Southern First Bancshares (Southern First Bancshares) Accounts Receivable : $0.00 Mil (As of Dec. 2023)

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What is Southern First Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Southern First Bancshares's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Southern First 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. Southern First Bancshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-441.61.

Southern First Bancshares Accounts Receivable Historical Data

The historical data trend for Southern First 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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Southern First Bancshares Accounts Receivable Chart

Southern First Bancshares Annual Data

Trend

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Dec23

Accounts Receivable

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Southern First Bancshares 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															-	-	-	-	-

Southern First Bancshares Accounts Receivable Calculation

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

Southern First 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.

Southern First 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	/	21.39	*	91
=	0.00

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

Southern First 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)
=	(171.523	+	0.75 * 0	+	0.5 * 0	-	3743.322
-	0	-	0)	/	8.08819
=	-441.61

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.

Southern First Bancshares Accounts Receivable Related Terms

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Southern First Bancshares (Southern First Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern First Bancshares Inc (NAS:SFST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Verdae Boulevard, Greenville, SC, USA, 29607

Website

https://www.southernfirst.com

Southern First Bancshares Inc is a bank holding company. The primary business of the company is to serve as the holding company for Southern First Bank. The Bank is engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corp and providing commercial, consumer, and mortgage loans to the general public. The operating segments of the company are Commercial and Retail Banking, Mortgage Banking, and Corporate Operations, of which a majority of the revenue is derived from the Commercial and Retail Banking segment which includes the provision of traditional deposit and lending products and services to its commercial and retail banking clients.

Executives

David G Ellison	director	P.O. BOX 17465, GREENVILLE SC 29606
Anna T Locke	director	P.O. BOX 17465, GREENVILLE SC 29606
David Andrew Borrmann	officer: Chief Financial Officer	P.O. BOX 17465, GREENVILLE SC 29606
Silvia T King	officer: EVP, Chief Human Resource Off	P.O. BOX 17465, GREENVILLE SC 29606
Tecumseh Jr Hooper	director
Calvin C Hurst	officer: Chief Banking Officer	P.O. BOX 17465, GREENVILLE SC 29606
Seaver R Arthur Jr	officer: Chief Executive Officer	P.O. BOX 17465, GREENVILLE SC 29606
Aiken William M. Iii	officer: Chief Risk Officer	PO BOX 17465, GREENVILLE SC 29606
Mark A Cothran	director
Terry Grayson-caprio	director	P.O. BOX 17465, GREENVILLE SC 29606
Anne S Ellefson	director
Ray Lattimore	director	P.O. BOX 17465, GREENVILLE SC 29606
William Iv Maner	director	P.O. BOX 17465, GREENVILLE SC 29606
Michael D Dowling	officer: Executive Vice President, CFO	P.O. BOX 17465, GREENVILLE SC 29606
Leighton M Cubbage	director	P.O. BOX 17465, GREENVILLE SC 29606