First Horizon (NYSE:FHN) Accounts Receivable

: $0 Mil (As of Sep. 2022)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Horizon's accounts receivables for the quarter that ended in Sep. 2022 was $0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Horizon's Days Sales Outstanding for the quarter that ended in Sep. 2022 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Horizon's Net-Net Working Capital per share for the quarter that ended in Sep. 2022 was $-112.11.

First Horizon Accounts Receivable Historical Data

The historical data trend for First Horizon'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 Horizon Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Accounts Receivable

First Horizon Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Accounts Receivable																-	-	-	-	-

First Horizon Accounts Receivable Calculation

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

First Horizon 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 Horizon's Days Sales Outstanding for the quarter that ended in Sep. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	853	*	91
=	0.00

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

First Horizon's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2022 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)
=	(13152	+	0.75 * 0	+	0.5 * 0	-	72016
-	1014	-	295)	/	536.737
=	-112.11

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 Horizon Accounts Receivable Related Terms

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First Horizon (NYSE:FHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Horizon Corp (NYSE:FHN) » Definitions » Accounts Receivable

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Address

165 Madison Avenue, Memphis, TN, USA, 38103

Website

https://www.firsthorizon.com

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.

Executives

Dmuchowski Hope	officer: Sr. EVP & CFO	165 MADISON AVE MEMPHIS TN 38103
Casbon John N	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Locascio Tammy	officer: Sr. EVP, Chief HR Officer	165 MADISON AVE MEMPHIS TN 38103
Kemp Sr James Michael	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Maples Ricky E	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Akins Terry Lawson	officer: Sr. EVP, Chief Risk Officer	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Ardoin Elizabeth A	officer: SEVP, Chief Communications Ofc	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Sugranes Rosa	director	2975 N.W. 77TH AVE DORAL FL 33132
Restel Anthony J	officer: SEVP Chief Operating Officer	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Shea E Stewart Iii	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Fenstermaker William H	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Byrd Daryl G	director, officer: Executive Chairman of Board	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Barton Harry V Jr	director	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Brown Michael J	officer: President - Regional Banking	200 WEST CONGRESS STREET LAFAYETTE LA 70501
Davidson Wendy P	director	2210 WEST OAKLAWN DRIVE SPRINGDALE AR 72762