Summit Financial Group (Summit Financial Group) Change In Receivables : $-2.6 Mil (TTM As of Dec. 2023)

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What is Summit Financial Group Change In Receivables?

Summit Financial Group's change in receivables for the quarter that ended in Dec. 2023 was $-0.2 Mil. It means Summit Financial Group's Accounts Receivable increased by $0.2 Mil from Sep. 2023 to Dec. 2023 .

Summit Financial Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.6 Mil. It means Summit Financial Group's Accounts Receivable increased by $2.6 Mil from Dec. 2022 to Dec. 2023 .

Summit Financial Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $20.0 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. Summit Financial Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 39.87.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Summit Financial Group's liquidation value for the three months ended in Dec. 2023 was $-3,624.1 Mil.

Summit Financial Group Change In Receivables Historical Data

The historical data trend for Summit Financial Group'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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Summit Financial Group Change In Receivables Chart

Summit Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.70

-2.00

1.56

-5.29

-2.64

Summit Financial Group 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															-0.40	-0.44	-1.59	-0.22	-

Summit Financial Group 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.6 Mil.

Summit Financial Group (NAS:SMMF) 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.

Summit Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.004	/	45.786	*	91
=	39.87

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

Summit Financial Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	554.994	-	4194.114	+	0.75 * 20.004	+	0.5 * 0
=	-3,624.1

Summit Financial Group Change In Receivables Related Terms

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Summit Financial Group (Summit Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit Financial Group Inc (NAS:SMMF) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 North Main Street, Moorefield, WV, USA, 26836

Website

http://www.summitfgi.com

Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings, and time deposits; commercial, real estate, and consumer loans; trust and wealth management services; and cash management services.

Executives

Gary L Hinkle	director	PO BOX 65, CIRCLEVILLE WV 26804
Jill S Upson	director	336 PEBBLE BEACH DRIVE, CHARLES TOWN WV 25414
Scott C Jennings	director, officer: Senior VP/ COO	PO BOX 438, MOOREFIELD WV 26836
Oscar M Bean	director	PO BOX 179, MOOREFIELD WV 26836
Joseph Hager	officer: EVP & Chief Risk Officer	221 HAYES AVENUE, CHARLESTON WV 25314
Patricia L Owens	officer: Ex. VP & Chief Banking Officer	9328 EAGEL CT, MANASSAS PARK VA 20111
Danyl R Freeman	officer: EVP & Chief Human Resources Of	388 VALLEY VIEW ROAD, MOOREFIELD WV 26836
Angela R Zirk	officer: EVP & Chief Experience Officer	PO BOX 23, OLD FIELDS WV 26845
Lauren N. Kimlel	officer: EVP & Chief Banking Officer	22453 INDIAN POINT ROAD, BOZMAN MD 21612
David Wilson	director	POST OFFICE BOX 2707, EASTON MD 21601
John H Shott	director	PO BOX 407, BLUEFIELD WV 24701
Jason A Kitzmiller	director	8070 LUNICE CREEK, MAYSVILLE WV 26833
Charles Pieirillo	director	PO BOX 38, MADISON WV 25130
James M Cookman	director	PO BOX 179, MOOREFIELD WV 26836
Georgette R. George	director	PO BOX 8523, CHARLESTON WV 25303