Millennium Bankshares (Millennium Bankshares) Change In Receivables : $0.00 Mil (TTM As of Sep. 2008)

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What is Millennium Bankshares Change In Receivables?

Millennium Bankshares's change in receivables for the quarter that ended in Sep. 2008 was $0.00 Mil. It means Millennium Bankshares's Accounts Receivable stayed the same from Jun. 2008 to Sep. 2008 .

Millennium Bankshares's change in receivables for the fiscal year that ended in Dec. 2007 was $0.00 Mil. It means Millennium Bankshares's Accounts Receivable stayed the same from Dec. 2006 to Dec. 2007 .

Millennium Bankshares's Accounts Receivable for the quarter that ended in Sep. 2008 was $1.49 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. Millennium Bankshares's Days Sales Outstanding for the three months ended in Sep. 2008 was 260.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Millennium Bankshares's liquidation value for the three months ended in Sep. 2008 was $-286.51 Mil.

Millennium Bankshares Change In Receivables Historical Data

The historical data trend for Millennium Bankshares'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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Millennium Bankshares Change In Receivables Chart

Millennium Bankshares Annual Data

Trend

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Change In Receivables

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Millennium Bankshares Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Change In Receivables	Get a 7-Day Free Trial															-	-	-	-	-

Millennium Bankshares 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. 2008 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Millennium Bankshares (OTCPK:MBVA) 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.

Millennium Bankshares's Days Sales Outstanding for the quarter that ended in Sep. 2008 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.49	/	0.522	*	91
=	260.46

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

Millennium Bankshares's liquidation value for the quarter that ended in Sep. 2008 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	5.285	-	292.912	+	0.75 * 1.49	+	0.5 * 0
=	-286.51

Millennium Bankshares Change In Receivables Related Terms

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Millennium Bankshares (Millennium Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Millennium Bankshares Corp (OTCPK:MBVA) » Definitions » Change In Receivables

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Address

1601 Washington Plaza, Reston, VA, USA, 20190

Website

https://www.millenniumbank.com

Millennium Bankshares Corp is a bank holding company. The Company through its bank holding provides commercial, retail and consumer banking services to meet the needs of businesses and consumers in the communities it serves.

Executives

Williams Frank E Jr

other: 9% Ownership

2789-B HARTLAND ROAD, FALLS CHURCH VA 22043

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