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First Commonwealth Financial (First Commonwealth Financial) Accounts Receivable : $0.0 Mil (As of Dec. 2023)


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What is First Commonwealth Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Commonwealth Financial's accounts receivables for the quarter that ended in Dec. 2023 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Commonwealth Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 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. First Commonwealth Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-87.91.


First Commonwealth Financial Accounts Receivable Historical Data

The historical data trend for First Commonwealth Financial'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.

* Premium members only.

First Commonwealth Financial Accounts Receivable Chart

First Commonwealth Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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First Commonwealth Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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First Commonwealth Financial Accounts Receivable Calculation

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


First Commonwealth Financial 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/120.034*91
=0.00

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

First Commonwealth Financial's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=(1167.979+0.75 * 0+0.5 * 0-10145.214
-0-0)/102.115
=-87.91

* 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.


First Commonwealth Financial Accounts Receivable Related Terms

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First Commonwealth Financial (First Commonwealth Financial) Business Description

Traded in Other Exchanges
Address
601 Philadelphia Street, Indiana, PA, USA, 15701
First Commonwealth Financial Corp functions in the financial services sector in the United States. Through its subsidiary, it offers a range of consumer and commercial banking services such as personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, investment certificates, fixed & variable rate certificates of deposit, and various kinds of loans. It also provides trust and wealth management services and offers insurance products through the Bank. The company earns the majority of its revenue through net interest income.
Executives
Carrie L Riggle officer: EVP/Human Resources 601 PHILADELPHIA STREET, INDIANA PA 15701
Ray T Charley director 22 N 6TH ST, INDIANA PA 15701
Patricia A. Husic director 601 PHILADELPHIA STREET, INDIANA PA 15701
Matthew C Tomb officer: EVP/Chief Risk Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Brian G Karrip officer: EVP/Chief Credit Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Norman J Montgomery officer: EVP/Business Integration 601 PHILADELPHIA STREET, INDIANA PA 15701
James R Reske officer: EVP/Chief Financial Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Leonard V Lombardi officer: EVP/Chief Audit Executive 601 PHILADELPHIA STREET, INDIANA PA 15701
T Michael Price director, officer: President & CEO 601 PHILADELPHIA STREET, INDIANA PA 15701
Robert J Ventura director 601 PHILADELPHIA STREET, INDIANA PA 15701
Gary R Claus director 601 PHILADELPHIA STREET, INDIANA PA 15701
Jane Grebenc director, officer: EVP/Chief Revenue Officer 601 PHILADELPHIA STREET, INDIANA PA 15701
Stephen A Wolfe director 601 PHILADELPHIA STREET, INDIANA PA 15701
Aradhna M Oliphant director 601 PHILADELPHIA STREET, INDIANA PA 15701
David W Greenfield director 601 PHILADELHIA STREET, INDIANA PA 15701