Center Bancorp (Center Bancorp) Change In Receivables : $-3.0 Mil (TTM As of Dec. 2023)

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What is Center Bancorp Change In Receivables?

Center Bancorp's change in receivables for the quarter that ended in Dec. 2023 was $-2.3 Mil. It means Center Bancorp's Accounts Receivable increased by $2.3 Mil from Sep. 2023 to Dec. 2023 .

Center Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-3.0 Mil. It means Center Bancorp's Accounts Receivable increased by $3.0 Mil from Dec. 2022 to Dec. 2023 .

Center Bancorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $49.1 Mil.

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 Receivable are being managed. Center Bancorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 67.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Center Bancorp's liquidation value for the three months ended in Dec. 2023 was $-7,742.3 Mil.

Center Bancorp Change In Receivables Historical Data

The historical data trend for Center Bancorp's Change In Receivables 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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Center Bancorp Change In Receivables Chart

Center Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.30

-11.46

1.17

-11.91

-3.05

Center Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-0.24	0.06	-0.56	-2.31	-

Center Bancorp Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.0 Mil.

Center Bancorp (NAS:CNBC) Change In Receivables 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 Receivable are being managed.

Center 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
=	49.108	/	66.031	*	91
=	67.86

2. In Ben Graham's calculation of liquidation value, Center Bancorp's accounts receivable are only considered to be worth 75% of book value:

Center Bancorp's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	859.876	-	8638.983	+	0.75 * 49.108	+	0.5 * 0
=	-7,742.3

Center Bancorp Change In Receivables Related Terms

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Center Bancorp (Center Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Center Bancorp Inc (NAS:CNBC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

CNOB:USA CBM:Germany

Address

301 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632

Website

https://www.connectonebank.com

ConnectOne Bancorp Inc is a holding company. The company through its holding provides banking services including lending, depository, and related financial services to commercial, industrial and governmental customers. It is managed as one segment: a community bank. It generates revenue from net interest income.

Executives

Frank Iii Huttle	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Alexander Bol	director	C/O CENTER BANCORP INC, 2455 MORRIS AVENUE, UNION NJ 07083
William Thompson	director	C/O CENTER BANCORP INC, 2455 MORRIS AVENUE, UNION NJ 07083
Frank W Baier	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Mark Sokolich	director	204 MAIN STREET, FORT LEE NJ 07024
Nicholas Minoia	director	17 REGER ROAD, SUCCASUNNA NJ 07876
Michael W Kempner	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Joseph Jr. Parisi	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Stephen T. Boswell	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Katherin Nukk-freeman	director	C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Daniel E Rifkin	director	C/O CONNECTONE BANK, 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Elizabeth Magennis	officer: EVP & Chief Lending Officer	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Michael J. Mcgrover	officer: FSVP & Chief Credit Officer	C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Frank Iii Sorrentino	director, officer: Chairman, President & CEO	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Christopher J. Ewing	officer: EVP & Chief Operations Officer	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632