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FPBC (First Pacific Bancorp) Accounts Receivable : $0.00 Mil (As of Jun. 2024)


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What is First Pacific Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First Pacific Bancorp's accounts receivables for the quarter that ended in Jun. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First Pacific Bancorp's Days Sales Outstanding for the quarter that ended in Jun. 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 Pacific Bancorp's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was $-90.51.


First Pacific Bancorp Accounts Receivable Historical Data

The historical data trend for First Pacific Bancorp'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 Pacific Bancorp Accounts Receivable Chart

First Pacific Bancorp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Receivable
- - - - -

First Pacific Bancorp Quarterly Data
Mar07 Jun07 Sep07 Dec18 Dec19 Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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First Pacific Bancorp Accounts Receivable Calculation

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


First Pacific Bancorp 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 Pacific Bancorp's Days Sales Outstanding for the quarter that ended in Jun. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/3.826*91
=0.00

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

First Pacific Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(4.671+0.75 * 0+0.5 * 0-392.377
-0-0)/4.28335
=-90.51

* 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 Pacific Bancorp Accounts Receivable Related Terms

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First Pacific Bancorp Business Description

Traded in Other Exchanges
N/A
Address
16011 E. Whittier Boulevard, Whittier, CA, USA, 90603
First Pacific Bancorp is engaged in the banking business , it is a relationship-focused bank that offers custom financial solutions for individuals and businesses. It offers services such as mobile banking, consumer loans, personal online banking, personal savings and checking plans, business professional services, cash management services, and additional financial services among others. Its principal source of revenue is providing loans to customers, who are small and middle-market businesses and individuals.

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