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Cornerstone Financial (Cornerstone Financial) Change In Receivables : $0.19 Mil (TTM As of Mar. 2012)


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What is Cornerstone Financial Change In Receivables?

Cornerstone Financial's change in receivables for the quarter that ended in Mar. 2012 was $0.12 Mil. It means Cornerstone Financial's Accounts Receivable declined by $0.12 Mil from Dec. 2011 to Mar. 2012 .

Cornerstone Financial's change in receivables for the fiscal year that ended in Dec. 2011 was $0.08 Mil. It means Cornerstone Financial's Accounts Receivable declined by $0.08 Mil from Dec. 2010 to Dec. 2011 .

Cornerstone Financial's Accounts Receivable for the quarter that ended in Mar. 2012 was $1.77 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. Cornerstone Financial's Days Sales Outstanding for the three months ended in Mar. 2012 was 47.51.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cornerstone Financial's liquidation value for the three months ended in Mar. 2012 was $-357.99 Mil.


Cornerstone Financial Change In Receivables Historical Data

The historical data trend for Cornerstone Financial'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.

* Premium members only.

Cornerstone Financial Change In Receivables Chart

Cornerstone Financial Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Change In Receivables
Get a 7-Day Free Trial Premium Member Only -0.31 -0.34 -1.37 -0.30 0.08

Cornerstone Financial Quarterly Data
Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12
Change In Receivables 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 0.01 -0.14 0.71 -0.50 0.12

Cornerstone Financial 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. 2012 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.19 Mil.

* 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.


Cornerstone Financial  (OTCPK:CFIC) 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.

Cornerstone Financial's Days Sales Outstanding for the quarter that ended in Mar. 2012 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.768/3.396*91
=47.51

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

Cornerstone Financial's liquidation value for the quarter that ended in Mar. 2012 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=5.736-365.051+0.75 * 1.768+0.5 * 0
=-357.99

* 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.


Cornerstone Financial Change In Receivables Related Terms

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Cornerstone Financial (Cornerstone Financial) Business Description

Traded in Other Exchanges
N/A
Address
6000 Midlantic Drive, Suite 120S, Mount Laurel, NJ, USA, 08054
Cornerstone Financial Corp provides a range of lending, deposit, and financial products. It emphasizes commercial real estate and commercial lending to small businesses and professionals. It offers savings, business lending, mobile banking, online banking, and other services.

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