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Citizens Bancshares (Citizens Bancshares) Change In Receivables : $0.00 Mil (TTM As of Sep. 2016)


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What is Citizens Bancshares Change In Receivables?

Citizens Bancshares's change in receivables for the quarter that ended in Sep. 2016 was $0.00 Mil. It means Citizens Bancshares's Accounts Receivable stayed the same from Jun. 2016 to Sep. 2016 .

Citizens Bancshares's change in receivables for the fiscal year that ended in Dec. 2015 was $0.00 Mil. It means Citizens Bancshares's Accounts Receivable stayed the same from Dec. 2014 to Dec. 2015 .

Citizens Bancshares's Accounts Receivable for the quarter that ended in Sep. 2016 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. Citizens Bancshares's Days Sales Outstanding for the three months ended in Sep. 2016 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. Citizens Bancshares's liquidation value for the three months ended in Sep. 2016 was $-315.38 Mil.

Citizens Bancshares Change In Receivables Historical Data

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

Citizens Bancshares Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Change In Receivables
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Citizens Bancshares Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
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Citizens 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.

Citizens Bancshares  (OTCPK:CZBS) 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.

Citizens Bancshares's Days Sales Outstanding for the quarter that ended in Sep. 2016 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/4.23*91
=0.00

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

Citizens Bancshares's liquidation value for the quarter that ended in Sep. 2016 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=38.535-353.914+0.75 * 0+0.5 * 0
=-315.38

* 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.

Citizens Bancshares Change In Receivables Related Terms

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Citizens Bancshares (Citizens Bancshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens Bancshares Corp (OTCPK:CZBS) » Definitions » Change In Receivables
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Traded in Other Exchanges
N/A
Address
230 Peachtree Street NW, Suite 2700, Atlanta, GA, USA, 30303
Website
https://www.ctbconnect.com
Citizens Bancshares Corp is a bank holding company. The company provides a range of commercial banking to individual and corporate customers through its subsidiary. The bank offers a range of commercial and consumer deposit accounts, including non-interest-bearing checking accounts, individual retirement accounts, time certificates of deposit and regular savings accounts. Citizens Bancshares engages in a range of lending activities, including consumer/installment loans, mortgage loans, home equity lines of credit, and construction loans and commercial loans.
Executives
Cynthia N Day director, officer: President & CEO 75 PIEDMONT AVE, ATLANTA GA 30303