First Bancorp (First Bancorp) Change In Receivables

: $-1.9 Mil (TTM As of Dec. 2023)

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First Bancorp's change in receivables for the quarter that ended in Dec. 2023 was $-2.9 Mil. It means First Bancorp's Accounts Receivable increased by $2.9 Mil from Sep. 2023 to Dec. 2023 .

First Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.9 Mil. It means First Bancorp's Accounts Receivable increased by $1.9 Mil from Dec. 2022 to Dec. 2023 .

First Bancorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $37.4 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. First Bancorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 35.07.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Bancorp's liquidation value for the three months ended in Dec. 2023 was $-8,287.3 Mil.

First Bancorp Change In Receivables Historical Data

The historical data trend for First 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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First Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.64

-3.62

-0.77

-3.81

-1.90

First Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-4.38	3.71	-1.71	-0.97	-2.94

First 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 $-1.9 Mil.

First Bancorp (NAS:FBNC) 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.

First 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
=	37.351	/	97.176	*	91
=	35.07

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

First 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)
=	2427.234	-	10742.562	+	0.75 * 37.351	+	0.5 * 0
=	-8,287.3

First Bancorp Change In Receivables Related Terms

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First Bancorp (First Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bancorp (NAS:FBNC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 SW Broad Street, Southern Pines, NC, USA, 28387

Website

https://www.localfirstbank.com

First Bancorp is a bank holding company. The company is engaged in providing banking services such as acceptance of deposits and lending funds to customers for various purposes. It provides checking, savings, and money market accounts, time deposits, including various types of certificates of deposits (CDs) and individual retirement accounts (IRAs). The company also provides loans for various purposes of consumer and commercial purposes, including loans for business, agriculture, real estate, personal uses, home improvement and automobiles. Also, it offers credit cards, debit cards, letters of credit and electronic funds transfer services.

Executives

J Randolph Potter	director	381 HALTON RD., GREENVILLE SC 29607
Elizabeth B Bostian	officer: Chief Financial Officer	2108 CARLISLE ROAD, GREENSBORO NC 27401
Richard H Moore	director	1917 LEWIS CIRCLE, RALEIGH NC 27608
Mclamb Carlie C Jr	director	C/O NEW CENTURY BANK 700 W CUMBERLAND ST, DUNN NC 28334
Michael Goodwin Mayer	officer: President	300 SW BROAD STREET, SOUTHERN PINES NC 28387
Mary Clara Capel	director	P.O. BOX 826, TROY NC 27371
Mason Y Garrett	director	381 HALTON ROAD, GREENVILLE SC 29606
Dexter V Perry	director	111 LYNDENBURY DRIVE, APEX NC 27502
John W Mccauley	director
Gregory A Currie	officer: Chief Banking Officer	204 ELMWOOD DR., GREENSBORO NC 27408
Suzanne S Deferie	director, officer: Regional President	11 CHURCH STREET, ASHEVILLE NC 28801
Crawford James C Iii	director
Frederick Leslie Taylor	director	1207 CEDAR CREEK ROAD, BISCOE NC 27209
Virginia C Thomasson	director
Thomas F Phillips	director