First Guaranty Bancshares (First Guaranty Bancshares) Accounts Receivable

: $15.71 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Guaranty Bancshares's accounts receivables for the quarter that ended in Dec. 2023 was $15.71 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Guaranty Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 62.11.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Guaranty Bancshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-236.85.

First Guaranty Bancshares Accounts Receivable Historical Data

The historical data trend for First Guaranty Bancshares'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 Guaranty Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

8.41

11.93

12.05

13.00

15.71

First Guaranty Bancshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																13.00	15.33	15.10	16.73	15.71

First Guaranty Bancshares Accounts Receivable Calculation

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

First Guaranty Bancshares 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 Guaranty Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	15.713	/	23.085	*	91
=	62.11

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

First Guaranty Bancshares'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)
=	(369.599	+	0.75 * 15.713	+	0.5 * 0	-	3303.141
-	33.058	-	0)	/	12.4754
=	-236.85

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 Guaranty Bancshares Accounts Receivable Related Terms

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First Guaranty Bancshares (First Guaranty Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Guaranty Bancshares Inc (NAS:FGBI) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

FGBIP.PFD:USA

Address

400 East Thomas Street, Hammond, LA, USA, 70401

Website

https://www.fgb.net

First Guaranty Bancshares Inc provides personalized commercial banking services to its customers in Louisiana, through several banking facilities in the Market Services Areas. Its principal business activity includes attracting deposits and investing it together with funds generated from operations and borrowings insecurities and in lending activities to serve the credit needs of its customer base. The company offers commercial real estate loans, commercial and industrial loans, construction and land development loans, agricultural and farmland loans, and to a lesser extent, consumer and multifamily loans.

Executives

Vanessa R Drew	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Amanda Wood Barnett	officer: General Counsel	1412 CENTRE COURT DRIVE, SUITE 101, ALEXANDRIA LA 71301
Smith Edgar R. Iii	director	400 EAST THOMAS STREET, HAMMOND LA 70401
William K Hood	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Marshall T Reynolds	director, 10 percent owner, officer: Chairman of the Board	2450 FIRST AVENUE, HUNTINGTON WV 25704
Smith & Hood Holding Company, Llc	10 percent owner	11239 HIGHWAY 16, AMITE LA 70422
Eric Dosch	officer: SVP and CFO	2450 FIRST AVENUE, HUNTINGTON WV 25703
Jack Rossi	director	400 EAST THOMAS STREET, HAMMOND LA 70401
Lewis Alton B Jr	officer: Chief Executive Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Glenda Baskin Glover	director	911 E. WINDING CREEK DRIVE, SUITE 150, EAGLE ID 83616
Smith & Hood Investments, Llc	10 percent owner	P.O. BOX 367, AMITE LA 70422
Gary A Simanson	director	717 KING STREET, ALEXANDRIA VA 22314
Michael R. Sharp	officer: President and CLO	400 EAST THOMAS STREET, HAMMOND LA 70401
Michele E. Lobianco	officer: Chief Financial Officer	400 EAST THOMAS STREET, HAMMOND LA 70401
Loy F. Weaver	officer: Executive Vice President	400 EAST THOMAS STREET, HAMMOND LA 70401