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First State Financial (First State Financial) Accounts Receivable : $0.00 Mil (As of Dec. 2023)


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What is First State Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. First State Financial's accounts receivables for the quarter that ended in Dec. 2023 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. First State Financial's Days Sales Outstanding for the quarter that ended in Dec. 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. First State Financial's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.01.


First State Financial Accounts Receivable Historical Data

The historical data trend for First State Financial'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 State Financial Accounts Receivable Chart

First State Financial Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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First State Financial Quarterly Data
Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Dec18 Dec19 Dec20 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
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First State Financial Accounts Receivable Calculation

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


First State Financial 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 State Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.001*91
=0.00

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

First State Financial's Net-Net Working Capital Per Share for the quarter that ended in Dec. 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 * 0-0.084
-0-0)/5.9203
=-0.01

* 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 State Financial Accounts Receivable Related Terms

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First State Financial (First State Financial) Business Description

Traded in Other Exchanges
N/A
Address
55 E Washington Street, Chicago, IL, USA, 60602
First State Financial operates nine branches in Florida's Sarasota and Pinellas counties. This friendly community bank offers small-business and consumer banking products. With only $480 million in assets, First State competes with the giants of the industry in the crowded Florida banking market.
Executives
Robert Jr Shell director 22 S LINKS AVENUE, SARASOTA FL 34236
John E Wilkinson director, officer: President and CEO 22 S LINKS AVENUE, SUITE 100, SARASOTA FL 34236-5939
Dennis Grinsteiner officer: Senior Vice President and CFO 22 S LINKS AVENUE, SARASOTA FL 34236
Coughlin Corey director, officer: President and CEO 22 S LINKS AVENUE, SARASOTA FL 34236
Robert Beymer director 22 S LINKS AVENUE, SARASOTA FL 34236
Neal Scaggs director 22 S LINKS AVENUE, SARASOTA FL 34236
Daniel Harrington director 22 S LINKS AVENUE, SARASOTA FL 34236
Thomas Wright director 22 S LINKS AVENUE, SARASOTA FL 34236
Marshall Reynolds director 22 S LINKS AVENUE, SARASOTA FL 34236

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