First Interstate BancSystem (First Interstate BancSystem) Change In Receivables : $-11 Mil (TTM As of Dec. 2023)

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What is First Interstate BancSystem Change In Receivables?

First Interstate BancSystem's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means First Interstate BancSystem's Accounts Receivable declined by $0 Mil from Sep. 2023 to Dec. 2023 .

First Interstate BancSystem's change in receivables for the fiscal year that ended in Dec. 2023 was $-11 Mil. It means First Interstate BancSystem's Accounts Receivable increased by $11 Mil from Dec. 2022 to Dec. 2023 .

First Interstate BancSystem's Accounts Receivable for the quarter that ended in Dec. 2023 was $129 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. First Interstate BancSystem's Days Sales Outstanding for the three months ended in Dec. 2023 was 46.69.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Interstate BancSystem's liquidation value for the three months ended in Dec. 2023 was $-20,927 Mil.

First Interstate BancSystem Change In Receivables Historical Data

The historical data trend for First Interstate BancSystem'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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First Interstate BancSystem Change In Receivables Chart

First Interstate BancSystem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.30

-4.40

3.70

-37.80

-10.80

First Interstate BancSystem Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															4.60	-5.40	-10.10	0.10	-

First Interstate BancSystem 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 $-11 Mil.

First Interstate BancSystem (NAS:FIBK) 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.

First Interstate BancSystem's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	129.1	/	252.3	*	91
=	46.69

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

First Interstate BancSystem'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)
=	6419.4	-	27443.7	+	0.75 * 129.1	+	0.5 * 0
=	-20,927

First Interstate BancSystem Change In Receivables Related Terms

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First Interstate BancSystem (First Interstate BancSystem) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Interstate BancSystem Inc (NAS:FIBK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

4FB:Germany

Address

401 North 31st Street, Billings, MT, USA, 59101

Website

https://www.fibk.com

First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates a majority of income from interest charged on loans, and interest and dividends earned on investments.

Executives

Homer Scott Jr Trust, Homer Scott Jr. & First Interstate Wealth Management Co Trustees	10 percent owner	FIRST INTERSTATE BANK, TRUSTEE, PO BOX 2007, SHERIDAN WY 82801
Julie A Scott	10 percent owner	P O BOX 30918, BILLINGS MT 59116
Jonathan R Scott	director	P.O. BOX 30918, BILLINGS MT 59116
Kevin P Riley	officer: President & CEO	BERKSHIRE HILLS BANCORP INC, 24 NORTH STREET, PITTSFIELD MA 01201
Marcy D Mutch	officer: Exec. Vice Pres. & CFO	PO BOX 30918, BILLINGS MT 59116
Kirk D Jensen	officer: General Counsel	PO BOX 30918, BILLINGS MT 59116
Lorrie Asker	officer: Chief Banking Officer	401 N. 31ST STREET, BILLINGS MT 59116-0918
James Brannen	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Ashley Hayslip	officer: EVP, Chief Banking Officer	P.O. BOX 30918, BILLINGS MT 59116
Scott James R. Jr	director	PO BOX 30918, BILLINGS MT 59116
Russell A Lee	officer: EVP & Chief Banking Officer	P.O. BOX 30918, BILLINGS MT 59116
James R Scott	director, 10 percent owner	C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Heyneman John M Jr	director, 10 percent owner	C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Kristina Robbins	officer: SVP, Chief Operations Officer	PO BOX 30918, BILLINGS MT 59116
Philip G Gaglia	officer: Chief Risk Officer	PO BOX 30918, BILLINGS MT 59116