Pinnacle Bankshares (Pinnacle Bankshares) Accounts Receivable : $3.44 Mil (As of Mar. 2024)

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What is Pinnacle Bankshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pinnacle Bankshares's accounts receivables for the quarter that ended in Mar. 2024 was $3.44 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pinnacle Bankshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 31.87.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pinnacle Bankshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-298.29.

Pinnacle Bankshares Accounts Receivable Historical Data

The historical data trend for Pinnacle Bankshares'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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Pinnacle Bankshares Accounts Receivable Chart

Pinnacle Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.28

1.63

1.68

2.96

3.26

Pinnacle Bankshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															2.96	2.64	3.25	3.26	3.44

Pinnacle Bankshares Accounts Receivable Calculation

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

Pinnacle Bankshares 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.

Pinnacle Bankshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	3.442	/	9.856	*	91
=	31.87

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

Pinnacle Bankshares's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 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)
=	(268.948	+	0.75 * 3.442	+	0.5 * 0	-	929.448
-	0	-	0)	/	2.20567
=	-298.29

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.

Pinnacle Bankshares Accounts Receivable Related Terms

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Pinnacle Bankshares (Pinnacle Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pinnacle Bankshares Corp (OTCPK:PPBN) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

622 Broad Street, Post Office Box 29, Altavista, VA, USA, 24517

Website

http://www.1stnatbk.com

Pinnacle Bankshares Corp is a bank holding company. It offers commercial and retail banking products and services including checking, savings and time deposits, individual retirement accounts, merchant bankcard processing, residential and commercial mortgages, loans, commercial lines of credit and letters of credit. The company also offers investment, insurance, and annuity products.

Executives

Judson H Dalton	director	C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
C Bryan Stott	director	C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
Hall Aubrey H Iii	officer: Executive Vice President	C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
A Patricia Merryman	director	C/O PINNACLE BANKSHARES CORPORATION, 622 BROAD STREET, ALTAVISTA VA 24517
John L Waller	director
Thomas F Hall	director	PO BOX 1256, AMHERST VA 24521
Bryan M Lemley	officer: Chief Financial Officer	325 SMOKETREE LN, LYNCHBURG VA 24502
Carroll Shelton	director, officer: Senior Vice President
John P Erb	director
A Willard Arthur	director
William F Overacre	director
Gilliam Robert H Jr	director, officer: President and CEO
Michael E Watson	director
Burton James E Iv	director	1314 LEE JACKSON HWY, LYNCHBURG VA 24503