Greer Bancshares (Greer Bancshares) Change In Receivables : $-0.05 Mil (TTM As of Sep. 2015)

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What is Greer Bancshares Change In Receivables?

Greer Bancshares's change in receivables for the quarter that ended in Sep. 2015 was $0.00 Mil. It means Greer Bancshares's Accounts Receivable stayed the same from Jun. 2015 to Sep. 2015 .

Greer Bancshares's change in receivables for the fiscal year that ended in Dec. 2013 was $0.09 Mil. It means Greer Bancshares's Accounts Receivable declined by $0.09 Mil from Dec. 2012 to Dec. 2013 .

Greer Bancshares's Accounts Receivable for the quarter that ended in Sep. 2015 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. Greer Bancshares's Days Sales Outstanding for the three months ended in Sep. 2015 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. Greer Bancshares's liquidation value for the three months ended in Sep. 2015 was $-336.36 Mil.

Greer Bancshares Change In Receivables Historical Data

The historical data trend for Greer Bancshares'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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Greer Bancshares Change In Receivables Chart

Greer Bancshares Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Change In Receivables

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0.04

0.23

0.31

0.05

0.09

Greer Bancshares Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Mar15	Jun15	Sep15
Change In Receivables	Get a 7-Day Free Trial															0.03	-0.05	-	-	-

Greer Bancshares 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. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.05 Mil.

Greer Bancshares (OTCPK:GRBS) 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.

Greer Bancshares's Days Sales Outstanding for the quarter that ended in Sep. 2015 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	3.426	*	91
=	0.00

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

Greer Bancshares's liquidation value for the quarter that ended in Sep. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	11.584	-	347.944	+	0.75 * 0	+	0.5 * 0
=	-336.36

Greer Bancshares Change In Receivables Related Terms

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Greer Bancshares (Greer Bancshares) Business Description

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Address

Website

http://www.greerstatebank.com

Greer Bancshares Inc was formed in July 2001 as a one-bank holding company for Greer State Bank. The Company holds its investment in its banking subsidiary. The Company offers banking services through its subsidiary, including checking, savings, brokered deposits and other time deposits of various types, loans for business, real estate, personal use, home improvements, automobiles and a number of other types of loans and services. In addition, drive-up, safe deposit and night depository facilities are offered. The Bank solicits deposit accounts from individuals, businesses, associations and organizations and governmental authorities. The Bank's deposits consist of retail checking accounts, NOW accounts, money market accounts, retail savings accounts and certificates of deposit. These deposits, along with short-term borrowings, long-term borrowings, and brokered deposits, are used to support its asset base. The Bank makes and services both secured and unsecured loans to individuals and businesses in its market area. The Bank strives for a balanced mix of consumer lending, commercial lending to small and medium-sized businesses and mortgage lending, both consumer and commercial. The Bank's portfolio consists of commercial, commercial real estate, real estate construction, residential mortgage, consumer installment loans and other consumer loans, as well as a small amount of lease financings and obligations of state and political subdivisions. Other banking services provided include travelers' checks, safe deposit boxes, direct deposit of payroll and social security checks, as well as automatic drafts for various accounts. It also offers, functional and user friendly internet online banking and cash management services. The Company competes with several banks which dominate the commercial banking industry in its service areas. In addition, it also competes with other community banks, savings institutions and credit unions. Both the Company and the Bank are subject to state and federal banking laws and regulations, which impose specific requirements or restrictions on and provide for general regulatory oversight of virtually all aspects of operations.

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