NorthEast Community Bancorp (NorthEast Community Bancorp) Accounts Receivable : $12.3 Mil (As of Dec. 2023)

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What is NorthEast Community Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. NorthEast Community Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $12.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. NorthEast Community Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 42.22.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. NorthEast Community Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-99.46.

NorthEast Community Bancorp Accounts Receivable Historical Data

The historical data trend for NorthEast Community Bancorp'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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NorthEast Community Bancorp Accounts Receivable Chart

NorthEast Community Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.96

3.84

4.28

8.60

12.31

NorthEast Community Bancorp Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															9.92	10.53	11.32	12.31	12.95

NorthEast Community Bancorp Accounts Receivable Calculation

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

NorthEast Community Bancorp 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.

NorthEast Community Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.311	/	26.61	*	91
=	42.22

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

NorthEast Community Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(68.771	+	0.75 * 12.311	+	0.5 * 0	-	1484.81
-	0	-	0)	/	14.1449
=	-99.46

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.

NorthEast Community Bancorp Accounts Receivable Related Terms

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NorthEast Community Bancorp (NorthEast Community Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » NorthEast Community Bancorp Inc (NAS:NECB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

325 Hamilton Avenue, White Plains, NY, USA, 10601

Website

https://www.necb.com

NorthEast Community Bancorp Inc operates as a community-oriented financial institution. It is principally engaged in the business of attracting deposits and investing those funds into mortgage and commercial loans. They conduct their activities throughout the Northeastern United States including New York, Massachusetts, New Jersey, and Connecticut. The company offers a comprehensive line of banking products and services, including mobile banking as well as commercial real estate loans, commercial construction financing, lines of credit, and term loans. It also offers investment advisory and financial planning services.

Executives

Charles A Martinek	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Charles Michael Cirillo	director	C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth H Thomas	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Linda M Swan	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kenneth A Martinek	director, officer: Chairman and CEO	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
John F Mckenzie	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Kevin Patrick Omalley	director	C/O NORTHEAST COMMUNITY BANCORP, INC., 325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Diane B Cavanaugh	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Donald S Hom	officer: EVP and CFO	325 HAMILTON AVE, WHITE PLAINS NY 10601
Jose M Collazo	director, officer: President and COO	325 HAMILTON AVENUE, WHITE PLAINS NY 10601
Eugene M Magier	director	325 HAMILTON AVENUE, WHITE PLAINS NY 10601