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Great American Bancorp (Great American Bancorp) Accounts Receivable : $0.00 Mil (As of Dec. 2007)


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What is Great American Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Great American Bancorp's accounts receivables for the quarter that ended in Dec. 2007 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Great American Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2007 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. Great American Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2007 was $-185.33.


Great American Bancorp Accounts Receivable Historical Data

The historical data trend for Great American 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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Great American Bancorp Accounts Receivable Chart

Great American Bancorp Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Accounts Receivable
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Great American Bancorp Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07
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Great American Bancorp Accounts Receivable Calculation

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


Great American 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.

Great American Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2007 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/2.149*91
=0.00

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

Great American Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2007 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)
=(14.063+0.75 * 0+0.5 * 0-127.99
-0-0)/0.61474
=-185.33

* 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.


Great American Bancorp Accounts Receivable Related Terms

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Great American Bancorp (Great American Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
1311 South Neil Street, Champaign, IL, USA, 61820
Great American Bancorp Inc is a holding company whose principal activity is the ownership and management of its wholly-owned subsidiary, First Federal Savings Bank of Champaign-Urbana (Bank). The Bank is engaged in providing a full range of banking and financial services to individual and corporate customers in Champaign County, Illinois. The Bank also provides full-service brokerage activities through a third-party broker-dealer and engages in the sale of tax-deferred annuities. The Bank's subsidiary offers insurance services to customers located primarily in Illinois.

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