Kearny Financial (Kearny Financial) Change In Receivables : $-2.3 Mil (TTM As of Mar. 2024)

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What is Kearny Financial Change In Receivables?

Kearny Financial's change in receivables for the quarter that ended in Mar. 2024 was $-0.8 Mil. It means Kearny Financial's Accounts Receivable increased by $0.8 Mil from Dec. 2023 to Mar. 2024 .

Kearny Financial's change in receivables for the fiscal year that ended in Jun. 2023 was $-7.7 Mil. It means Kearny Financial's Accounts Receivable increased by $7.7 Mil from Jun. 2022 to Jun. 2023 .

Kearny Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $31.1 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. Kearny Financial's Days Sales Outstanding for the three months ended in Mar. 2024 was 73.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Kearny Financial's liquidation value for the three months ended in Mar. 2024 was $-5,799.9 Mil.

Kearny Financial Change In Receivables Historical Data

The historical data trend for Kearny Financial'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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Kearny Financial Change In Receivables Chart

Kearny Financial Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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-0.85

1.99

-0.29

-1.10

-7.67

Kearny Financial 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															-1.43	0.66	-1.63	-0.49	-0.81

Kearny Financial 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.3 Mil.

Kearny Financial (NAS:KRNY) 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.

Kearny Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	31.065	/	38.522	*	91
=	73.59

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

Kearny Financial's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1169.682	-	6992.894	+	0.75 * 31.065	+	0.5 * 0
=	-5,799.9

Kearny Financial Change In Receivables Related Terms

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Kearny Financial (Kearny Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kearny Financial Corp (NAS:KRNY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 Passaic Avenue, Fairfield, NJ, USA, 07004

Website

https://www.kearnybank.com

Kearny Financial Corp is a federally-chartered stock savings bank. The bank is engaged in the business of attracting deposits from the general public in New Jersey and New York, and using these deposits, together with other funds, to originate or purchase loans for its portfolios and invest in securities. The bank's loan portfolio is chiefly comprised of loans collateralized by commercial and residential real estate. It is also heavily into secured and unsecured business and consumer loans. The bank's primary source of income is net interest income.

Executives

Melvina Wong-zaza	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
John F Mcgovern	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Curtland E Fields	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Thomas Demedici	officer: EVP and CCO	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Timothy A Swansson	officer: EVP and CTIO	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Leopold W Montanaro	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Charles J Pivirotto	director	C/O KEARNY FINANCIAL CORP., 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Mazur John J Jr	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
John F Regan	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Raymond E. Chandonnet	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Patrick M Joyce	officer: EVP/CLO	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Theodore J Aanensen	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Christopher Petermann	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Catherine A Lawton	director	120 PASSAIC AVENUE, FAIRFIELD NJ 07004
Matthew T Mcclane	director	C/O KEARNY FINANCIAL CORP, 120 PASSAIC AVENUE, FAIRFIELD NJ 07004