Magyar Bancorp (Magyar Bancorp) Accounts Receivable

: $4.59 Mil (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Magyar Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $4.59 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Magyar Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 53.69.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Magyar Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-111.70.

Magyar Bancorp Accounts Receivable Historical Data

The historical data trend for Magyar 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.

* Premium members only.

Magyar Bancorp Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Receivable

2.13

4.03

3.53

3.48

4.34

Magyar Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																3.83	3.97	4.14	4.34	4.59

Magyar Bancorp Accounts Receivable Calculation

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

Magyar 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.585	/	7.793	*	91
=	53.69

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

Magyar Bancorp'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)
=	(63.39	+	0.75 * 4.585	+	0.5 * 0	-	810.2
-	0	-	0)	/	6.65495
=	-111.70

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.

Magyar Bancorp Accounts Receivable Related Terms

Thank you for viewing the detailed overview of Magyar Bancorp's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

Magyar Bancorp (Magyar Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Magyar Bancorp Inc (NAS:MGYR) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Somerset Street, New Brunswick, NJ, USA, 08901

Website

https://www.magbank.com

Magyar Bancorp Inc is a mid-tier stock holding company. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. The business consists of getting retail deposits from the general public in the areas surrounding the main office in New Brunswick, New Jersey and branch offices located in Middlesex and Somerset Counties, New Jersey, and investing those deposits, together with funds generated from operations and wholesale funding, in residential mortgage loans, home equity loans, home equity lines of credit, commercial real estate loans, commercial business loans, Small Business Administration loans.

Executives

Michael F Lombardi	director	1862 OAK TREE RD., C/O LOMBARDI & LOMBARDI, EDISNO NJ 08818
Maureen Ruane	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Susan Eisenhauer	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Peter Mcintyre Brown	officer: SVP and CLO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08901
Joseph A Yelencsics	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Jon Ansari	officer: Senior Vice President, C.F.O.	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
John S Fitzgerald	officer: EVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Lukacs Joseph J Jr	director, other: Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Stokes Edward C Iii	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Brian Stanley	officer: SVP and Chief Lending Officer	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Elizabeth E Hance	director, officer: President and CEO	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Salvatore J Romano	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Thomas Lankey	director, other: Vice Chairman of the Board	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Andrew G Hodulik	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903
Martin A Lukacs	director	400 SOMERSET STREET, NEW BRUNSWICK NJ 08903