Park National (Park National) Accounts Receivable : $39.2 Mil (As of Dec. 2023)

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What is Park National Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Park National's accounts receivables for the quarter that ended in Dec. 2023 was $39.2 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Park National's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 32.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Park National's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-441.20.

Park National Accounts Receivable Historical Data

The historical data trend for Park National'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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Park National Accounts Receivable Chart

Park National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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24.22

24.93

23.41

34.70

39.24

Park National 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															33.25	36.42	39.10	39.24	-

Park National Accounts Receivable Calculation

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

Park National 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.

Park National's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	39.236	/	110.593	*	91
=	32.37

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

Park National'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)
=	(1551.11	+	0.75 * 39.236	+	0.5 * 0	-	8691.16
-	0	-	0)	/	16.1165
=	-441.20

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.

Park National Accounts Receivable Related Terms

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Park National (Park National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Park National Corp (AMEX:PRK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Third Street, P.O. Box 3500, Newark, OH, USA, 43058-3500

Website

http://www.parknationalcorp.com

Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. Park National provides banking and other financial services to consumers and businesses.

Executives

Englefield F W Iv	director	50 NORTH THIRD STREET, P O BOX 3500, NEWARK OH 43058-3500
Dan Delawder	director, officer: President and CEO
Miller Daniel Byrd Iii	director	50 N THIRD ST, NEWARK OH 43055
Frederic M Bertley	director	50 N THIRD ST, NEWARK OH 43055
Robert E Oneill	director	50 N THIRD STREET, NEWARK OH 43055
Mark R Ramser	director	50 N THIRD ST, NEWARK OH 43055
Timothy S. Mclain	director	50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
James R Deroberts	director	50 N THIRD STREET, NEWARK OH 43055
Jason N Judd	director	50 N THIRD ST, NEWARK OH 43055
Leon Zazworsky	director	50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
Kelly A Edds	officer: Chief Accounting Officer	50 N THIRD STREET, NEWARK OH 43055
Alicia J Hupp	director	50 N THIRD STREET, NEWARK OH 43055
Julia A Sloat	director	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Brady T Burt	officer: Chief Financial Officer	0015 BENCHMARK ROAD, SUITE 300, P.O. BOX 6580, AVON CO 81620
Matthew R Miller	officer: Chief Accounting Officer	50 NORTH THIRD STREET, NEWARK OH 43055