WSFS (WSFS Financial) Accounts Receivable : $87 Mil (As of Sep. 2024)

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What is WSFS Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. WSFS Financial's accounts receivables for the quarter that ended in Sep. 2024 was $87 Mil.

Accounts receivable can be measured by Days Sales Outstanding. WSFS Financial's Days Sales Outstanding for the quarter that ended in Sep. 2024 was 29.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. WSFS Financial's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-227.62.

WSFS Financial Accounts Receivable Historical Data

The historical data trend for WSFS 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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WSFS Financial Accounts Receivable Chart

WSFS Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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38.09

44.34

41.60

74.45

85.98

WSFS Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Receivable	Get a 7-Day Free Trial															81.91	85.98	88.31	88.88	87.36

WSFS Financial Accounts Receivable Calculation

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

WSFS 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	87.36	/	265.978	*	91
=	29.97

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

WSFS Financial's Net-Net Working Capital Per Share for the quarter that ended in Sep. 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)
=	(4724.307	+	0.75 * 87.36	+	0.5 * 0	-	18238.194
-	0	-	-11.249)	/	59.033
=	-227.62

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.

WSFS Financial Accounts Receivable Related Terms

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WSFS Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WSFS Financial Corp (NAS:WSFS) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Delaware Avenue, Wilmington, DE, USA, 19801

Website

https://www.wsfsbank.com

WSFS Financial Corp is a savings and loan holding company. The company operates in three segments: WSFS Bank provides loans and leases and other financial products to commercial and consumer customers. Cash Connect segment provides ATM vault cash, smart safe, and other cash logistics services; and Wealth Management provides a broad array of planning and advisor services, investment management, personal and institutional trust services, and credit and deposit products to individuals, corporate, and institutional clients. Majority revenue is generated from WSFS Bank segment.

Executives

Arthur J Bacci	officer: Executive Vice President
Stephen P Clark	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Patrick Joseph Ward	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Michael J Donahue	director
Christine Elizabeth Davis	officer: EVP, Chief Risk Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Shari Kruzinski	officer: EVP, Chief Customer Officer	WSFS BANK CENTER, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Rodger Levenson	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Francis J Leto	director	501 WILLIAMSON RD, GLADWYNE PA 19035
Richard Wright	officer: Executive Vice President
Nancy J Foster	director	C/O CIT GROUP, 505 FIFTH AVENUE, NEW YORK NY 10017
Lynn Mckee	director
Diego F. Calderin	director	971 FREDERICK DRIVE, WEST CHESTER PA 19380
Peggy H Eddens	officer: Executive Vice President	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Mark A Turner	director	C/O WSFS FINANCIAL CORP, 500 DELAWARE AVENUE, WILMINGTON DE 19801
Paul S Greenplate	officer: EVP	C/O WSFS FINANCIAL CORPORATION, 500 DELAWARE AVENUE, WILMINGTON DE 19801