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First BanCorp (First BanCorp) Change In Receivables : $-5.4 Mil (TTM As of Dec. 2023)


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What is First BanCorp Change In Receivables?

First BanCorp's change in receivables for the quarter that ended in Dec. 2023 was $-9.0 Mil. It means First BanCorp's Accounts Receivable increased by $9.0 Mil from Sep. 2023 to Dec. 2023 .

First BanCorp's change in receivables for the fiscal year that ended in Dec. 2023 was $-5.4 Mil. It means First BanCorp's Accounts Receivable increased by $5.4 Mil from Dec. 2022 to Dec. 2023 .

First BanCorp's Accounts Receivable for the quarter that ended in Dec. 2023 was $77.7 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. First BanCorp's Days Sales Outstanding for the three months ended in Dec. 2023 was 34.47.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First BanCorp's liquidation value for the three months ended in Dec. 2023 was $-11,460.5 Mil.


First BanCorp Change In Receivables Historical Data

The historical data trend for First BanCorp'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.

* Premium members only.

First BanCorp Change In Receivables Chart

First BanCorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.97 6.42 7.70 -11.34 -5.44

First BanCorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.57 -6.72 1.70 -8.98 -

First BanCorp 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5.4 Mil.

* 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.


First BanCorp  (NYSE:FBP) 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.

First BanCorp's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=77.716/205.735*91
=34.47

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

First BanCorp's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=5893.148-17411.94+0.75 * 77.716+0.5 * 0
=-11,460.5

* 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.


First BanCorp Change In Receivables Related Terms

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First BanCorp (First BanCorp) Business Description

Traded in Other Exchanges
Address
1519 Ponce de Leon Avenue, Stop 23, San Juan, PRI, 00908
First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
Executives
Carlos Power officer: EVP P.O. BOX 9146, SAN JUAN PR 00908-0146
Aurelio Aleman officer: Executive Vice President P.O. BOX 9146, SAN JUAN PR 00908-0146
Donald Kafka officer: Chief Operating Officer PO BOX 9146, SAN JUAN PR 00908
Nayda Rivera officer: EVP PO BOX 9146, SAN JUAN PR 00908 0146
John A. Heffern director 7 TOFTREES COURT, PRINCETON NJ 08540
Tracey A Dedrick director C/O HUDSON CITY BANCORP, INC., PARAMUS NJ 07652
Daniel Edward Frye director 5 APPLEWOOD CIRCLE, EASTSANDWICH MA 02537
Gonzalez Orlando Berges officer: EVP and CFO PO BOX 9146, SAN JUAN PR 00908-0146
Roberto R Herencia director P.O. BOX 9146, SAN JUAN PR 00908
Patricia Eaves director PO BOX 9146, SAN JUAN PR 00908
Said Ortiz officer: Chief Accounting Officer PO BOX 9146, SAN JUAN PR 00908
Jose Maria Lacasa officer: EVP PO BOX 9146, SAN JUAN PR 00908
Lilian Diaz-bento officer: EVP PO BOX 9146, SAN JUAN PR 00908
Juan Carlos Pavia officer: EVP, Chief Credit Officer PO BOX 9146, SAN JUAN PR 00908
Sara Alvarez-cabrero officer: EVP, General Counsel PO BOX 9146, SAN JUAN PR 00908