Parke Bancorp (Parke Bancorp) Change In Receivables

: $-4.96 Mil (TTM As of Dec. 2023)

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Parke Bancorp's change in receivables for the quarter that ended in Dec. 2023 was $0.78 Mil. It means Parke Bancorp's Accounts Receivable declined by $0.78 Mil from Sep. 2023 to Dec. 2023 .

Parke Bancorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-4.96 Mil. It means Parke Bancorp's Accounts Receivable increased by $4.96 Mil from Dec. 2022 to Dec. 2023 .

Parke Bancorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $8.56 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. Parke Bancorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 45.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Parke Bancorp's liquidation value for the three months ended in Dec. 2023 was $-1,545.30 Mil.

Parke Bancorp Change In Receivables Historical Data

The historical data trend for Parke 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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Parke Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

-0.18

-1.88

-1.06

-0.73

-4.96

Parke 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																-0.95	0.20	-3.11	-2.83	0.78

Parke 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 $-4.96 Mil.

Parke Bancorp (NAS:PKBK) 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.

Parke 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
=	8.555	/	16.994	*	91
=	45.94

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

Parke 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)
=	187.471	-	1739.183	+	0.75 * 8.555	+	0.5 * 0
=	-1,545.30

Parke Bancorp Change In Receivables Related Terms

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Parke Bancorp (Parke Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Delsea Drive, Washington Township, NJ, USA, 08080

Website

https://www.parkebank.com

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

Executives

Jeffrey H Kripitz	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Vito S Pantilione	director, officer: President	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Nicholas J Pantilione	officer: SVP & Chief Lending Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Ralph Martin Gallo	officer: Executive VP/COO	601 DELSEA DRIVE, SEWELL NJ 08080
Arret F Dobson	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Daniel J Dalton	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Celestino R Pennoni	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Paul E Palmieri	officer: SVP & Chief Credit Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Edward Infantolino	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Sheppard Jack C Jr	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
John S Kaufman	officer: SVP and CFO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
John F Hawkins	officer: CFO/SVP	601 DELSEA DRIVE, SEWELL NJ 08080
Anthony J Jannetti	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Elizabeth A Milavsky	officer: Chief Operating Officer/EVP	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Fred G Choate	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080