Business First Bancshares (Business First Bancshares) Accounts Receivable : $29.3 Mil (As of Mar. 2024)

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What is Business First Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Business First Bancshares's accounts receivables for the quarter that ended in Mar. 2024 was $29.3 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Business First Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 44.14.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Business First Bancshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-197.67.

Business First Bancshares Accounts Receivable Historical Data

The historical data trend for Business First Bancshares'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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Business First Bancshares Accounts Receivable Chart

Business First Bancshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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8.03

23.90

19.60

25.67

29.92

Business First Bancshares 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															25.45	26.86	28.06	29.92	29.33

Business First Bancshares Accounts Receivable Calculation

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

Business First Bancshares 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.

Business First Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	29.326	/	60.623	*	91
=	44.14

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

Business First Bancshares'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)
=	(1058.809	+	0.75 * 29.326	+	0.5 * 0	-	6046.524
-	71.93	-	0)	/	25.4854
=	-197.67

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.

Business First Bancshares Accounts Receivable Related Terms

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Business First Bancshares (Business First Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Business First Bancshares Inc (NAS:BFST) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Laurel Street, Suite 101, Baton Rouge, LA, USA, 70801

Website

https://www.b1bank.com

Business First Bancshares Inc is a United States-based bank holding company. The company's services include personal and commercial banking, treasury management, and wealth solutions. It provides a range of financial services to small-to-midsized businesses and professionals. The company generates most of its revenues from interest income on loans, customer service and loan fees, and interest income from securities.

Executives

Mark P. Folse	director, officer: EVP - b1BANK	500 LAUREL STREET, BATON ROUGE LA 70801
Rick D. Day	director	500 LAUREL STREET, BATON ROUGE LA 70801
Jesse Jackson	officer: EVP & Pres., Fin. Institutions	500 LAUREL STREET, BATON ROUGE LA 70801
Kathryn Manning	officer: Chief Risk Officer	500 LAUREL STREET, BATON ROUGE LA 70801
John P. Ducrest	director	500 LAUREL STREET, BATON ROUGE LA 70801
Greg Robertson	officer: CFO and Treasurer	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Arthur Price	director	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Steven Gerard White	director	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Joseph Vernon Johnson	director	500 LAUREL STREET, BATON ROUGE LA 70801
Kenneth W. Smith	director	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Andrew D. Mclindon	director	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Mccollister Rolfe H. Jr.	director	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Keith Mansfield	officer: EVP&COO of Business First Bank	500 LAUREL AVENUE, SUITE 100, BATON ROUGE LA 70801
Carol Calkins	director	500 LAUREL STREET, BATON ROUGE LA 70801
Smith Edgar R. Iii	director	400 EAST THOMAS STREET, HAMMOND LA 70401