Patriot Federal Bank NY (Patriot Federal Bank NY) Accounts Receivable : $0.00 Mil (As of Sep. 2007)

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What is Patriot Federal Bank NY Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Patriot Federal Bank NY's accounts receivables for the quarter that ended in Sep. 2007 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Patriot Federal Bank NY's Days Sales Outstanding for the quarter that ended in Sep. 2007 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. Patriot Federal Bank NY's Net-Net Working Capital per share for the quarter that ended in Sep. 2007 was $-31.55.

Patriot Federal Bank NY Accounts Receivable Historical Data

The historical data trend for Patriot Federal Bank NY'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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Patriot Federal Bank NY Accounts Receivable Chart

Patriot Federal Bank NY Annual Data

Trend

Accounts Receivable

Patriot Federal Bank NY Quarterly Data
	Mar07	Jun07	Sep07
Accounts Receivable	-	-	-

Patriot Federal Bank NY Accounts Receivable Calculation

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

Patriot Federal Bank NY 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.

Patriot Federal Bank NY's Days Sales Outstanding for the quarter that ended in Sep. 2007 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0.298	*	91
=	0.00

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

Patriot Federal Bank NY's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2007 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)
=	(0.882	+	0.75 * 0	+	0.5 * 0	-	28.109
-	0	-	0)	/	0.863
=	-31.55

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.

Patriot Federal Bank NY Accounts Receivable Related Terms

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Patriot Federal Bank NY (Patriot Federal Bank NY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Patriot Federal Bank NY (OTCPK:PFDB) » Definitions » Accounts Receivable

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Traded in Other Exchanges

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Address

Website

http://www.patriotfederalbank.com

Patriot Federal Bank NY was established in December 2005. It offers a variety of products tailored to the people of the Mohawk Valley and surrounding areas. Patriot Federal Bank offers an array of personal checking account options. The Bank offers home equity loans and lines of credit at extremely competitive rates. Patriot Federal Bank also offers a variety of personal loans at highly competitive rates. The Bank's goal is to provide quality financial services in a personal, professional manner.

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