WCF Bancorp (WCF Bancorp) Accounts Receivable : $0.43 Mil (As of Dec. 2018)

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What is WCF Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WCF Bancorp's accounts receivables for the quarter that ended in Dec. 2018 was $0.43 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WCF Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2018 was 25.01.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WCF Bancorp's Net-Net Working Capital per share for the quarter that ended in Dec. 2018 was $-22.46.

WCF Bancorp Accounts Receivable Historical Data

The historical data trend for WCF 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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WCF Bancorp Accounts Receivable Chart

WCF Bancorp Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec15

Dec16

Dec17

Dec18

Accounts Receivable

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0.52

0.41

0.42

0.44

0.43

WCF Bancorp Semi-Annual Data
	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec15	Dec16	Dec17	Dec18
Accounts Receivable	Get a 7-Day Free Trial									0.52	0.41	0.42	0.44	0.43

WCF Bancorp Accounts Receivable Calculation

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

WCF 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.

WCF Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2018 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.425	/	3.101	*	91
=	25.01

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

WCF Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2018 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)
=	(51.75	+	0.75 * 0.425	+	0.5 * 0	-	109.594
-	0	-	0)	/	2.56154
=	-22.46

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.

WCF Bancorp Accounts Receivable Related Terms

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WCF Bancorp (WCF Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WCF Bancorp Inc (OTCPK:WCFB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Fair Meadow Drive, P.O. Box 638, Webster City, IA, USA, 50595

Website

https://www.wcfbank.com

WCF Bancorp Inc is a bank holding company. It is engaged in the ownership and operation of banks. The business activities of the bank involve accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in real estate loans secured by one-to-four family residences. The bank also originates consumer loans and non-owner occupied one-to-four family residential real estate loans. Its primary sources of funds are deposits, principal and interest payments on loans and securities and advances. It derives revenue principally from the interest on loans and securities, and from loan origination and servicing fees.

Executives

Michelle Zahn	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Bradley Mickelson	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Paul L Moen	officer: Chief Financial Officer	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Michael R Segner	director, officer: President and CEO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Thomas J Hromatka	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVENUE, FORT DODGE IA 50501
Kevin Eason	officer: EVP and CCO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
C Thomas Chalstrom	director	C/O NORTH CENTRAL BANCSHARES INC, 825 CENTRAL AVE PO BOX 1237, FORT DODGE IA 50501
Kyle R Swon	director, officer: SVP	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Stephen L Mourlam	director, officer: President and CEO	220 DES MOINES ST, PO BOX 638, WEBSTER CITY IA 50595
Leo Moriarity	director	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Harold J Pursley	director, other: Chairman	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595
Kasie L Doering	officer: CFO	401 FAIR MEADOW DRIVE, WEBSTER CITY IA 50595

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