Elmer Bancorp (Elmer Bancorp) Accounts Receivable : $0.88 Mil (As of Dec. 2007)

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What is Elmer Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Elmer Bancorp's accounts receivables for the quarter that ended in Dec. 2007 was $0.88 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Elmer Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2007 was 31.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Elmer Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2007 was $-156.55.

Elmer Bancorp Accounts Receivable Historical Data

The historical data trend for Elmer Bancorp'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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Elmer Bancorp Accounts Receivable Chart

Elmer Bancorp Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Accounts Receivable

0.61

0.75

0.81

0.87

0.88

Elmer Bancorp Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Accounts Receivable	Get a 7-Day Free Trial											0.87	0.97	0.91	1.07	0.88

Elmer Bancorp Accounts Receivable Calculation

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

Elmer Bancorp 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.

Elmer Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.881	/	2.593	*	91
=	31.00

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

Elmer Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2007 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)
=	(5.279	+	0.75 * 0.881	+	0.5 * 0	-	194.431
-	0	-	0)	/	1.204
=	-156.55

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.

Elmer Bancorp Accounts Receivable Related Terms

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Elmer Bancorp (Elmer Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Elmer Bancorp Inc (OTCPK:ELMA) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South Main Street, P. O. Box 980, Elmer, NJ, USA, 08318

Website

https://www.elmerbank.com

Elmer Bancorp Inc is a bank holding company incorporated in the State of New Jersey. Its First National Bank of Elmer (the Bank) operates under a national bank charter and provides a complete line of business and personal banking products. The Bank operates through its six full-service offices located in Cumberland, Gloucester and Salem counties in New Jersey. The majority of the Bank's activities are with customers located within Southern New Jersey.