SBSI (Southside Bancshares) Change In Receivables : $1.8 Mil (TTM As of Sep. 2024)

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What is Southside Bancshares Change In Receivables?

Southside Bancshares's change in receivables for the quarter that ended in Sep. 2024 was $12.5 Mil. It means Southside Bancshares's Accounts Receivable declined by $12.5 Mil from Jun. 2024 to Sep. 2024 .

Southside Bancshares's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.1 Mil. It means Southside Bancshares's Accounts Receivable increased by $1.1 Mil from Dec. 2022 to Dec. 2023 .

Southside Bancshares's Accounts Receivable for the quarter that ended in Sep. 2024 was $37.9 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. Southside Bancshares's Days Sales Outstanding for the three months ended in Sep. 2024 was 54.68.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Southside Bancshares's liquidation value for the three months ended in Sep. 2024 was $-5,656.2 Mil.

Southside Bancshares Change In Receivables Historical Data

The historical data trend for Southside 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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Southside Bancshares Change In Receivables Chart

Southside Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.17

-10.26

-0.44

-10.21

-1.14

Southside Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Change In Receivables	Get a 7-Day Free Trial															8.62	-10.84	10.77	-10.68	12.51

Southside 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.8 Mil.

Southside Bancshares (NYSE:SBSI) 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.

Southside Bancshares's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.888	/	63.223	*	91
=	54.68

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

Southside Bancshares's liquidation value for the quarter that ended in Sep. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	1872.409	-	7557.009	+	0.75 * 37.888	+	0.5 * 0
=	-5,656.2

Southside Bancshares Change In Receivables Related Terms

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Southside Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southside Bancshares Inc (NYSE:SBSI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

1201 South Beckham Avenue, Tyler, TX, USA, 75701

Website

https://www.southside.com

Southside Bancshares Inc is a financial institution offering financial services to individuals, businesses, municipal entities, and non-profit organizations. It provides various services such as personal banking, business banking, mortgage, equity lending, wealth management and trust, and brokerage. The bank generates its revenue in the form of interest income, gains on sales of assets, and fee income.

Executives

Brian K Mccabe	officer: Secretary & EVP	PO BOX 1079, TYLER TX 75710
Suni M Davis	officer: CHIEF RISK OFFICER	PO BOX 1079, TYLER TX 75710
Lee R Gibson	director, officer: Executive Vice President	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Arnold T L Jr	officer: SEVP & CCO	1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Jared C. Green	officer: SVP	1201 S. BECKHAM, TYLER TX 75701
Julie Shamburger	officer: Vice President & Controller	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701
Herbert C Buie	director
Sammons John F Jr	director	1320 S. UNIVERSITY DRIVE, SUITE 900, FORT WORTH TX 76107
Tony K Morgan	director	PO BOX 1079, TYLER X1 75710
Cindy Blackstone	officer: Chief Retail Officer	1201 S. BECKHAM AVE, TYLER TX 75701
Susan Elaine Anderson	director	PO BOX 1079, TYLER TX 75710
Keith Donahoe	officer: RP CTX	1201 S. BECKHAM, TYLER TX 75701
Donald W Thedford	director	PO BOX 1079, TYLER TX 75710
Alton L. Frailey	director	1201 S. BECKHAM AVE, TYLER TX 75701
William Sheehy	director	SOUTHSIDE BANCSHARES INC, 1201 SOUTH BECKHAM, TYLER TX 75701