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Hingham Institution forvings (Hingham Institution forvings) Accounts Receivable : $7.39 Mil (As of Jun. 2023)


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What is Hingham Institution forvings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Hingham Institution forvings's accounts receivables for the quarter that ended in Jun. 2023 was $7.39 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Hingham Institution forvings's Days Sales Outstanding for the quarter that ended in Jun. 2023 was 36.05.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Hingham Institution forvings's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was $-1,651.44.


Hingham Institution forvings Accounts Receivable Historical Data

The historical data trend for Hingham Institution forvings'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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Hingham Institution forvings Accounts Receivable Chart

Hingham Institution forvings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.93 5.27 5.47 7.12 8.55

Hingham Institution forvings Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Dec23
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 6.11 6.38 7.12 7.39 8.55

Hingham Institution forvings Accounts Receivable Calculation

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


Hingham Institution forvings 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.

Hingham Institution forvings's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.388/18.698*91
=36.05

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

Hingham Institution forvings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(354.084+0.75 * 7.388+0.5 * 0-3910.874
-0-0)/2.1504
=-1,651.44

* 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.


Hingham Institution forvings Accounts Receivable Related Terms

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Hingham Institution forvings (Hingham Institution forvings) Business Description

Traded in Other Exchanges
Address
55 Main Street, Hingham, MA, USA, 02043
Hingham Institution for Savings is a savings bank based in Hingham, Massachusetts and is involved in the business of residential and commercial real estate mortgage lending and also financial and banking services. The bank's financial services include personal checking accounts, personal mortgages, home equity lines of credit, money market accounts, savings accounts, certificates of deposit and business checking accounts. Its lending portfolio mainly encompasses commercial real estate, residential owner occupied real estate and loans for construction of residential real estate.

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