The Bancorp (The Bancorp) Accounts Receivable

: $37.5 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. The Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $37.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 28.75.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-95.57.

The Bancorp Accounts Receivable Historical Data

The historical data trend for The 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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The Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

13.62

20.46

17.87

32.01

37.53

The Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																32.01	33.73	34.06	34.16	37.53

The Bancorp Accounts Receivable Calculation

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

The 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.

The 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
=	37.534	/	119.148	*	91
=	28.75

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

The 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)
=	(1785.624	+	0.75 * 37.534	+	0.5 * 0	-	6898.414
-	0	-	0)	/	53.2026
=	-95.57

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.

The Bancorp Accounts Receivable Related Terms

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The Bancorp (The Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Bancorp Inc (NAS:TBBK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

409 Silverside Road, Wilmington, DE, USA, 19809

Website

https://www.thebancorp.com

The Bancorp Inc is a financial holding company, through its subsidiary it is engaged in specialty lending namely securities-backed lines of credit, vehicle fleet and another equipment leasing, Small Business Administration lending, and commercial mortgage-backed loans, generated for sale into commercial mortgage-backed securities markets through securitizations. The company deposits and non-interest income are generated in the payments business which consists of issuing, acquiring, and automated clearing house accounts. The firm also generates revenue from prepaid cards.

Executives

Matthew Cohn	director	405 SILVERSIDE ROAD, WILMINGTON DE 19809
Daniela Mielke	director	8500 GOVERNORS HILL DRIVE, SYMMES TOWNSHIP OH 45249
Olek Derowe	officer: EVP Head Commercial RE	409 SILVERSIDE ROAD, WILMINGTON DE 19809
Jeffrey A Nager	officer: EVP Head of Commercial Lending	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Ryan Harris	officer: EVP Co Hd Payment Solutions	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Jennifer F Terry	officer: EVP Chief HR Officer	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Cheryl Creuzot	director	409 SILVERSIDE ROAD, WILMINGTON DE 19809
Thomas G. Pareigat	officer: EVP General Counsel	THE BANCORP, INC., 409 SILVERSIDE ROAD, WILMINGTON DE 19809
Erika R Caesar	officer: MD Assistant GC, CDO	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Michael J Bradley	director	1370 SOUTH LEOPARD ROAD, BERWYN PA 19312
Damian Kozlowski	director, officer: CEO and President	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Daniel G Cohen	director	712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Walter T Beach	director	409 SILVERSIDE ROAD, WILMINGTON DE 19809
John Leto	officer: EVP Head of Institutional Bank	409 SILVERSIDE ROAD, SUITE 105, WILMINGTON DE 19809
Mcentee James J Iii	director	405 SILVERSIDE ROAD, WILMINGTON DE 19809