Citizens & Northern (Citizens & Northern) Accounts Receivable : $9.1 Mil (As of Dec. 2023)

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What is Citizens & Northern Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Citizens & Northern's accounts receivables for the quarter that ended in Dec. 2023 was $9.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Citizens & Northern's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Citizens & Northern's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-115.97.

Citizens & Northern Accounts Receivable Historical Data

The historical data trend for Citizens & Northern'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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Citizens & Northern Accounts Receivable Chart

Citizens & Northern Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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5.00

8.29

7.24

8.65

9.14

Citizens & Northern Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable	Get a 7-Day Free Trial															8.65	8.81	8.44	9.31	9.14

Citizens & Northern Accounts Receivable Calculation

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

Citizens & Northern 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.

Citizens & Northern's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.14	/	24.964	*	91
=	33.41

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

Citizens & Northern'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)
=	(472.633	+	0.75 * 9.14	+	0.5 * 0	-	2253.203
-	0	-	0)	/	15.2951
=	-115.97

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.

Citizens & Northern Accounts Receivable Related Terms

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Citizens & Northern (Citizens & Northern) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens & Northern Corp (NAS:CZNC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

90-92 Main Street, Wellsboro, PA, USA, 16901

Website

https://www.cnbankpa.com

Citizens & Northern Corp is a community bank operating through its subsidiaries. It provides banking services, including deposit and loan products for personal and commercial customers. The bank also maintains a trust division that provides a wide range of financial services, such as 401(k) plans, retirement planning, estate planning, estate settlements and asset management.

Executives

Frank G Pellegrino	director	2050 POCO FARM ROAD, WILLIAMSPORT PA 17701
Robert G Loughery	director	1128 SLOTTER ROAD, PERKASIE PA 18944
Katherine W Shattuck	director	2548 LAKE ROAD, TOWANDA PA 18848
Tracy Ellen Watkins	officer: EXEC. VP	1972 NORTH WILLIAMSON ROAD, COVINGTON PA 16917-9516
Bobbi J Kilmer	director	555 COUNTRY VIEW DRIVE, TOWANDA PA 18848
Glenn Richard James	officer: EVP Counsel, Corp Secretary	90-92 MAIN ST, WELLSBORO PA 16901
Timothy E Schoener	director	821 HAWTHORNE AVE, WILLIAMSPORT PA 17701
Kelley A Cwiklinski	officer: EVP Chief Comm Lending Officer	90-92 MAIN ST, WELLSBORO PA 16901
Leo F Lambert	director	PO BOX 345, DUSHORE PA 18614
Helen S Santiago	director	263 BRIDGE STREET HILL RD, TOWANDA PA 18848
Terry L Lehman	director	5066 NORTH SHERMAN STREET, MOUNT WOLF PA 17347
Matthew L Bower	officer: EVP, Chief Wealth Mgmt Officer	90-92 MAIN ST, WELLSBORO PA 16901
Susan E Hartley	director	1293 HOFFMAN HOLLOW RD, LOWMAN NY 14861
Stephen M Dorwart	director	234 CEDAR ROAD, MULLICA HILL NJ 08062
Alexander Balagour	officer: EVP- CHIEF INFORMATION OFFICER	45 TEAL DRIVE, LANGHORNE PA 19047