortgage, construction, commercial, and other loans. The company also offers ATM, online and mobile banking, bill pay, e-statements, cash management, remote deposit capture services, credit and debit cards, as well as provides security tips.

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