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Logansport Financial (Logansport Financial) Accounts Receivable : $2.29 Mil (As of Dec. 2023)


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What is Logansport Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Logansport Financial's accounts receivables for the quarter that ended in Dec. 2023 was $2.29 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Logansport Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 50.61.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Logansport Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-263.47.


Logansport Financial Accounts Receivable Historical Data

The historical data trend for Logansport 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.

Logansport Financial Accounts Receivable Chart

Logansport Financial Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec08 Dec09 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 1.57 1.57 1.91 2.29

Logansport Financial Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec08 Dec09 Dec20 Dec21 Dec22 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 0.84 1.57 1.57 1.91 2.29

Logansport Financial Accounts Receivable Calculation

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


Logansport 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.

Logansport 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
=2.29/8.258*91
=50.61

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

Logansport 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)
=(64.214+0.75 * 2.29+0.5 * 0-226.996
-0-0)/0.61133
=-263.47

* 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.


Logansport Financial Accounts Receivable Related Terms

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Logansport Financial (Logansport Financial) Business Description

Traded in Other Exchanges
N/A
Address
723 East Broadway, Logansport, IN, USA, 46947
Logansport Financial Corp is the holding company for Logansport Savings Bank. It is engaged primarily in the business of attracting retail deposits from the public. The company provides Personal Banking; Personal Lending and Business Banking.
Executives
Allen D Schieber officer: Senior Vice President C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Thomas G Williams director C/O LOGANSPORT FINANCIAL CORP, 723 EAST BROADWAY, LOGANSPORT IN 46947
David G Wihebrink director, officer: President and CEO C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
William Jr Tinchler director C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947
Charles J Evans director, officer: Senior Vice President C/O LOGANSPORT FINANCIAL CORP, 723 E BROADWAY, LOGANSPORT IN 46947

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