Parke Bancorp (Parke Bancorp) Accounts Receivable : $8.56 Mil (As of Dec. 2023)

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What is Parke Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Parke Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $8.56 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Parke Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 45.94.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Parke Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-129.28.

Parke Bancorp Accounts Receivable Historical Data

The historical data trend for Parke 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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Parke Bancorp Accounts Receivable Chart

Parke Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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6.07

8.77

7.68

8.77

8.56

Parke Bancorp 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															8.93	8.07	8.27	8.56	-

Parke Bancorp Accounts Receivable Calculation

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

Parke 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.

Parke 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
=	8.555	/	16.994	*	91
=	45.94

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

Parke 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)
=	(187.471	+	0.75 * 8.555	+	0.5 * 0	-	1739.183
-	0.375	-	0)	/	11.9563
=	-129.28

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.

Parke Bancorp Accounts Receivable Related Terms

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Parke Bancorp (Parke Bancorp) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Delsea Drive, Washington Township, NJ, USA, 08080

Website

https://www.parkebank.com

Parke Bancorp Inc operates as a commercial bank providing personal and financial services to individuals and small to mid-sized businesses in various states of the USA. The bank offers services such as loan products, deposit services, and other financial products through its retail branches and other channels to its customers. Its lending businesses are commercial real estate lending, residential real estate lending, and construction lending among others. The Company operates one reportable segment of business, community banking.

Executives

Jeffrey H Kripitz	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Vito S Pantilione	director, officer: President	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Nicholas J Pantilione	officer: SVP & Chief Lending Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Ralph Martin Gallo	officer: Executive VP/COO	601 DELSEA DRIVE, SEWELL NJ 08080
Arret F Dobson	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Daniel J Dalton	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Celestino R Pennoni	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Paul E Palmieri	officer: SVP & Chief Credit Officer	601 DELSEA DRIVE, SEWELL NJ 08080
Edward Infantolino	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Sheppard Jack C Jr	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
John S Kaufman	officer: SVP and CFO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
John F Hawkins	officer: CFO/SVP	601 DELSEA DRIVE, SEWELL NJ 08080
Anthony J Jannetti	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Elizabeth A Milavsky	officer: Chief Operating Officer/EVP	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Fred G Choate	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080