GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bank (NAS:FRBA) » Definitions » Change In Receivables

First Bank (First Bank) Change In Receivables : $-2.7 Mil (TTM As of Dec. 2023)


View and export this data going back to 2007. Start your Free Trial

What is First Bank Change In Receivables?

First Bank's change in receivables for the quarter that ended in Dec. 2023 was $0.0 Mil. It means First Bank's Accounts Receivable declined by $0.0 Mil from Sep. 2023 to Dec. 2023 .

First Bank's change in receivables for the fiscal year that ended in Dec. 2023 was $-2.7 Mil. It means First Bank's Accounts Receivable increased by $2.7 Mil from Dec. 2022 to Dec. 2023 .

First Bank's Accounts Receivable for the quarter that ended in Dec. 2023 was $14.8 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 Bank's Days Sales Outstanding for the three months ended in Dec. 2023 was 48.11.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. First Bank's liquidation value for the three months ended in Dec. 2023 was $-2,918.0 Mil.


First Bank Change In Receivables Historical Data

The historical data trend for First Bank'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 Bank Change In Receivables Chart

First Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Receivables
Get a 7-Day Free Trial Premium Member Only -0.03 -2.00 1.14 -2.48 -2.71

First Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -1.27 -0.40 -0.10 -2.24 0.02

First Bank 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 $-2.7 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 Bank  (NAS:FRBA) 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 Bank's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=14.763/27.999*91
=48.11

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

First Bank'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)
=309.319-3238.427+0.75 * 14.763+0.5 * 0
=-2,918.0

* 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 Bank Change In Receivables Related Terms

Thank you for viewing the detailed overview of First Bank's Change In Receivables provided by GuruFocus.com. Please click on the following links to see related term pages.


First Bank (First Bank) Business Description

Traded in Other Exchanges
N/A
Address
2465 Kuser Road, Hamilton, NJ, USA, 08690
First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Camden Counties in New Jersey. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. Its Business Banking offers commercial deposit accounts, business loans, online banking, cash management.
Executives
Terrance M Mccarthy director, officer: Senior EVP/COO 550 MONTGOMERY ST, SAN FRANCISCO CA 94111