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Amalgamated Financial (Amalgamated Financial) Accounts Receivable : $53.4 Mil (As of Mar. 2024)


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What is Amalgamated Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Amalgamated Financial's accounts receivables for the quarter that ended in Mar. 2024 was $53.4 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Amalgamated Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 63.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Amalgamated Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-189.99.


Amalgamated Financial Accounts Receivable Historical Data

The historical data trend for Amalgamated Financial's Accounts Receivable 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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Amalgamated Financial Accounts Receivable Chart

Amalgamated Financial Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 19.09 23.97 28.82 41.44 55.48

Amalgamated Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 40.84 44.10 47.75 55.48 53.44

Amalgamated Financial Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Amalgamated Financial Accounts Receivable 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 receivables are being managed.

Amalgamated Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=53.436/76.194*91
=63.99

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Amalgamated Financial's accounts receivable are only considered to be worth 75% of book value:

Amalgamated Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1683.255+0.75 * 53.436+0.5 * 0-7519.744
-0-0.133)/30.5104
=-189.99

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Amalgamated Financial Accounts Receivable Related Terms

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Amalgamated Financial (Amalgamated Financial) Business Description

Traded in Other Exchanges
Address
275 Seventh Avenue, New York, NY, USA, 10001
Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers a range of products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.
Executives
Finser Mark director 275 SEVENTH AVE., NEW YORK NY 10001
Jason Darby officer: Executive VP 275 SEVENTH AVE., NEW YORK NY 10001
Sam D. Brown officer: Executive VP 275 SEVENTH AVE., NEW YORK NY 10001
Amalgamated Financial Corp. 10 percent owner, other: Workers United 275 SEVENTH AVE., NEW YORK NY 10001
Mandy Tenner officer: Executive VP, General Counsel 275 SEVENTH AVE., NEW YORK NY 10001
Sean Searby officer: EVP, Operations & Program Mgmt 275 SEVENTH AVENUE, NEW YORK NY 10001
Tyrone Graham officer: EVP, Chief HR Officer 275 7TH AVENUE, NEW YORK NY 10001
Maryann Bruce director C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Ina Narula officer: EVP, Chief Risk Officer 275 7TH AVENUE, NEW YORK NY 10001
Leslie Veluswamy officer: Executive Vice President & CAO 300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Ronald W Burkle 10 percent owner
Yucaipa Corporate Initiatives Fund Ii Lp 10 percent owner 9130 West Sunset Boulevard, Los Angeles CA 90069
Yucaipa Corporate Initiatives (parallel) Fund Ii Lp 10 percent owner 9130 West Sunset Boulevard, Los Angeles CA 90069
Meredith Miller director 275 SEVENTH AVE., NEW YORK NY 10001
Margaret Matilda Lanning officer: EVP, Chief Credit Risk Officer 275 7TH AVENUE, NEW YORK NY 10001