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First National (First National) Accounts Receivable : $4.66 Mil (As of Dec. 2023)


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What is First National Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First National's accounts receivables for the quarter that ended in Dec. 2023 was $4.66 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First National's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 31.42.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First National's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-169.17.


First National Accounts Receivable Historical Data

The historical data trend for First National'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.

First National Accounts Receivable Chart

First National 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 2.07 2.72 3.90 4.54 4.66

First National 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 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 4.54 4.39 4.25 4.50 4.66

First National Accounts Receivable Calculation

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


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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4.655/13.518*91
=31.42

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

First National'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)
=(240.018+0.75 * 4.655+0.5 * 0-1303.024
-0-0)/6.2631
=-169.17

* 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 National Accounts Receivable Related Terms

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First National (First National) Business Description

Traded in Other Exchanges
N/A
Address
112 West King Street, Strasburg, VA, USA, 22657
First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. Loan products and services include personal loans, residential mortgages, home equity loans, and commercial loans. Deposit products and services include checking and savings. The Bank's wealth management division offers estate planning, investment management of assets, and retirement accounts.
Executives
Smith Gerald F Jr director 112 W KING ST, STRASBURG VA 22657
Holt George Edwin Iii director 112 WEST KING STREET, STRASBURG VA 22657
Wilkins Iii James R director 112 W KING ST, STRASBURG VA 22657
Kirtesh Patel director 112 WEST KING STREET, STRASBURG VA 22657
Scott C Harvard director, officer: President/CEO 112 W KING ST, STRASBURG VA 22657
Boyce E Brannock director 112 WEST KING STREET, STRASBURG VA 22657
C Ray Sprinkle director 112 WEST KING STREET, STRASBURG VA 22657
Jason C Aikens director 112 WEST KING STREET, STRASBURG VA 22657
William Michael Funk director 443 SHENWOOD AVE, WOODSTOCK VA 22664-1956
Dennis A Dysart officer: Senior EVP/CCO 112 WEST KING STREET, STRASBURG VA 22657
Beverley Jr Marshall J officer: EVP-Senior Trust Officer 112 W KING STREET, STRASBURG VA 22657
James C Youngblood officer: EVP/SENIOR LENDING OFFICER 112 WEST KING STREET, STRASBURG VA 22657-2220
Emily Marlow Beck director 311 S STEWART ST, WINCHESTER VA 22601-4016
Crow Samuel J Jr. officer: EVP / CCO 112 W KING ST, STRASBURG VA 22657
Davis Dr James A director 112 WEST KING STREET, STRASBURG VA 22657