Honat Bancorp (Honat Bancorp) Accounts Receivable : $2.17 Mil (As of Dec. 2018)

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What is Honat Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Honat Bancorp's accounts receivables for the quarter that ended in Dec. 2018 was $2.17 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Honat Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 14.02.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Honat Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-297.24.

Honat Bancorp Accounts Receivable Historical Data

The historical data trend for Honat 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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Honat Bancorp Accounts Receivable Chart

Honat Bancorp Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec17

Dec18

Accounts Receivable

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1.35

1.53

1.71

2.31

2.17

Honat Bancorp Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec17	Dec18
Accounts Receivable	Get a 7-Day Free Trial			1.35	1.53	1.71	2.31	2.17

Honat Bancorp Accounts Receivable Calculation

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

Honat 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.

Honat Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.171	/	28.266	*	91
=	14.02

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

Honat Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(120.013	+	0.75 * 2.171	+	0.5 * 0	-	560.208
-	0	-	0)	/	1.47544
=	-297.24

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.

Honat Bancorp Accounts Receivable Related Terms

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Honat Bancorp (Honat Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Honat Bancorp Inc (OTCPK:HONT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

724 Main Street, P.O. Box 350, Honesdale, PA, USA, 18431-0350

Website

https://www.hnbbank.bank

Honat Bancorp Inc is a United States-based Bank holding company. It provides full banking services, including trust services. It offers personal banking, business, and financial services. The services include deposit accounts, loan products, digital banking facilities, mortgage facilities, credit cards, and merchant services, among others. Its loan portfolio segments include Commercial & Industrial, Commercial Real Estate, Consumer 2020 Real Estate, and Consumer.

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