LCNB (LCNB) Accounts Receivable : $9.45 Mil (As of Sep. 2024)

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What is LCNB Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. LCNB's accounts receivables for the quarter that ended in Sep. 2024 was $9.45 Mil.

Accounts receivable can be measured by Days Sales Outstanding. LCNB's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 40.34.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. LCNB's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-126.48.

LCNB Accounts Receivable Historical Data

The historical data trend for LCNB'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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LCNB Accounts Receivable Chart

LCNB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

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8.34

8.00

7.48

8.41

8.70

LCNB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Receivable	Get a 7-Day Free Trial															8.41	9.12	9.47	9.45	8.70

LCNB Accounts Receivable Calculation

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

LCNB 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.

LCNB's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	9.45	/	21.377	*	91
=	40.34

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

LCNB's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(301.996	+	0.75 * 9.45	+	0.5 * 0	-	2093.662
-	0	-	0)	/	14.110
=	-126.48

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.

LCNB Accounts Receivable Related Terms

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LCNB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LCNB Corp (NAS:LCNB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 North Broadway, P.O. Box 59, Lebanon, OH, USA, 45036

Website

https://www.lcnb.com

LCNB Corp operates within the financial sector in the United States. As the holding company of the National Bank, it conducts the business of providing commercial and personal banking services. Its suite of banking products includes commercial and industrial loans, consumer loans, safe deposit boxes, night depositories, cashier's checks, utility bill collections, and notary public service. Besides, it provides the avenue of United States Treasury notes, the United States agency notes, certificates of deposit, and equity securities.

Executives

Eric J Meilstrup	officer: EVP/Cashier	225 DICKENS COURT, LEBANON OH 45036
Anne E Krehbiel	director	7709 CHUMANI LANE, CINCINNATI OH 45243
Michael Robert Miller	officer: Exec. Vice President	8368 SQUIRRELL RIDGE DR, CINCINNATI OH 45243
Mulligan Lawrence P Jr.	officer: Executive Vice President	218 S MAIN ST, MIDDLETOWN OH 45044
Craig Millis Johnson	director	3436 WHITFIELD AVE, CINCINNATI OH 45220
William H Kaufman	director	1017 COUNTRY CREEK DR, LEBONON OH 45036
Takeitha W Lawson	director	7313 ENGLISH GARDEN LANE, ANDERSON TOWNSHIP OH 45230
Steve P Foster	director, officer: Chief Executive Officer	1017 COUNTRY CREEK DR, LEBONON OH 45036
Mary E Bradford	director	4962 THUNDER RD, CLEVES OH 45002
William G Huddle	director	9394 DIN EIDYN DR, DUBLIN OH 43017
Stephen P Wilson	director, officer: President & CEO
John F Smiley	officer: Exec Vice President	7119 COVENTRY WOODS DRIVE, DUBLIN OH 43017
Michael J Johrendt	director	434 TARPON BLVD, FRIPP ISLAND SC 29920
Bradley Austin Ruppert	officer: Executive Vice President	180 LAKEVIEW DR, FRANKLIN OH 45005
Leroy F Mckay	officer: Executive Vice President	257 MECHANIC STREET, LEBANON OH 45036