Norwood Financial (Norwood Financial) Accounts Receivable : $8.12 Mil (As of Dec. 2023)

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What is Norwood Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Norwood Financial's accounts receivables for the quarter that ended in Dec. 2023 was $8.12 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Norwood Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Norwood Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-190.07.

Norwood Financial Accounts Receivable Historical Data

The historical data trend for Norwood 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.

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Norwood Financial Accounts Receivable Chart

Norwood Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.72

6.23

5.89

6.92

8.12

Norwood Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															6.63	7.28	7.76	8.12	8.14

Norwood Financial Accounts Receivable Calculation

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

Norwood 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.

Norwood 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
=	8.123	/	17.416	*	91
=	42.56

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

Norwood 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)
=	(472.379	+	0.75 * 8.123	+	0.5 * 0	-	2020.009
-	0	-	0)	/	8.11016
=	-190.07

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.

Norwood Financial Accounts Receivable Related Terms

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Norwood Financial (Norwood Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Norwood Financial Corp (NAS:NWFL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Main Street, P.O. Box 269, Honesdale, PA, USA, 18431

Website

https://www.wayne.bank

Norwood Financial Corp is a U.S.-based bank holding company. It offers various personal and business credit services, trust and investment products, and real estate settlement services to consumers, businesses, nonprofit organizations, and municipalities in each of the communities that the bank serves. The bank also manages automated teller machines at its branch location. It serves the Pennsylvanian counties of Wayne, Pike, Monroe, and Lackawanna, as well as Susquehanna County.

Executives

Andrew Forte	director	717 MAIN STREET, HONESDALE PA 18431
James O Donnelly	officer: President & CEO	717 MAIN ST, HONESDALE PA 18431
Jeffrey S Gifford	director	GIFFORD JEFFREY S, 717 MAIN STREET, HONESDALE PA 18431
Joseph W Adams	director	717 MAIN STREET, HONESDALE PA 18431
William S Lance	officer: EVP & CFO	717 MAIN STREET, HONESDALE PA 18431
John F Carmody	officer: EVP & Chief Credit Officer	717 MAIN STREET, HONESDALE PA 18431
Lewis J Critelli	director, officer: President & CEO	P O BOX 269, 717 MAIN ST, HONESDALE PA 18431
Alexandra K Nolan	director	NOLAN ALEXANDRA K, 717 MAIN STREET, HONESDALE PA 18431
Robert J Mancuso	officer: EVP & Chief Credit Officer	717 MAIN STREET, HONESDALE PA 18431
Vincent O'bell	officer: See Remarks	717 MAIN STREET, HONESDALE PA 18431
Davis William W Jr	director, officer: Chairman of the Board	P O BOX 269, 717 MAIN ST, HONESDALE PA 18431
Kenneth A Phillips	director	P O BOX 269, 717 MAIN ST, HONESDALE PA 18431
John H Sanders	officer: Senior Vice President	P O BOX 269, 717 MAIN ST, HONESDALE PA 18431
Susan Campfield	director	717 MAIN STREET, HONESDALE PA 18431
Meg L Hungerford	director	717 MAIN STREET, HONESDALE PA 18431