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Banc of California (Banc of California) Accounts Receivable : $138.5 Mil (As of Dec. 2023)


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What is Banc of California Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Banc of California's accounts receivables for the quarter that ended in Dec. 2023 was $138.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Banc of California's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 4,424.27.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Banc of California's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-165.46.


Banc of California Accounts Receivable Historical Data

The historical data trend for Banc of California'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.

* Premium members only.

Banc of California Accounts Receivable Chart

Banc of California Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 157.11 138.52

Banc of California Quarterly Data
Jun19 Sep19 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 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 - - - 138.52 -

Banc of California Accounts Receivable Calculation

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


Banc of California 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.

Banc of California's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=138.522/2.857*91
=4,424.27

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

Banc of California'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)
=(7724.44+0.75 * 138.522+0.5 * 0-35143.299
-498.516-0)/168.098
=-165.46

* 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.


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.


Banc of California Accounts Receivable Related Terms

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Banc of California (Banc of California) Business Description

Traded in Other Exchanges
Address
3 MacArthur Place, Santa Ana, CA, USA, 92707
Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate.
Executives
James Andrew Barker director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Richard J Lashley director C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Joseph J Rice director C/O 3 MACARTHUR PLACE, SANTA ANA CA 92707
Joseph Kauder officer: Chief Financial Officer C/O BANC OF CALIFORNIA, 3 MACARTHUR PLACE, SANTA ANA CA 92707
Robert D Sznewajs director
Jared M Wolff director, officer: PRESIDENT AND CEO 120 WILSHIRE BLVD, SANTA MONICA CA 90401
John K Sotoodeh officer: Chief Operating Officer C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Raymond J Rindone officer: CAO/Deputy CFO C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Vania E Schlogel director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Denis P Kalscheur director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Shannon F Eusey director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Diana Hanson officer: Chief Accounting Officer 17785 CENTER COURT DR #750, CERRITOS CA 90703
Mary A Curran director 3 MACARTHUR BLVD, SANTA ANA CA 92707
Robert G Dyck officer: EVP, Credit Administration P O BOX 2388, RANCHO SANTA FE CA 92067
Lynn M Hopkins officer: CHIEF FINANCIAL OFFICER 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703