New Peoples Bankshares (New Peoples Bankshares) Accounts Receivable

: $3.03 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. New Peoples Bankshares's accounts receivables for the quarter that ended in Dec. 2023 was $3.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. New Peoples Bankshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 29.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. New Peoples Bankshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-25.46.

New Peoples Bankshares Accounts Receivable Historical Data

The historical data trend for New Peoples Bankshares'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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New Peoples Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

2.12

2.39

2.11

2.56

3.03

New Peoples Bankshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																2.56	2.42	2.48	2.75	3.03

New Peoples Bankshares Accounts Receivable Calculation

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

New Peoples Bankshares 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.

New Peoples Bankshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.029	/	9.515	*	91
=	29.05

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

New Peoples Bankshares'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)
=	(154.764	+	0.75 * 3.029	+	0.5 * 0	-	761.502
-	0	-	0)	/	23.7459
=	-25.46

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.

New Peoples Bankshares Accounts Receivable Related Terms

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New Peoples Bankshares (New Peoples Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » New Peoples Bankshares Inc (OTCPK:NWPP) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

67 Commerce Drive, Honaker, VA, USA, 24260

Website

https://www.newpeoples.bank

New Peoples Bankshares Inc is a bank holding company for New Peoples Bank. The Bank offers a range of banking & related financial services focused on serving individuals, small to medium-size businesses, and the professional community. Its main banking services include personal banking, business banking, and financial services. Its banking products comprise checking, savings, deposit accounts, commercial loans, consumer loans, and real estate loans.

Executives

Harold L Keene	director	P. O. BOX 1320, HONAKER VA 24260
B Scott White	director	RT 2, BOX 181-A, CASTLEWOOD VA 24224
Barton Scot Long	other: Director-Subsidiary Bank	300 FOUR WINDS DRIVE, BRISTOL VA 24201
John D Cox	director	13515 EAST CARTERS VALLEY ROAD, GATE CITY VA 24251
John J. Boczar	officer: EVP & Chief Financial Officer	599 TILLIE SCOTT CT, GREENSBORO NC 27455
Christopher Todd Asbury	officer: Senior V.P. & C.F.O.
Kiser W James	officer: EVP/Chief Banking Officer	67 COMMERCE DR, HONAKER VA 24260
Christopher G Speaks	officer: EVP/CFO	104 S. MAIN ST., GREENVILLE SC 29601
J. Robert Buchanan	director	2248 UPPER VALLEY ROAD, TAZEWELL VA 24651
Gina D Boggess	director	PO BOX 5064, PRINCETON WV 24740
Beard John W Jr	officer: EVP & Chief Credit Officer	NEW PEOPLES BANKSHARES, INC., 67 COMMERCE DRIVE, HONAKER VA 24260
Joseph Darrell Pennington	officer: SVP & Chief Financial Officer	5724 BRADINGTON CT, GLEN ALLEN VA 23059
Karen D Wimmer	officer: EVP & Chief Credit Officer	67 COMMERCE DRIVE, HONAKER VA 24260
Richard G Preservati	10 percent owner	PO BOX 1003, PRINCETON WV 24740
Gent Charles H Jr	director	P. O. BOX 330, HONAKER VA 24260

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