SHBI (Shore Bancshares) Change In Receivables : $-4.3 Mil (TTM As of Sep. 2024)

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What is Shore Bancshares Change In Receivables?

Shore Bancshares's change in receivables for the quarter that ended in Sep. 2024 was $-0.4 Mil. It means Shore Bancshares's Accounts Receivable increased by $0.4 Mil from Jun. 2024 to Sep. 2024 .

Shore Bancshares's change in receivables for the fiscal year that ended in Dec. 2023 was $-0.7 Mil. It means Shore Bancshares's Accounts Receivable increased by $0.7 Mil from Dec. 2022 to Dec. 2023 .

Shore Bancshares's Accounts Receivable for the quarter that ended in Sep. 2024 was $20.0 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. Shore Bancshares's Days Sales Outstanding for the three months ended in Sep. 2024 was 36.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Shore Bancshares's liquidation value for the three months ended in Sep. 2024 was $-5,052.5 Mil.

Shore Bancshares Change In Receivables Historical Data

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

Shore Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.11

-3.16

2.15

-2.67

-0.72

Shore 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															2.08	-3.53	-0.32	-0.10	-0.35

Shore 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 $-4.3 Mil.

Shore Bancshares (NAS:SHBI) 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.

Shore 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
=	19.992	/	50.55	*	91
=	36.09

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

Shore 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)
=	316.96	-	5384.433	+	0.75 * 19.992	+	0.5 * 0
=	-5,052.5

Shore Bancshares Change In Receivables Related Terms

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Shore Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shore Bancshares Inc (NAS:SHBI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

18 East Dover Street, Easton, MD, USA, 21601

Website

https://www.shorebancshares.com

Shore Bancshares Inc is a financial holding company. It offers personalized banking, insurance, and investment services to families and businesses in the Mid-Atlantic region. It operates in two business segments - community banking and mortgage banking. Community banking is conducted through the Bank and involves delivering a broad range of financial services, including lending and deposit-taking, to individuals and commercial enterprises, it also includes treasury and administrative functions. Mortgage banking is conducted through the Bank's secondary marketing department and involves originating first and second-lien residential mortgages for sale in the secondary market.

Executives

Konrad Wayson	director	5378 SUDLEY ROAD, WEST RIVER MD 20778
John Lamon	director	62 EAST LAKE DRIVE, ANNAPOLIS MD 21403
Kelly Clyde V. Iii	director	28969 INFORMATION LANE, EASTON MD 21601
Michael Brian Adams	director	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Dawn M. Willey	director	18 E. DOVER STREET, EASTON MD 21601
David S. Jones	director	791 SONNE DRIVE, ANNAPOLIS MD 21401
Christy Lombardi	officer: Chief Human Resources Officer	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Slater A Joseph Jr	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Jenkins Louis P Jr	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Stone Joseph V Jr	director	C/O TRI-COUNTY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
James M Burke	director, officer: President & CEO	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Mary Todd Peterson	director	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Todd L Capitani	officer: EVP & CFO	3035 LEONARDTOWN ROAD, WALDORF MD 20601
Sanders Edward Lawrence Iii	director	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601
Brian Scot Ebron	officer: Chief Banking Officer	C/O THE COMMUNITY FINANCIAL CORPORATION, 3035 LEONARDTOWN ROAD, WALDORF MD 20601