Provident Financial Services (Provident Financial Services) Change In Receivables

: $-7.1 Mil (TTM As of Dec. 2023)

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Provident Financial Services's change in receivables for the quarter that ended in Dec. 2023 was $-3.2 Mil. It means Provident Financial Services's Accounts Receivable increased by $3.2 Mil from Sep. 2023 to Dec. 2023 .

Provident Financial Services's change in receivables for the fiscal year that ended in Dec. 2023 was $-7.1 Mil. It means Provident Financial Services's Accounts Receivable increased by $7.1 Mil from Dec. 2022 to Dec. 2023 .

Provident Financial Services's Accounts Receivable for the quarter that ended in Dec. 2023 was $59.0 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. Provident Financial Services's Days Sales Outstanding for the three months ended in Dec. 2023 was 46.89.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Provident Financial Services's liquidation value for the three months ended in Dec. 2023 was $-10,605.6 Mil.

Provident Financial Services Change In Receivables Historical Data

The historical data trend for Provident Financial Services'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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Provident Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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2.44

8.47

4.46

-9.91

-7.06

Provident Financial Services 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															-0.14	-1.81	-1.90	-3.23	-

Provident Financial Services 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 $-7.1 Mil.

Provident Financial Services (NYSE:PFS) 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.

Provident Financial Services's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	58.966	/	114.756	*	91
=	46.89

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

Provident Financial Services'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)
=	1870.367	-	12520.214	+	0.75 * 58.966	+	0.5 * 0
=	-10,605.6

Provident Financial Services Change In Receivables Related Terms

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Provident Financial Services (Provident Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Provident Financial Services Inc (NYSE:PFS) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PQ3:Germany

Address

239 Washington Street, Jersey, NJ, USA, 07302

Website

https://www.provident.bank

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.

Executives

James P Dunigan	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola	officer: EVP & Chief Retail Banking Ofc	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Walter Sierotko	officer: EVP/CLO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Frank L Fekete	director
Bennett Macdougall	officer: EVP, General Counsel, Sec	239 WASHINGTON STREET, JERSEY CITY NJ 07302
George Lista	officer: President/CEO SB One Insurance	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta	director, officer: President and COO	SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Adriano M. Duarte	officer: EVP & CAO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney	director	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy	officer: SVP, CRO of Provident Bank, other: General Auditor	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Ravi Vakacherla	officer: Chief Digital & Innovation Off	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray	officer: SVP & Chief Wealth Mgmt Ofc	239 WASHINGTON STREET, JERSEY CITY NJ 07302
John Pugliese	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Nadine Duchemin-leslie	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302