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FinWise Bancorp (FinWise Bancorp) Accounts Receivable : $3.43 Mil (As of Mar. 2024)


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What is FinWise Bancorp Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FinWise Bancorp's accounts receivables for the quarter that ended in Mar. 2024 was $3.43 Mil.

Accounts receivable can be measured by Days Sales Outstanding. FinWise Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 15.97.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FinWise Bancorp's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-25.79.


FinWise Bancorp Accounts Receivable Historical Data

The historical data trend for FinWise Bancorp'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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FinWise Bancorp Accounts Receivable Chart

FinWise Bancorp Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
0.94 1.63 1.55 1.82 3.57

FinWise Bancorp Quarterly Data
Dec19 Mar20 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 2.17 2.32 2.71 3.57 3.43

FinWise Bancorp Accounts Receivable Calculation

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


FinWise Bancorp 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3.429/19.594*91
=15.97

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

FinWise Bancorp'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)
=(115.79+0.75 * 3.429+0.5 * 0-448.351
-0-0)/12.7936
=-25.79

* 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.


FinWise Bancorp Accounts Receivable Related Terms

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FinWise Bancorp (FinWise Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
756 East Winchester, Suite 100, Murray, UT, USA, 84107
FinWise Bancorp is an independent bank that provides a full range of banking services to individual and corporate customers. The bank's primary source of revenue is from loans including Small Business Administration, commercial, commercial real estate, residential real estate, and consumer.
Executives
Javvis O Jacobson officer: CFO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
James N Giordano director 208 HARRISTOWN ROAD, SUITE 101, GLEN ROCK NJ 07452
Kent Landvatter director, officer: PRESIDENT AND CEO 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Dawn M Cannon officer: COO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Alan Weichselbaum director 50 SEALY DRIVE, LAWRENCE NY 11559
Michael Christopher Obrien officer: See Remarks 756 EAST WINCHESTER, SUITE 100, MURRAY UT 84107
David Tilis officer: CSO AND SENIOR VP 43 NORTH VILLAGE AVENUE, 2ND FLOOR, ROCKVILLE CENTRE NY 11570
Gibson Thomas Elmer Jr director 9122 INGRAM DRIVE, WEST JORDAN UT 84088
Jeana Hutchings director 136 E SOUTH TEMPLE, 2300, SALT LAKE CITY UT 84111
Howard I Reynolds director 12464 SOUTH 1840 EAST, DRAPER UT 84020
Gerald Edwin Cunningham director P.O. BOX 1061, DRAPER UT 84020
Healey Russell Fred Jr director 4014 SOUTH HIGHLAND DRIVE, SALT LAKE CITY UT 84124
James Noone officer: CCO AND EXECUTIVE VP 765 E WINCHESTER ST, SUITE 100, MURRAY UT 84107
Lisa Ann Nievaard director 12634 S 265 W, DRAPER UT 84020