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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Union Bankshares's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Union Bankshares'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. Union Bankshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-247.76.
The historical data trend for Union 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.
Union Bankshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | - | - | - | 57.74 | - |
Union 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 | Get a 7-Day Free Trial | 57.74 | 57.10 | 61.33 | 66.32 | - |
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.
Union 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 |
= | 0 | / | 10.863 | * | 91 |
= | 0.00 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Union Bankshares's accounts receivable are only considered to be worth 75% of book value:
Union 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) | ||
= | (283.502 | + | 0.75 * 0 | + | 0.5 * 0 | - | 1403.072 |
- | 0 | - | 0) | / | 4.51885 | ||
= | -247.76 |
* 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 Union Bankshares's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
Patricia N Hogan | other: Officer of Union Bank | 11 OLD ROUTE 15, CAMBRIDGE VT 05444 |
Dawn D Bugbee | director | 313 WEST SHORE ROAD, SOUTH HERO VT 05486 |
David Scott Silverman | director, officer: President & CEO | 153 LAZY LANE, MORRISVILLE VT 05661 |
Mary K Parent | director | 144 PLEASANT STREET, SAINT JOHNSBURY VT 05819 |
Nancy C Putnam | director | 413 JEFF HEIGHTS ROAD, JEFFERSONVILLE VT 05464 |
Van Dyke Cornelius John | director | P.O. BOX 1090, STOWE VT 05672-1090 |
Vincent W Schoenig | other: Officer of Union Bank | 75 FENIMORE STREET 2, MORRISVILLE VT 05661 |
Janet P Spitler | other: Director of Union Bank | 275 KENNEDY DRIVE, SOUTH BURLINGTON VT 05403 |
Gregory D Sargent | director | 15 CEDAR HILL DRIVE, ST. ALBANS VT 05478 |
Stephen H Kendall | other: Officer of Union Bank | 254 BIRCH ROAD, SHELBURNE VT 05482 |
Jonathan Jay Gould | other: Officer of Union Bank | 18 HUNT ROAD, BRISTOL NH 03222 |
Robert D Hofmann | other: Officer of Union Bank | 223 SNOW HILL ROAD, WATERBURY CENTER VT 05677 |
Carrie R Locklin | other: Officer of Union Bank | 388 WEST HILL ROAD, ST. JOHNSBURY VT 05819 |
Lura L Jacques | other: Officer of Union Bank | 1360 PIDGEON HILL ROAD, FRANKLIN VT 05457 |
Joel S Bourassa | director | PO BOX 568, NORTH WOODSTOCK NH 032620568 |
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