Eastern Michigan Financial (Eastern Michigan Financial) Change In Receivables : $0.00 Mil (TTM As of Dec. 2006)

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What is Eastern Michigan Financial Change In Receivables?

Eastern Michigan Financial's change in receivables for the quarter that ended in Dec. 2006 was $0.00 Mil. It means Eastern Michigan Financial's Accounts Receivable stayed the same from Dec. 2005 to Dec. 2006 .

Eastern Michigan Financial's change in receivables for the fiscal year that ended in Dec. 2006 was $0.00 Mil. It means Eastern Michigan Financial's Accounts Receivable stayed the same from Dec. 2005 to Dec. 2006 .

Eastern Michigan Financial's Accounts Receivable for the quarter that ended in Dec. 2006 was $0.00 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. Eastern Michigan Financial's Days Sales Outstanding for the six months ended in Dec. 2006 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Eastern Michigan Financial's liquidation value for the six months ended in Dec. 2006 was $-205.25 Mil.

Eastern Michigan Financial Change In Receivables Historical Data

The historical data trend for Eastern Michigan 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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Eastern Michigan Financial Change In Receivables Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Change In Receivables

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Change In Receivables	-	-	-	-	-

Eastern Michigan 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2006 was $0.00 Mil.

Eastern Michigan Financial (OTCPK:EFIN) 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.

Eastern Michigan Financial's Days Sales Outstanding for the quarter that ended in Dec. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	10.104	*	91
=	0.00

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

Eastern Michigan Financial's liquidation value for the quarter that ended in Dec. 2006 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.599	-	210.846	+	0.75 * 0	+	0.5 * 0
=	-205.25

Eastern Michigan Financial Change In Receivables Related Terms

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Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Change In Receivables

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Traded in Other Exchanges

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Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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