First Merchants (First Merchants) Change In Receivables : $-12.6 Mil (TTM As of Dec. 2023)

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What is First Merchants Change In Receivables?

First Merchants's change in receivables for the quarter that ended in Dec. 2023 was $-7.7 Mil. It means First Merchants's Accounts Receivable increased by $7.7 Mil from Sep. 2023 to Dec. 2023 .

First Merchants's change in receivables for the fiscal year that ended in Dec. 2023 was $-12.6 Mil. It means First Merchants's Accounts Receivable increased by $12.6 Mil from Dec. 2022 to Dec. 2023 .

First Merchants's Accounts Receivable for the quarter that ended in Dec. 2023 was $97.7 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 Merchants's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.94.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Merchants's liquidation value for the three months ended in Dec. 2023 was $-13,909.1 Mil.

First Merchants Change In Receivables Historical Data

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

First Merchants Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.66

-5.05

-3.24

-20.70

-12.59

First Merchants 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															-13.47	-0.45	-4.27	-0.23	-7.65

First Merchants 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 $-12.6 Mil.

First Merchants (NAS:FRME) 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 Merchants's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	97.664	/	156.507	*	91
=	56.94

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

First Merchants'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)
=	2175.841	-	16158.174	+	0.75 * 97.664	+	0.5 * 0
=	-13,909.1

First Merchants Change In Receivables Related Terms

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First Merchants (First Merchants) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FM5:Germany

Address

200 East Jackson Street, P.O. Box 792, Muncie, IN, USA, 47305-2814

Website

https://www.firstmerchants.com

First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment that is community banking.

Executives

Michael C Rechin	officer: Executive Vice President, other: Chief Operating Officer	13831 COLDWATER DRIVE, CARMEL IN 46032
Michael J Fisher	director	200 EAST JACKSON STREET, MUNCIE IN 47305
Jason R Sondhi	director	200 E JACKSON ST, MUNCIE IN 47305
Gary Lehman	director	200 EAST JACKSON STREET, MUNCIE IN 47305
Mung Chiang	director	200 E JACKSON ST, MUNCIE IN 47305
Stephan Fluhler	officer: Chief Information Officer, other: Senior Vice President	200 EAST JACKSON STREET, MUNCIE IN 47305
Charles E Schalliol	director	300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Kevin D Johnson	director	200 E JACKSON ST, MUNCIE IN 47305
Patrick J. Fehring	director	32991 HAMILTON COURT, FARMINGTON HILLS MI 48334
Patrick A Sherman	director	609 TREYBOURNE DRIVE, SUITE A, GREENWOOD IN 46142
Chad Kimball	officer: Chief Risk Officer	200 EAST JACKSON STREET, MUNCIE IN 47305
Mark K Hardwick	officer: Senior Vice President, other: Chief Financial Officer	POST OFFICE BOX 792, MUNICE IN 47308-0792
Michael R Becher	director	200 E. JACKSON ST., MUNCIE IN 47305
Michael C Marhenke	director	200 EAST JACKSON ST, MUNCIE IN 47305
William L Hoy	director	200 EAST JACKSON STREET, MUNCIE IN 47305