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First Niles Financial (First Niles Financial) Accounts Receivable : $0.00 Mil (As of Jun. 2018)


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What is First Niles Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Niles Financial's accounts receivables for the quarter that ended in Jun. 2018 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Niles Financial's Days Sales Outstanding for the quarter that ended in Jun. 2018 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 Niles Financial's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was $-81.08.


First Niles Financial Accounts Receivable Historical Data

The historical data trend for First Niles 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 Niles Financial Accounts Receivable Chart

First Niles Financial Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec13 Dec14 Dec15
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.58 0.32 0.29 0.30

First Niles Financial Semi-Annual Data
Jun99 Dec99 Jun00 Dec00 Jun01 Dec01 Jun02 Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec13 Dec14 Dec15 Jun17 Jun18
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 Premium Member Only Premium Member Only 0.32 0.29 0.30 - -

First Niles Financial Accounts Receivable Calculation

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


First Niles 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 Niles Financial's Days Sales Outstanding for the quarter that ended in Jun. 2018 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/1.06*91
=0.00

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

First Niles Financial's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 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)
=(0+0.75 * 0+0.5 * 0-89.192
-0-0)/1.100
=-81.08

* 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 Niles Financial Accounts Receivable Related Terms

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First Niles Financial (First Niles Financial) Business Description

Traded in Other Exchanges
N/A
Address
55 North Main Street, P.O. Box 311, Niles, OH, USA, 44446-0311
First Niles Financial Inc is a unitary, non-diversified holding company. It conducts a general banking business in Niles, Ohio, which consists of attracting deposits from the general public and applying those funds to the origination of loans for residential, commercial, and consumer purposes. The primary sources of revenue for the company are from interest and dividend income on loans and securities along with noninterest revenue resulting from investment security gains, loan servicing, gains on the sale of loans, commitment fees, fees from financial guarantees, certain credit cards fees, and income on bank-owned life insurance.

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