Towne Bank (Towne Bank) Change In Receivables : $-8.5 Mil (TTM As of Dec. 2023)

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What is Towne Bank Change In Receivables?

Towne Bank's change in receivables for the quarter that ended in Dec. 2023 was $-1.9 Mil. It means Towne Bank's Accounts Receivable increased by $1.9 Mil from Sep. 2023 to Dec. 2023 .

Towne Bank's change in receivables for the fiscal year that ended in Dec. 2023 was $-8.5 Mil. It means Towne Bank's Accounts Receivable increased by $8.5 Mil from Dec. 2022 to Dec. 2023 .

Towne Bank's Accounts Receivable for the quarter that ended in Dec. 2023 was $0.0 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. Towne Bank's Days Sales Outstanding for the three months ended in Dec. 2023 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Towne Bank's liquidation value for the three months ended in Dec. 2023 was $-11,521.5 Mil.

Towne Bank Change In Receivables Historical Data

The historical data trend for Towne Bank'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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Towne Bank Change In Receivables Chart

Towne Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.05

1.31

3.02

-14.02

-8.49

Towne Bank 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															-6.09	-1.89	0.30	-4.96	-1.94

Towne Bank 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 $-8.5 Mil.

Towne Bank (NAS:TOWN) 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.

Towne Bank'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	/	156.513	*	91
=	0.00

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

Towne Bank'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)
=	3257.699	-	14779.161	+	0.75 * 0	+	0.5 * 0
=	-11,521.5

Towne Bank Change In Receivables Related Terms

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Towne Bank (Towne Bank) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Towne Bank (NAS:TOWN) » Definitions » Change In Receivables

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Address

5716 High Street, Portsmouth, VA, USA, 23703

Website

https://www.townebank.com

Towne Bank is a financial services company that places special emphasis on serving the financial needs of individuals, commercial enterprises, and professionals, offering retail and commercial banking services to numerous markets in Virginia and North Carolina. The company has three reportable segments: Banking Segment provides loan and deposit services to retail and commercial customers and provides commercial mortgage brokerage services and investment and asset management services, and the Realty Segment provides residential real estate services and mortgage loans. It also provides resort property management and residential and commercial title insurance, and Insurance Segment provides provide a wide array of insurance products, including property, casualty, life, and health insurance.