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Affinity Bancshares (Affinity Bancshares) Accounts Receivable : $0.00 Mil (As of Mar. 2024)


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What is Affinity Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Affinity Bancshares's accounts receivables for the quarter that ended in Mar. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Affinity Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Affinity Bancshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-99.21.


Affinity Bancshares Accounts Receivable Historical Data

The historical data trend for Affinity Bancshares's Accounts Receivable 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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Affinity Bancshares Accounts Receivable Chart

Affinity Bancshares Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
3.01 10.36 8.01 - -

Affinity Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Affinity Bancshares Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Affinity Bancshares Accounts Receivable 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 receivables are being managed.

Affinity Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/7.333*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Affinity Bancshares's accounts receivable are only considered to be worth 75% of book value:

Affinity Bancshares's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(109.634+0.75 * 0+0.5 * 0-746.247
-0-0)/6.41663
=-99.21

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Affinity Bancshares Accounts Receivable Related Terms

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Affinity Bancshares (Affinity Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
3175 Highway 278, Covington, GA, USA, 30014
Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.
Executives
Howard G Roberts director 3175 HIGHWAY 278, COVINGTON GA 30014
Robin S Reich director 3175 HIGHWAY 278, COVINGTON GA 30014
Edward John Cooney director, officer: CEO 3175 HIGHWAY 278, COVINGTON GA 30014
Robert Vickers director 3175 HIGHWAY 278, COVINGTON GA 30014
Kenneth R Lehman 10 percent owner 122 N GORDON ROAD, FT LAUDERDALE FL 33301
Clark Nelson officer: EVP and CCO 3175 HIGHWAY 278, COVINGTON GA 30014
Elizabeth Galazka officer: EVP-Lending 3175 HIGHWAY 278, COVINGTON GA 30014
Brandi C Pajot officer: SVP - Chief Financial Officer 3175 HIGHWAY 278, COVINGTON GA 30014
Gregory J. Proffitt officer: President 3175 HIGHWAY 278, COVINGTON GA 30014
Tessa M. Nolan officer: SVP and CFO 3175 HIGHWAY 278, COVINGTON GA 30014
Fortson William D. Jr. director 3175 HIGHWAY 278, COVINGTON GA 30014
Bob W. Richardson director 3175 HIGHWAY 278, COVINGTON GA 30014
Edward P. Stone director 3175 HIGHWAY 278, COVINGTON GA 30014
Marshall L. Ginn director 3175 HIGHWAY 278, COVINGTON GA 30014
Mark J Ross director 3175 HIGHWAY 278, COVINGTON GA 30014

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