NIDB (Northeast Indiana Bancorp) Accounts Receivable : $2.36 Mil (As of Dec. 2023)

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What is Northeast Indiana Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Northeast Indiana Bancorp's accounts receivables for the quarter that ended in Dec. 2023 was $2.36 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Northeast Indiana Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 24.49.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Northeast Indiana Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-150.04.

Northeast Indiana Bancorp Accounts Receivable Historical Data

The historical data trend for Northeast Indiana 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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Northeast Indiana Bancorp Accounts Receivable Chart

Northeast Indiana Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.24

1.52

1.49

1.92

2.36

Northeast Indiana Bancorp Semi-Annual Data
	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Accounts Receivable	Get a 7-Day Free Trial															1.24	1.52	1.49	1.92	2.36

Northeast Indiana Bancorp Accounts Receivable Calculation

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

Northeast Indiana 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.

Northeast Indiana Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.355	/	17.553	*	91
=	24.49

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

Northeast Indiana Bancorp'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)
=	(86.79	+	0.75 * 2.355	+	0.5 * 0	-	452.264
-	0	-	0)	/	2.424
=	-150.04

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.

Northeast Indiana Bancorp Accounts Receivable Related Terms

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Northeast Indiana Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northeast Indiana Bancorp Inc (OTCPK:NIDB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

648 North Jefferson Street, P.O. Box 70, Huntington, IN, USA, 46750

Website

https://www.firstfedindiana.bank

Northeast Indiana Bancorp Inc is a part of the financial services domain. It acts as the holding company for First Federal Savings Bank, which provides commercial and residential real estate loans in the United States. The bank functions through the Residential Mortgage, Commercial Mortgage, Construction and land development, Commercial and Industrial, and Consumer Mortgage segments. The Commercial Mortgage segment accounts for a share of the company revenues. It provides services such as checking, commercial loans, credit cards, merchant services, and cash management.

Executives

Dan L Stephan	director
Randy J Sizemore	officer: Senior Vice President	P O BOX 70, HUNTINGTON IN 46750
Michael S Zahn	director, officer: Senior Vice President	708 APPLEBY COURT, HUNTINGTON IN 46750
Thomas P Frantz	officer: Senior Vice President	648 N JEFFERSON STREET, HUNTINGTON IN 46750
Randall C Rider	director
J David Carnes	director
Dee Ann Hammel	officer: Senior Vice President	3102 ALSTON CT, HUNTINGTON IN 46750
Stephen E Zahn	director, 10 percent owner, officer: Chairman, President & CEO	648 NORTH JEFFERSON STREET, HUNTINGTON IN 46750
William A Zimmer	director