CTUY (Century Next Financial) Change In Receivables : $1.79 Mil (TTM As of Sep. 2024)

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What is Century Next Financial Change In Receivables?

Century Next Financial's change in receivables for the quarter that ended in Sep. 2024 was $1.65 Mil. It means Century Next Financial's Accounts Receivable declined by $1.65 Mil from Jun. 2024 to Sep. 2024 .

Century Next Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.24 Mil. It means Century Next Financial's Accounts Receivable increased by $0.24 Mil from Dec. 2022 to Dec. 2023 .

Century Next Financial's Accounts Receivable for the quarter that ended in Sep. 2024 was $3.38 Mil.

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 Receivable are being managed. Century Next Financial's Days Sales Outstanding for the three months ended in Sep. 2024 was 33.13.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Century Next Financial's liquidation value for the three months ended in Sep. 2024 was $-546.98 Mil.

Century Next Financial Change In Receivables Historical Data

The historical data trend for Century Next Financial's Change In Receivables 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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Century Next Financial Change In Receivables Chart

Century Next Financial Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.73

-0.32

0.54

-1.47

-0.24

Century Next Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															-0.77	1.11	-0.68	-0.29	1.65

Century Next Financial Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.79 Mil.

Century Next Financial (OTCPK:CTUY) Change In Receivables 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 Receivable are being managed.

Century Next 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
=	3.383	/	9.317	*	91
=	33.13

2. In Ben Graham's calculation of liquidation value, Century Next Financial's accounts receivable are only considered to be worth 75% of book value:

Century Next Financial's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	226.124	-	775.642	+	0.75 * 3.383	+	0.5 * 0
=	-546.98

Century Next Financial Change In Receivables Related Terms

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Century Next Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Century Next Financial Corp (OTCPK:CTUY) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

505 North Vienna Street, Ruston, LA, USA, 71270

Website

https://www.cnext.bank

Century Next Financial Corp is the United States-based holding company for Bank of Ruston. The Bank is a full-service bank that emphasizes professional and personal banking services directed to small and medium-sized businesses, professionals, and individuals. The Bank provides a full range of banking services including its business of real estate lending to residential and commercial customers.

Executives

William D Hogan	director, officer: EVP Business Development	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Thomas W Rogers	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
David Layne Weeks	officer: SVP and Chief Credit Officer*	BANK OF RUSTON, 505 N. VIENNA STREET, RUSTON LA 71270
Mark Anthony Taylor	officer: Chief Financial Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Oneal Dan E Iii	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Benjamin L Denny	director, officer: President and CEO	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Warren L Post	officer: (1) VP and Mortgage Lender	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Lorie R Hamlin	officer: (1) VP and Operations Manager	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
James H Hall	officer: (1) SVP & Chief Credit Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Scott R Thompson	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Daniel D Reneau	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Barbara L Ford	officer: (1) SVP and IT Officer	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
G Randall Allison	officer: (1) Vice President and CFO	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
Neal Walpole	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270
J Brandon Ewing	director	CENTURY NEXT FINANCIAL CORPORATION, 505 NORTH VIENNA STREET, RUSTON LA 71270