Southern Banc Co (Southern Banc Co) Change In Receivables : $-0.49 Mil (TTM As of Jun. 2023)

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What is Southern Banc Co Change In Receivables?

Southern Banc Co's change in receivables for the quarter that ended in Jun. 2023 was $-0.49 Mil. It means Southern Banc Co's Accounts Receivable increased by $0.49 Mil from Jun. 2022 to Jun. 2023 .

Southern Banc Co's change in receivables for the fiscal year that ended in Jun. 2023 was $-0.49 Mil. It means Southern Banc Co's Accounts Receivable increased by $0.49 Mil from Jun. 2022 to Jun. 2023 .

Southern Banc Co's Accounts Receivable for the quarter that ended in Jun. 2023 was $0.78 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. Southern Banc Co's Days Sales Outstanding for the six months ended in Jun. 2023 was 16.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Southern Banc Co's liquidation value for the six months ended in Jun. 2023 was $-46.85 Mil.

Southern Banc Co Change In Receivables Historical Data

The historical data trend for Southern Banc Co'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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Southern Banc Co Change In Receivables Chart

Southern Banc Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Change In Receivables

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0.02

-0.03

-0.05

-0.02

-0.49

Southern Banc Co Semi-Annual Data
	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Change In Receivables	Get a 7-Day Free Trial															0.02	-0.03	-0.05	-0.02	-0.49

Southern Banc Co 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 Jun. 2023 was $-0.49 Mil.

Southern Banc Co (OTCPK:SRNN) 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.

Southern Banc Co's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.782	/	8.828	*	91
=	16.17

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

Southern Banc Co's liquidation value for the quarter that ended in Jun. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	49.07	-	96.509	+	0.75 * 0.782	+	0.5 * 0
=	-46.85

Southern Banc Co Change In Receivables Related Terms

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Southern Banc Co (Southern Banc Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Banc Co Inc (OTCPK:SRNN) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

221 South 6th Street, Gadsden, AL, USA, 35901

Website

https://www.sobanco.com

Southern Banc Co Inc provides personal and business banking solutions. It offers banking solutions for every personal banking need including Personal Checking, Mortgage Loans, Consumer Loans, and Home Equity Lines of Credit. The principal business of the Bank consists of accepting deposits from the general public through the Bank's main and branch offices and investing those funds in loans secured by real estate properties, commercial and consumer loans located in the Bank's primary market area, and factoring. The company serves small and medium-sized business customers the United States.

Executives

Fred Taylor	director
Little James B Iii	director
Craig G Cantrell	director
Dowling Thomas F Iii	director
Little James B Jr	director, officer: Vice President
Gates Little	director, officer: President