First Farmers Financial (First Farmers Financial) Change In Receivables : $-8.9 Mil (TTM As of Mar. 2024)

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What is First Farmers Financial Change In Receivables?

First Farmers Financial's change in receivables for the quarter that ended in Mar. 2024 was $-0.1 Mil. It means First Farmers Financial's Accounts Receivable increased by $0.1 Mil from Dec. 2023 to Mar. 2024 .

First Farmers Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-6.8 Mil. It means First Farmers Financial's Accounts Receivable increased by $6.8 Mil from Dec. 2022 to Dec. 2023 .

First Farmers Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.0 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. First Farmers Financial'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. First Farmers Financial's liquidation value for the three months ended in Mar. 2024 was $-2,142.3 Mil.

First Farmers Financial Change In Receivables Historical Data

The historical data trend for First Farmers 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.

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First Farmers Financial Change In Receivables Chart

First Farmers Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-2.86

-6.68

-0.80

-14.31

-6.84

First Farmers Financial Quarterly Data
	Jun19	Sep19	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															1.91	-4.11	-6.09	1.45	-0.13

First Farmers 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8.9 Mil.

First Farmers Financial (OTCPK:FFMR) 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.

First Farmers Financial'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	/	30.552	*	91
=	0.00

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

First Farmers Financial'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)
=	714.503	-	2856.846	+	0.75 * 0	+	0.5 * 0
=	-2,142.3

First Farmers Financial Change In Receivables Related Terms

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First Farmers Financial (First Farmers Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Farmers Financial Corp (OTCPK:FFMR) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

123 North Jefferson Street, Converse, IN, USA, 46919

Website

https://www.ffbt.com

First Farmers Financial Corp and its subsidiaries operate in the banking industry. The bank categorized its services into personal, business, borrowing, and investment divisions. Its products and services include deposits, retirement and health saving accounts, consumer loans, home equity, and account management and leasing. The bank makes commercial, installment and mortgage loans to and receives deposits from customers through its offices located in the Indiana counties of Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo, and Wabash; and Illinois counties of Coles, Edgar, and Vermilion.