Affinity Bancshares (Affinity Bancshares) Change In Receivables : $-0.27 Mil (TTM As of Mar. 2024)

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What is Affinity Bancshares Change In Receivables?

Affinity Bancshares's change in receivables for the quarter that ended in Mar. 2024 was $-0.53 Mil. It means Affinity Bancshares's Accounts Receivable increased by $0.53 Mil from Dec. 2023 to Mar. 2024 .

Affinity Bancshares's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.53 Mil. It means Affinity Bancshares's Accounts Receivable increased by $0.53 Mil from Dec. 2022 to Dec. 2023 .

Affinity Bancshares's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.00 Mil.

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 Receivable are being managed. Affinity Bancshares's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Affinity Bancshares's liquidation value for the three months ended in Mar. 2024 was $-636.61 Mil.

Affinity Bancshares Change In Receivables Historical Data

The historical data trend for Affinity Bancshares's Change In Receivables 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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Affinity Bancshares Change In Receivables Chart

Affinity Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

0.55

-4.27

2.76

-0.72

-0.53

Affinity Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial													-0.78	0.52	-0.27	-	-0.53

Affinity Bancshares Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.27 Mil.

Affinity Bancshares (NAS:AFBI) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	7.333	*	91
=	0.00

2. In Ben Graham's calculation of liquidation value, Affinity Bancshares's accounts receivable are only considered to be worth 75% of book value:

Affinity Bancshares's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	109.634	-	746.247	+	0.75 * 0	+	0.5 * 0
=	-636.61

Affinity Bancshares Change In Receivables Related Terms

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Affinity Bancshares (Affinity Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Affinity Bancshares Inc (NAS:AFBI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

3175 Highway 278, Covington, GA, USA, 30014

Website

https://www.myaffinitybank.com

Affinity Bancshares Inc is a holding company of Affinity Bank, a federally chartered stock savings bank that offers a variety of deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans, and residential real estate loans, construction and land loans, and consumer loans. It also invests in securities, which consist of mortgage-backed securities and obligations issued by United States government-sponsored enterprises and Federal Home Loan Bank stock.

Executives

Howard G Roberts	director	3175 HIGHWAY 278, COVINGTON GA 30014
Robin S Reich	director	3175 HIGHWAY 278, COVINGTON GA 30014
Edward John Cooney	director, officer: CEO	3175 HIGHWAY 278, COVINGTON GA 30014
Robert Vickers	director	3175 HIGHWAY 278, COVINGTON GA 30014
Kenneth R Lehman	10 percent owner	122 N GORDON ROAD, FT LAUDERDALE FL 33301
Clark Nelson	officer: EVP and CCO	3175 HIGHWAY 278, COVINGTON GA 30014
Elizabeth Galazka	officer: EVP-Lending	3175 HIGHWAY 278, COVINGTON GA 30014
Brandi C Pajot	officer: SVP - Chief Financial Officer	3175 HIGHWAY 278, COVINGTON GA 30014
Gregory J. Proffitt	officer: President	3175 HIGHWAY 278, COVINGTON GA 30014
Tessa M. Nolan	officer: SVP and CFO	3175 HIGHWAY 278, COVINGTON GA 30014
Fortson William D. Jr.	director	3175 HIGHWAY 278, COVINGTON GA 30014
Bob W. Richardson	director	3175 HIGHWAY 278, COVINGTON GA 30014
Edward P. Stone	director	3175 HIGHWAY 278, COVINGTON GA 30014
Marshall L. Ginn	director	3175 HIGHWAY 278, COVINGTON GA 30014
Mark J Ross	director	3175 HIGHWAY 278, COVINGTON GA 30014

Affinity Bancshares (Affinity Bancshares) Headlines

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