Citizens First (Citizens First) Change In Receivables : $-0.13 Mil (TTM As of Mar. 2019)

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What is Citizens First Change In Receivables?

Citizens First's change in receivables for the quarter that ended in Mar. 2019 was $0.03 Mil. It means Citizens First's Accounts Receivable declined by $0.03 Mil from Dec. 2018 to Mar. 2019 .

Citizens First's change in receivables for the fiscal year that ended in Dec. 2018 was $-0.00 Mil. It means Citizens First's Accounts Receivable increased by $0.00 Mil from Dec. 2017 to Dec. 2018 .

Citizens First's Accounts Receivable for the quarter that ended in Mar. 2019 was $1.65 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. Citizens First's Days Sales Outstanding for the three months ended in Mar. 2019 was 32.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Citizens First's liquidation value for the three months ended in Mar. 2019 was $-349.49 Mil.

Citizens First Change In Receivables Historical Data

The historical data trend for Citizens First'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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Citizens First Change In Receivables Chart

Citizens First Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Change In Receivables

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0.03

-0.15

0.06

-0.06

Citizens First Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Change In Receivables	Get a 7-Day Free Trial															0.16	-0.03	-0.05	-0.09	0.03

Citizens First 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 Mar. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.13 Mil.

Citizens First (NAS:CZFC) 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.

Citizens First's Days Sales Outstanding for the quarter that ended in Mar. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.651	/	4.688	*	91
=	32.14

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

Citizens First's liquidation value for the quarter that ended in Mar. 2019 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	69.962	-	420.695	+	0.75 * 1.651	+	0.5 * 0
=	-349.49

Citizens First Change In Receivables Related Terms

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Citizens First (Citizens First) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens First Corp (NAS:CZFC) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

1065 Ashley Street, Bowling Green, KY, USA, 42103

Website

http://www.citizensfirstbank.com

Citizens First Corp is the bank holding company for Citizens First Bank, operational in the United States. The Bank conducts full-service community banking operations and is primarily engaged in the business of accepting demand, savings and time deposits insured by the Federal Deposit Insurance Corporation (FDIC) and providing commercial, consumer, and mortgage loans to the general public. The Bank also provides debit cards, credit cards, safekeeping and safe deposit boxes, automated clearing house (ACH) and other direct deposit services, savings bond redemptions, cashier's checks, travelers' checks and letters of credit.

Executives

Jack Sheidler	director	1065 ASHLEY STREET, SUITE 200, BOWLING GREEN KY 42130
Charles Bradford Harris	officer: Exe VP and Corp Gen Counsel	2500 EASTPOINT PARKWAY, LOUISVILLE KY 40223
Maria L Bouvette	director, officer: President and CEO	162 S BUCKMAN STREET, SHEPHERDSVILLE KY 40165
J Chester Porter	10 percent owner	162 S. BUCKMAN STREET, SHEPHERDSVILLE KY 40165