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Veritex Holdings (Veritex Holdings) Accounts Receivable : $0.0 Mil (As of Mar. 2024)


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What is Veritex Holdings Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Veritex Holdings's accounts receivables for the quarter that ended in Mar. 2024 was $0.0 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Veritex Holdings'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. Veritex Holdings's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-169.97.


Veritex Holdings Accounts Receivable Historical Data

The historical data trend for Veritex Holdings'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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Veritex Holdings Accounts Receivable Chart

Veritex Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
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Veritex Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Veritex Holdings Accounts Receivable Calculation

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


Veritex Holdings 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/99.468*91
=0.00

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

Veritex Holdings'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)
=(1907.037+0.75 * 0+0.5 * 0-11169.881
-0-0)/54.496
=-169.97

* 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.


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.


Veritex Holdings Accounts Receivable Related Terms

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Veritex Holdings (Veritex Holdings) Business Description

Traded in Other Exchanges
N/A
Address
8214 Westchester Drive, Suite 800, Dallas, TX, USA, 75225
Veritex Holdings Inc is engaged in the provision of commercial banking products and services to small to medium-sized businesses and professionals. The bank provides a range of banking services to individual and corporate customers, which include commercial and retail lending, and the acceptance of checking and savings deposits. It offers a suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, as well as automated teller machines, and banking by telephone, mail and personal appointment. The company's primary sources of revenue are derived from interest and dividends earned on loans, debt and equity securities and other financial instruments.
Executives
Gregory B Morrison director 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Martin Dominic Karaba officer: Chief Banking Officer 1010 GRAND BLVD, KANSAS CITY MO 64106
Terry Earley officer: Chief Financial Officer C/O CRESCENT FINANCIAL BANCSHARES, INC., 1005 HIGH HOUSE ROAD, CARY NC 27513
Fallon William director 8214 WESTCHESTER DRIVE, SUITE 800, DALLAS TX 75225
Gordon Huddleston director 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Pat S Bolin director 5950 BERKSHIRE LANE, SUITE 1100, DALLAS TX 75225
Cara Mcdaniel officer: Chief Talent Officer 8214 WESTCHESTER DRIVE, DALLAS TX 75225
John Sughrue director 1807 ROSS AVENUE, SUITE 250, DALLAS TX 75201
Phil Donnelly officer: SEVP, General Counsel 8214 WESTCHESTER DR. SUITE 800, DALLAS TX 75225
Michael Clayton Riebe officer: Chief Credit Officer 8214 WESTCHESTER DRIVE SUITE 400, DALLAS TX 75225
Holland C Malcolm Iii director, officer: Chairman, CEO, President 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Arcilia Acosta director LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Jim Recer officer: Chief Banking Officer 8214 WESTCHESTER DRIVE, DALLAS TX 75225
Manuel J Mehos director COASTAL BANCORP INC, 5718 WESTHEIMER SUITE 600, HOUSTON TX 77057
William Don Ellis director 4000 GREENBRIAR, HOUSTON TX 77098