Grand River Commerce (Grand River Commerce) Change In Receivables : $0.00 Mil (TTM As of Dec. 2023)

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What is Grand River Commerce Change In Receivables?

Grand River Commerce's change in receivables for the quarter that ended in Dec. 2023 was $0.00 Mil. It means Grand River Commerce's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

Grand River Commerce's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.43 Mil. It means Grand River Commerce's Accounts Receivable increased by $0.43 Mil from Dec. 2022 to Dec. 2023 .

Grand River Commerce's Accounts Receivable for the quarter that ended in Dec. 2023 was $4.57 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. Grand River Commerce's Days Sales Outstanding for the three months ended in Dec. 2023 was 1,478.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Grand River Commerce's liquidation value for the three months ended in Dec. 2023 was $-474.16 Mil.

Grand River Commerce Change In Receivables Historical Data

The historical data trend for Grand River Commerce'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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Grand River Commerce Change In Receivables Chart

Grand River Commerce Annual Data

Trend

Dec10

Dec11

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.07

-0.29

-2.23

-0.78

-0.43

Grand River Commerce 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															-	-	-	-	-

Grand River Commerce 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 $0.00 Mil.

Grand River Commerce (OTCPK:GNRV) 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.

Grand River Commerce's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4.568	/	0.282	*	91
=	1,478.12

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

Grand River Commerce'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)
=	35.863	-	513.448	+	0.75 * 4.568	+	0.5 * 0
=	-474.16

Grand River Commerce Change In Receivables Related Terms

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Grand River Commerce (Grand River Commerce) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grand River Commerce Inc (OTCPK:GNRV) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

4471 Wilson Avenue, South West, Grandville, MI, USA, 49418

Website

https://www.grandriverbank.com

Grand River Commerce Inc is a United States based bank holding company. It operates a full-service commercial bank and offers a range of commercial and consumer banking services to businesses, professionals, and local residents. The bank's deposit products are Interest and Non-interest bearing checking accounts, Savings accounts and Time deposits, and its primary lending products are Real estate mortgages, Commercial and Consumer loans. The company's prime source of revenue is the interest income.

Executives

Patrick K Gill	officer: PRES/CEO - Grand River Bank
Thomas Patrick Jeakle	director	333 BRIDGE NW, 11TH FLOOR, GRAND RAPIDS MI 49504
Randall L Hartgerink	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Ted Kortes	director	PO BOX 100, MT. PLEASANT MI 48804-0100
Blauw Richard James Jr	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Roger Lee Roode	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jerry Andrew Sytsma	director, officer: VICE PRESIDENT, SECRETARY	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Robert Paul Bilotti	director, officer: CHAIRMAN, PRESIDENT AND CEO	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Jeffrey Alan Elders	director, officer: Treasurer	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
David Kenneth Hovingh	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Cheryl Mae Blouw	director	4471 WISLON AVENUE SW, GRANDVILLE MI 49418
David Harold Blossey	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Lawrence Barcley Fitch	director	4471 WILSON AVENUE SW, GRANDVILLE MI 49418
Elizabeth Claire Bracken	officer: Chief Financial Officer	4471 WILSON AVE. SW, GRANDVILLE MI 49418
Mark Arden Martis	officer: CLO for Grand River Bank	4471 WILSON AVE SW, GRANDVILLE MI 49418

Grand River Commerce (Grand River Commerce) Headlines

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Grand River Commerce, Inc. to Webcast Live at VirtualInvestorConferences.com September 26th

By PRNewswire PRNewswire • 09-23-2019