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HCSB Financial (HCSB Financial) Accounts Receivable : $0.00 Mil (As of Mar. 2017)


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What is HCSB Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. HCSB Financial's accounts receivables for the quarter that ended in Mar. 2017 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. HCSB Financial's Days Sales Outstanding for the quarter that ended in Mar. 2017 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. HCSB Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2017 was $-0.66.


HCSB Financial Accounts Receivable Historical Data

The historical data trend for HCSB 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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HCSB Financial Accounts Receivable Chart

HCSB Financial Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Accounts Receivable
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HCSB Financial Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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HCSB Financial Accounts Receivable Calculation

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


HCSB 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.

HCSB Financial's Days Sales Outstanding for the quarter that ended in Mar. 2017 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/3.035*91
=0.00

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

HCSB Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2017 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)
=(22.19+0.75 * 0+0.5 * 0-347.902
-0-0)/495.764
=-0.66

* 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.


HCSB Financial Accounts Receivable Related Terms

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HCSB Financial (HCSB Financial) Business Description

Traded in Other Exchanges
N/A
Address
HCSB Financial Corp is a holding company of Horry County State Bank (the Bank). The bank is a state-chartered bank, and its deposits are insured by the Federal Deposit Insurance Corporation. The principal business activity of the Company is to provide commercial banking services in Horry and Georgetown Counties, South Carolina, and in Columbus and Brunswick Counties, North Carolina. It offers a full range of deposit services, including checking accounts, savings accounts, certificates of deposit, money market accounts, and IRAs. In addition, it offers a variety of loan products designed for consumers, businesses, and farmers.
Executives
John Pietrzak director WEST COAST BANCORP, 5335 MEADOWS ROAD, SUITE 201, LAKE OSWEGO OR 97035
Gerald R Francis director 3640 RALPH ELLIS BLVD, LORIS SC 29569

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