Pacific Financial (Pacific Financial) Accounts Receivable : $0.00 Mil (As of Mar. 2024)

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What is Pacific Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pacific Financial's accounts receivables for the quarter that ended in Mar. 2024 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pacific Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 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. Pacific Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-89.84.

Pacific Financial Accounts Receivable Historical Data

The historical data trend for Pacific 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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Pacific Financial Accounts Receivable Chart

Pacific Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.07

4.68

3.36

4.04

4.43

Pacific Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															-	-	-	4.43	-

Pacific Financial Accounts Receivable Calculation

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

Pacific 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.

Pacific Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	12.845	*	91
=	0.00

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

Pacific Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 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)
=	(91.302	+	0.75 * 0	+	0.5 * 0	-	1019.861
-	0	-	0)	/	10.3356
=	-89.84

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.

Pacific Financial Accounts Receivable Related Terms

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Pacific Financial (Pacific Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pacific Financial Corp (OTCPK:PFLC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1216 Skyview Drive, Aberdeen, WA, USA, 98520

Website

https://www.bankofthepacific.com

Pacific Financial Corp is active in the financial services domain as a bank holding company of the Bank of the Pacific, based in the United States. Its business also includes loan production and real estate mortgage provision. Its commercial banking division caters through services such as business checking, business savings and certificates of deposits, business loans, treasury management and commercial real estate loans, while its personal banking services comprise of checking solutions, savings solutions, consumer loans and lines of credit.

Executives

Kristi Gundersen	director	PO BOX 1826, ABERDEEN WA 98520
Daniel J. Tupper	director	PO BOX 1826, ABERDEEN WA 98520
Loretta B Reece	director	PO BOX 1826, ABERDEEN WA 98520
Douglas N Biddle	officer: CFO	1101 S. BOONE STREET, ABERDEEN WA 98520-5244
Randy Rust	director	300 E MARKET STREET, ABERDEEN WA 98520-5244
Dwayne Carter	director	1101 S BOONE STREET, ABERDEEN WA 98520
Denise Portmann	officer: VP & CASHIER
Douglas M Schermer	director
Dennis A Long	director, officer: President
Randy W Rognlin	director
Edward Ketel	director
Philippe S Swaab	officer: Vice President	1101 S BOONE STREET, ABERDEEN WA 98520
Duane E Hagstrom	director
Dijk John Van	officer: Secretary
Susan C Freese	director