SBKO (Summit Bank Group) Change In Receivables : $-0.63 Mil (TTM As of Dec. 2023)

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What is Summit Bank Group Change In Receivables?

Summit Bank Group's change in receivables for the quarter that ended in Dec. 2023 was $-0.63 Mil. It means Summit Bank Group's Accounts Receivable increased by $0.63 Mil from Dec. 2022 to Dec. 2023 .

Summit Bank Group's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.63 Mil. It means Summit Bank Group's Accounts Receivable increased by $0.63 Mil from Dec. 2022 to Dec. 2023 .

Summit Bank Group's Accounts Receivable for the quarter that ended in Dec. 2023 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. Summit Bank Group's Days Sales Outstanding for the six months ended in Dec. 2023 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. Summit Bank Group's liquidation value for the six months ended in Dec. 2023 was $-908.31 Mil.

Summit Bank Group Change In Receivables Historical Data

The historical data trend for Summit Bank Group'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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Summit Bank Group Change In Receivables Chart

Summit Bank Group Annual Data

Trend

Dec06

Dec07

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.14

-0.40

-0.21

-1.79

-0.63

Summit Bank Group Semi-Annual Data
	Dec06	Dec07	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Change In Receivables	Get a 7-Day Free Trial				-0.14	-0.40	-0.21	-1.79	-0.63

Summit Bank Group 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.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.63 Mil.

Summit Bank Group (OTCPK:SBKO) 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.

Summit Bank Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	45.804	*	91
=	0.00

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

Summit Bank Group'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)
=	74.402	-	982.715	+	0.75 * 0	+	0.5 * 0
=	-908.31

Summit Bank Group Change In Receivables Related Terms

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Summit Bank Group Business Description

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Address

96 East Broadway, Eugene, OR, USA, 97401

Website

https://www.sbko.bank

Summit Bank Group Inc provides commercial banking, financing, real estate lending and other services in Lane, Deschutes and Multnomah Counties in Oregon. It also specializes in providing high-level service to professionals and medium-sized businesses and their owners.