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BUSE (First Busey) Accounts Receivable : $0.0 Mil (As of Sep. 2024)


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What is First Busey Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Busey's accounts receivables for the quarter that ended in Sep. 2024 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Busey's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. First Busey's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-144.40.


First Busey Accounts Receivable Historical Data

The historical data trend for First Busey's Accounts Receivable 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 Busey Accounts Receivable Chart

First Busey Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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First Busey Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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First Busey Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


First Busey Accounts Receivable 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 receivables are being managed.

First Busey's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/118.492*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), First Busey's accounts receivable are only considered to be worth 75% of book value:

First Busey's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(2371.826+0.75 * 0+0.5 * 0-10583.955
-0-0)/56.8722
=-144.40

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


First Busey Accounts Receivable Related Terms

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First Busey Business Description

Traded in Other Exchanges
Address
100 W. University Avenue, Champaign, IL, USA, 61820
First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services with banking centers in Illinois, Missouri, Florida, and Indiana. The company's operations are managed through three operating segments consisting of Banking, FirsTech, and Wealth Management. The banking segment generates a vast majority of its revenue.
Executives
Scott A. Phillips officer: Principal Accounting Officer 100 W. UNIVERSITY AVENUE, CHAMPAIGN IL 61820
Monica L Bowe officer: EVP Chief Risk Officer 100 WEST UNIVERSITY AVE., CHAMPAIGN IL 61820
Amy L Randolph officer: Chief of Staff FIRST BUSEY CORPORATION, 100 WEST UNIVERSITY AVENUE, CHAMPAIGN IL 61820
Van A Dukeman director, officer: President & CEO 100 W. UNIVERSITY AVE, CHAMPAIGN IL 61820
Jeffrey David Jones officer: EVP & CFO 100 WEST UNIVERSITY AVENUE, CHAMPAIGN IL 61820
John Joseph Powers officer: EVP & General Counsel 100 WEST UNIVERSITY AVENUE, CHAMPAIGN IL 61820
Gregory B Lykins director 100 W. UNIVERSITY AVE, CHAMPAIGN IL 61820
Michael David Cassens director 100 WEST UNIVERSITY AVE., CHAMPAIGN IL 61820
Karen M Jensen director 100 WEST UNIVERSITY AVE., CHAMPAIGN IL 61820
Stanley J Bradshaw director 900 ROOSEVELT PARKWAY, CHESTERFIELD MO 63017
Cassandra R Sanford director 100 W. UNIVERSITY AVENUE, CHAMPAIGN IL 61820
Stephen V King director FIRST BUSEY CORPORATION, 100 WEST UNIVERSITY AVENUE, CHAMPAIGN IL 61820
George Barr director 2801 BLACK ROAD, JOLIET IL 60435
Samuel P Banks director 201 W MAIN ST, URBANA IL 61801
Frederic L Kenney director 100 W. UNIVERSITY AVE, CHAMPAIGN IL 61820