First United (First United) Change In Receivables : $-4.93 Mil (TTM As of Dec. 2023)

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What is First United Change In Receivables?

First United's change in receivables for the quarter that ended in Dec. 2023 was $-3.18 Mil. It means First United's Accounts Receivable increased by $3.18 Mil from Sep. 2023 to Dec. 2023 .

First United's change in receivables for the fiscal year that ended in Dec. 2023 was $-4.93 Mil. It means First United's Accounts Receivable increased by $4.93 Mil from Dec. 2022 to Dec. 2023 .

First United's Accounts Receivable for the quarter that ended in Dec. 2023 was $7.49 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 United's Days Sales Outstanding for the three months ended in Dec. 2023 was 46.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First United's liquidation value for the three months ended in Dec. 2023 was $-1,591.45 Mil.

First United Change In Receivables Historical Data

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

First United Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.83

-1.60

0.65

-4.93

First United 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															1.30	0.54	-4.80	2.51	-3.18

First United 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 $-4.93 Mil.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	7.487	/	14.832	*	91
=	46.06

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

First United'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)
=	146.922	-	1743.987	+	0.75 * 7.487	+	0.5 * 0
=	-1,591.45

First United Change In Receivables Related Terms

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First United (First United) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FU3:Germany

Address

19 South Second Street, Oakland, MD, USA, 21550-0009

Website

https://www.mybank.com

First United Corp is active in the financial services domain. The scope of its offering includes checking, savings, money market deposit accounts and certificates of deposit, business loans, personal loans, mortgage loans and lines of credit extended to both individuals and businesses. In addition, it provides safe deposit and night depository facilities, insurance products and trust services. The bank also provides residential real estate construction loans to builders and individuals for single-family dwellings.

Executives

Marisa A. Shockley	director	19 S. SECOND STREET, OAKLAND MD 21550
Carissa Lynn Rodeheaver	officer: Chief Financial Officer	19 SOUTH SECOND STREET, OAKLAND MD 21550
Brian R. Boal	director	19 S. SECOND STREET, OAKLAND MD 21550
Jason Barry Rush	officer: VP and Director of Operations	19 SOUTH SECOND STREET, OAKLAND MD 21550
Kevin Hessler	director	19 S. SECOND STREET, OAKLAND MD 21550
John Mccullough	director	19 SOUTH SECOND STREET, OAKLAND MD 21550
Beth Moran	director	19 S. SECOND STREET, OAKLAND MD 21550
Irvin Robert Rudy	director	121 NORTH SECOND ST, OAKLAND MD 21550
John F. Barr	director	19 S. SECOND STREET, OAKLAND MD 21550
Christy Dipietro	director	19 S. SECOND STREET, OAKLAND MD 21550
Patricia Milon	director	19 S SECOND STREET, OAKLAND MD 21550
Gary Ruddell	director	19 SOUTH SECOND STREET, OAKLAND MD 21550
Sanu Chadha	director	19 S. SECOND STREET, OAKLAND MD 21550
M Kathryn Burkey	director	P.O. BOX 9, 19 SOUTH SECOND STREET, OAKLAND MD 21550
Elaine L Mcdonald	director	672 WHITE OAK DR, SWANTON MD 21561