PNBK (Patriot National Bancorp) Change In Receivables : $1.73 Mil (TTM As of Dec. 2024)

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What is Patriot National Bancorp Change In Receivables?

Patriot National Bancorp's change in receivables for the quarter that ended in Dec. 2024 was $0.44 Mil. It means Patriot National Bancorp's Accounts Receivable declined by $0.44 Mil from Sep. 2024 to Dec. 2024 .

Patriot National Bancorp's change in receivables for the fiscal year that ended in Dec. 2024 was $1.73 Mil. It means Patriot National Bancorp's Accounts Receivable declined by $1.73 Mil from Dec. 2023 to Dec. 2024 .

Patriot National Bancorp's Accounts Receivable for the quarter that ended in Dec. 2024 was $5.49 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. Patriot National Bancorp's Days Sales Outstanding for the three months ended in Dec. 2024 was 76.58.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Patriot National Bancorp's liquidation value for the three months ended in Dec. 2024 was $-836.55 Mil.

Patriot National Bancorp Change In Receivables Historical Data

The historical data trend for Patriot National 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.

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Patriot National Bancorp Change In Receivables Chart

Patriot National Bancorp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Receivables

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-3.02

0.80

-1.45

0.05

1.73

Patriot National Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Change In Receivables	Get a 7-Day Free Trial															-0.10	0.61	0.16	0.52	0.44

Patriot National 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.73 Mil.

Patriot National Bancorp (NAS:PNBK) 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.

Patriot National Bancorp's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	5.488	/	6.539	*	91
=	76.58

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

Patriot National Bancorp's liquidation value for the quarter that ended in Dec. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	167.36	-	1008.027	+	0.75 * 5.488	+	0.5 * 0
=	-836.55

Patriot National Bancorp Change In Receivables Related Terms

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Patriot National Bancorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Patriot National Bancorp Inc (NAS:PNBK) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

PN21:Germany

Address

900 Bedford Street, Stamford, CT, USA, 06901

Website

https://www.bankpatriot.com

Patriot National Bancorp Inc provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.

Executives

Grace Doherty	director	125 THACHER ST., MILTON MA 02186
Thomas E. Slater	officer: EVP & Chief Credit Officer	2 DIXON TERRACE, KINNELON NJ 07405
Alfred Jr. Botta	officer: EVP & Chief Payment Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David Christopher Lowery	officer: EVP & Chief Lending Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Karen Rojeski	officer: EVP & Chief Credit Officer	99 PARK AVENUE, NEW YORK NY 10016
Steven Brian Grunblatt	officer: EVP & Chief Information Office	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Gregory P. Ho	other: (1) and (2)	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I G.p., Llc	other: (1) and (2)	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Holdings I, Lp	10 percent owner, other: (1) and (2)	65 EAST 55TH STREET, 33RD FLOOR, NEW YORK NY 10022
John Steffens	other: (1) and (2)	C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487
Robert Glenn Russell	officer: President & CEO	1902 LONG HILL ROAD, MILLINGTON NJ 07946
Frederick Staudmyer	officer: EVP and Chief HR Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
Brent M Ciurlino	director	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901
David W Christiansen	officer: EVP, Chief Credit Officer	900 BEDFORD STREET, STAMFORD CT 06901
Samuel S Davis	officer: EVP and Chief Credit Officer	C/O PATRIOT NATIONAL BANCORP, INC., 900 BEDFORD STREET, STAMFORD CT 06901