Home BancShares (Home BancShares) Accounts Receivable

: $119.0 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Home BancShares's accounts receivables for the quarter that ended in Dec. 2023 was $119.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Home BancShares's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.33.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Home BancShares's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-70.80.

Home BancShares Accounts Receivable Historical Data

The historical data trend for Home 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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Home BancShares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

45.09

60.53

46.74

103.20

118.97

Home BancShares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																103.20	102.74	101.07	110.95	118.97

Home BancShares Accounts Receivable Calculation

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

Home 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.

Home 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
=	118.966	/	239.479	*	91
=	45.33

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

Home 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)
=	(4508.054	+	0.75 * 118.966	+	0.5 * 0	-	18865.583
-	0	-	0)	/	201.526
=	-70.80

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.

Home BancShares Accounts Receivable Related Terms

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Home BancShares (Home BancShares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Home BancShares Inc (NYSE:HOMB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

719 Harkrider, Suite 100, Conway, AR, USA, 72032

Website

https://www.homebancshares.com

Home BancShares Inc is a bank holding company that primarily operates through its wholly owned community bank subsidiary, Centennial Bank. The bank provides a broad range of commercial and retail banking, as well as related financial services, to a diverse customer base. Its customer base includes businesses, real estate developers and investors, individuals, and municipalities. The company's loan portfolio, while diversified, is typically between half and two thirds in commercial real estate loans. The company's strategy emphasizes growth, both through strategic acquisitions and organically within its existing markets. The bank also emphasizes attracting experienced bankers, strong credit quality, and a solid balance sheet. The bank's main source of net revenue is net interest income.

Executives

James Pat Hickman	director	P.O. BOX 966, CONWAY AR 72033
Adcock Robert H Jr	director	P O BOX 966, CONWAY AR 72033
Tracy French	director, officer: Centennial Bank CEO/ President	78 GREYSTONE BLVD, CABOT AR 72023
Carter Russell Davis Iii	officer: Executive Vice President	15 GETTYSBURG SOUTH, CABOT AR 72023
Williamson Kenneth Mikel Jr	officer: Centennial Bank Regional Pres.	P.O. BOX 966, CONWAY AR 72033
Larry W Ross	director	P.O. BOX 966, CONWAY AR 72033
Richard H Ashley	director	2851 LAKEWOOD VILLAGE DR., NORTH LITTLE ROCK AR 72116
Brian Davis	director, officer: Chief Financial Officer	6 GATEWOOD CV, LITTLE ROCK AR 72206
Jim Rankin	director	P.O. BOX 966, CONWAY AR 72033
Alex R Lieblong	director	210 E. ELM STREET, P. O. BOX 7200, EL DORADO AR 71730
John Stephen Tipton	officer: Chief Operating Officer	P.O. BOX 966, CONWAY AR 72033
Jack Engelkes	director	P O BOX 1167, CONWAY AR 72032
Jennifer C. Floyd	officer: Chief Accounting Officer	P.O. BOX 966, CONWAY AR 72033
John W Allison	director, officer: Chairman
James G Hinkle	director	P.O. BOX 1228, MOUNTAIN VIEW AR 72560