Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Peapack Gladstone Financial's accounts receivables for the quarter that ended in Dec. 2023 was $30.7 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
Peapack Gladstone Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 55.51.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Peapack Gladstone Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-289.29.
Peapack Gladstone Financial Accounts Receivable Historical Data
The historical data trend for Peapack Gladstone Financial'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.
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.
Peapack Gladstone Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Peapack Gladstone Financial's accounts receivable are only considered to be worth 75% of book value:
Peapack Gladstone Financial's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:
* 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.
Peapack Gladstone Financial Accounts Receivable Related Terms
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Peapack Gladstone Financial (Peapack Gladstone Financial) Business Description
Peapack Gladstone Financial Corp provides banking services. It operates through two segments namely Banking, which involves the delivery of loans and deposits, and Peapack Private Division which includes asset management services. The banking segment includes commercial real estate, multifamily, residential and consumer lending, deposit generation, and internet banking services. Peapack Private includes asset management services for individuals and institutions; personal trust services, administrator, custodian and guardian, and other financial planning and advisory services.
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