Bankwell Financial Group (Bankwell Financial Group) Change In Receivables : $-1.79 Mil (TTM As of Dec. 2023)

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What is Bankwell Financial Group Change In Receivables?

Bankwell Financial Group's change in receivables for the quarter that ended in Dec. 2023 was $0.79 Mil. It means Bankwell Financial Group's Accounts Receivable declined by $0.79 Mil from Sep. 2023 to Dec. 2023 .

Bankwell Financial Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.79 Mil. It means Bankwell Financial Group's Accounts Receivable increased by $1.79 Mil from Dec. 2022 to Dec. 2023 .

Bankwell Financial Group's Accounts Receivable for the quarter that ended in Dec. 2023 was $14.86 Mil.

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 Receivable are being managed. Bankwell Financial Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 58.02.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Bankwell Financial Group's liquidation value for the three months ended in Dec. 2023 was $-2,561.33 Mil.

Bankwell Financial Group Change In Receivables Historical Data

The historical data trend for Bankwell Financial Group's Change In Receivables 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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Bankwell Financial Group Change In Receivables Chart

Bankwell Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.42

-0.62

-0.93

-5.56

-1.79

Bankwell Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables	Get a 7-Day Free Trial															-3.52	-1.19	0.05	-1.44	0.79

Bankwell Financial Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.79 Mil.

Bankwell Financial Group (NAS:BWFG) Change In Receivables 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 Receivable are being managed.

Bankwell Financial Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.863	/	23.374	*	91
=	58.02

2. In Ben Graham's calculation of liquidation value, Bankwell Financial Group's accounts receivable are only considered to be worth 75% of book value:

Bankwell Financial Group's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	377.257	-	2949.73	+	0.75 * 14.863	+	0.5 * 0
=	-2,561.33

Bankwell Financial Group Change In Receivables Related Terms

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Bankwell Financial Group (Bankwell Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bankwell Financial Group Inc (NAS:BWFG) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

258 Elm Street, New Canaan, CT, USA, 06840

Website

https://www.mybankwell.com

Bankwell Financial Group Inc is a bank holding company, engaged in providing financial products and services. It offers products related to commercial lending, retail lending, depository services, and others. The bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans to small and mid-sized businesses, and real estate construction and development loans. The retail lending products include residential mortgage loans, home equity lines of credit, and consumer installment loans. Its depository products include checking, savings, money market, certificates of deposit, noninterest-bearing demand, and time deposits.

Executives

Lawrence B Seidman	director	LANIDEX CORPORATE PARK, 100 LANIDEX PLAZA 1ST FL, PARSIPPANY NJ 07054
Eric J Dale	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Jeffrey R Dunne	director	90 BUTTERNUT LANE, SOUTHPORT CT 06890
Carl M Porto	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Blake S Drexler	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Christine Chivily	officer: EVP & Chief Credit Officer	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Garnett James M Jr	director	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Todd Lampert	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Anahaita N. Kotval	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Ryan Jason Hildebrand	officer: Chief Innovation Officer	32520 NE CORRAL CREEK ROAD, NEWBERG OR 97132
Christopher Gruseke	officer: Chief Strategic Officer	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840
Sacchetti Courtney E	officer: EVP & Chief Financial Officer	258 ELM STREET, NEW CANAAN CT 06840
Laura Waitz	officer: EVP & Chief of Staff	C/O BANKWELL FINANCIAL GROUP, INC., 208 ELM STREET, NEW CANAAN CT 06840
Darryl Demos	director	300 COLONIAL CENTER PARKWAY, SUITE 600, ROSWELL GA 30076
Richard Castiglioni	director	C/O BANKWELL FINANCIAL GROUP, INC., 220 ELM STREET, NEW CANAAN CT 06840