First Bancshares (First Bancshares) Accounts Receivable : $33.3 Mil (As of Dec. 2023)

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What is First Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Bancshares's accounts receivables for the quarter that ended in Dec. 2023 was $33.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.54.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Bancshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-181.02.

First Bancshares Accounts Receivable Historical Data

The historical data trend for First 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 Bancshares Accounts Receivable Chart

First Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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14.80

26.34

23.26

27.72

33.30

First Bancshares Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															29.98	30.84	30.54	33.30	-

First Bancshares Accounts Receivable Calculation

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

First 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 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
=	33.3	/	54.714	*	91
=	55.54

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

First 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)
=	(1397.512	+	0.75 * 33.3	+	0.5 * 0	-	7050.311
-	0	-	0)	/	31.0894
=	-181.02

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 Bancshares Accounts Receivable Related Terms

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First Bancshares (First Bancshares) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

6480 U.S. Highway 98 West, Suite A, Hattiesburg, MS, USA, 39402

Website

https://www.thefirstbank.com

First Bancshares Inc operates as a bank holding company. It offers various products and services such as deposit, including checking accounts, savings accounts, and time deposits account for individuals, businesses, associations and organizations, and governmental authorities. It also provides commercial and personal loans, including secured and unsecured loans, consumer loans, and loans for business expansion and purchase of equipment and machinery, and residential mortgage loans. The bank renders services like financial and wealth management, online internet banking, voice response telephone inquiry, safe deposit boxes, traveler's checks, and mobile deposit, and others. It operates in the Commercial/Retail Bank, Mortgage Banking, and Holding company segments.

Executives

Valencia M. Williamson	director	1175 GROVE PARKWAY, JONESBORO GA 30236
Diana Renee Moore	director	106 KIRKWOOD DRIVE, HATTIESBURG MS 39402
Jonathan A Levy	director	PO BOX 428, BOWLING GREEN OH 43402
Cole M Ray Jr	director, officer: PRESIDENT
Andrew D Stetelman	director
Thomas Eugene Mitchell	director	215 EAST FIRST STREET, BAY MINETTE AL 36507
E Ricky Gibson	director
Donna T Rutland	officer: Chief Fiancial Officer	33 NICKLAUS TRAIL, PETAL MS 39465
Rodney D Bennett	director	3701 JAMESTOWN ROAD, HATTIESBURG MS 39402
J Douglas Seidenburg	director
Ted E Parker	director
Charles R Lightsey	director
David W Bomboy	director	17 BRIGHTON COURT, HATTIESBURG MS 39401
Michael W Chancellor	director	P O BOX 643, LAUREL MS 39441
Thoms David O Jr	officer: EVP and Chief Operations Offic	45 OAK CREST DRIVE, LAUREL MS 39440