Spirit of Texas Bancshares (Spirit of Texas Bancshares) Accounts Receivable : $8.1 Mil (As of Dec. 2021)

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What is Spirit of Texas Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Spirit of Texas Bancshares's accounts receivables for the quarter that ended in Dec. 2021 was $8.1 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Spirit of Texas Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2021 was 22.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Spirit of Texas Bancshares's Net-Net Working Capital per share for the quarter that ended in Dec. 2021 was $-124.96.

Spirit of Texas Bancshares Accounts Receivable Historical Data

The historical data trend for Spirit of Texas 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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Spirit of Texas Bancshares Accounts Receivable Chart

Spirit of Texas Bancshares Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Receivable

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3.47

4.93

6.51

11.20

8.15

Spirit of Texas Bancshares Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Accounts Receivable	Get a 7-Day Free Trial															11.20	10.59	9.07	7.82	8.15

Spirit of Texas Bancshares Accounts Receivable Calculation

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

Spirit of Texas 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.

Spirit of Texas Bancshares's Days Sales Outstanding for the quarter that ended in Dec. 2021 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	8.146	/	32.783	*	91
=	22.67

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

Spirit of Texas Bancshares's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2021 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)
=	(706.536	+	0.75 * 8.146	+	0.5 * 0	-	2872.222
-	0	-	0)	/	17.282
=	-124.96

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.

Spirit of Texas Bancshares Accounts Receivable Related Terms

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Spirit of Texas Bancshares (Spirit of Texas Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Spirit of Texas Bancshares Inc (NAS:STXB) » Definitions » Accounts Receivable

Comparable Companies

MIL:BDB BEY:BYB XNEP:PCBL FLIC CCNE CARE XTUN:BT OSTO:TFBANK GCBC XNEP:NMB

Traded in Other Exchanges

N/A

Address

1836 Spirit of Texas Way, Conroe, TX, USA, 77301

Website

https://www.sotb.com

Spirit of Texas Bancshares Inc offers a broad range of commercial and retail banking services. The company offers business checking accounts, lending, treasury management, mortgages, personal financial security, and mobile and online banking services. Its only reportable segment being the business, community banking, provides a broad range of retail and commercial banking services.

Executives

David M Mcguire	director, officer: President	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
H. D. Patel	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Robert S Beall	director	1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Metcalf, Iii Leo T.	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Akash J. Patel	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Dean O. Bass	director, officer: Chairman & CEO	1836 SPIRIT OF TEXAS WAY, CONROE TX 77301
Thomas Jr. Jones	director	ONE RIVERWAY, SUITE 2020, HOUSTON TX 77056
Steven Gregory Kidd	director, 10 percent owner	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Steven M Morris	director	801 CHERRY STREET SUITE 3700, UNIT 19 FORT WORTH TX 76102
Jerry D. Golemon	officer: Executive Vice President & COO	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Thomas C. Sooy	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
William K. Nix	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Jones Allen C Iv	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Nelda Luce Blair	director	1836 SPIRIT OF TEXAS WAY CONROE TX 77301
Allison Johnson	officer: CAO and Interim CFO	2407 PARK DRIVE, HARRISBURG PA 17110