1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Accounts Receivable : $0.00 Mil (As of Sep. 2023)

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What is 1st Summit Bancorp Johnstown Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 1st Summit Bancorp Johnstown's accounts receivables for the quarter that ended in Sep. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. 1st Summit Bancorp Johnstown's Days Sales Outstanding for the quarter that ended in Sep. 2023 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. 1st Summit Bancorp Johnstown's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $N/A.

1st Summit Bancorp Johnstown Accounts Receivable Historical Data

The historical data trend for 1st Summit Bancorp Johnstown'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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1st Summit Bancorp Johnstown Accounts Receivable Chart

1st Summit Bancorp Johnstown Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Accounts Receivable

3.67

5.05

4.57

4.81

1st Summit Bancorp Johnstown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Receivable	Get a 7-Day Free Trial											-	4.81	-	-	-

1st Summit Bancorp Johnstown Accounts Receivable Calculation

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

1st Summit Bancorp Johnstown 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.

1st Summit Bancorp Johnstown's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	7.645	*	91
=	0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), 1st Summit Bancorp Johnstown's accounts receivable are only considered to be worth 75% of book value:

1st Summit Bancorp Johnstown's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 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)
=	(0	+	0.75 * 0	+	0.5 * 0	-	N/A
-	0	-	0)	/	2.238
=	N/A

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.

1st Summit Bancorp Johnstown Accounts Receivable Related Terms

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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Summit Bancorp Johnstown Inc (OTCPK:FSMK) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Donald Lane, P.O. Box 5480, Johnstown, PA, USA, 15904

Website

https://www.1stsummit.bank

1st Summit Bancorp Johnstown Inc through its subsidiaries provides banking, trust, financial and investment services to individuals and businesses. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, bill consolidation, credit line, and educational loans; home equity loans; home equity line of credit; home mortgage loans; mortgage construction; business lines of credit; residential real estate loans; residential and commercial mortgage; equipment loans; equipment leasing; small business administration loans; and commercial vehicle loans.

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