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First Advantage Bancorp (First Advantage Bancorp) Accounts Receivable : $2.73 Mil (As of Dec. 2019)


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What is First Advantage Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Advantage Bancorp's accounts receivables for the quarter that ended in Dec. 2019 was $2.73 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Advantage Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 32.04.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Advantage Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-155.83.


First Advantage Bancorp Accounts Receivable Historical Data

The historical data trend for First Advantage 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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First Advantage Bancorp Accounts Receivable Chart

First Advantage Bancorp Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.05 2.39 2.98 3.09 2.73

First Advantage Bancorp Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 3.09 3.32 2.46 2.41 2.73

First Advantage Bancorp Accounts Receivable Calculation

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


First Advantage 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.

First Advantage Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2.733/7.783*91
=32.04

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

First Advantage Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 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)
=(50.377+0.75 * 2.733+0.5 * 0-658.878
-0-0)/3.89183
=-155.83

* 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.


First Advantage Bancorp Accounts Receivable Related Terms

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First Advantage Bancorp (First Advantage Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
1430 Madison Street, Clarksville, TN, USA, 37040
First Advantage Bancorp is a bank holding company. The bank is engaged in providing a full range of banking and financial services to individual and corporate customers in Clarksville and Nashville, Tennessee. It offers a range of products and services including free checking to high-interest savings, from online bill pay to mobile banking, from credit cards to auto loans. The bank offers real estate loans, consumer loans, and commercial loans. Its real estate loans include one- to four-family loans, multifamily, non-residential and land loans. Its consumer loans include home equity loans and lines of credit, auto loans, deposit loans, overdrafts, and others. It also includes U.S. Treasury, U.S. Government agencies, and corporations and mortgage-backed securities.
Executives
Michael E Wallace director 1430 MADISON STREET CLARKSVILLE TN 37040
William Lawson Mabry director 1430 MADISON STREET CLARKSVILLE TN 37040
Cooksey Gerald L. Jr. officer: Chief Financial Officer/COO 1430 MADISON STREET CLARKSVILLE TN 37040

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