Accounts Receivable are created when a customer has received a product but has not yet paid for that product. FNCB Bancorp's accounts receivables for the quarter that ended in Mar. 2024 was $7.59 Mil.
Accounts receivable can be measured by Days Sales Outstanding.
FNCB Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 46.62.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. FNCB Bancorp's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-61.12.
FNCB Bancorp Accounts Receivable Historical Data
The historical data trend for FNCB 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.
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
FNCB 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.
FNCB Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), FNCB Bancorp's accounts receivable are only considered to be worth 75% of book value:
FNCB Bancorp's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:
* 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.
FNCB Bancorp Accounts Receivable Related Terms
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FNCB Bancorp Inc is a bank holding company. The Bank provides a wide variety of traditional banking products and services to individuals and businesses, including online, mobile and telephone banking, debit cards, check imaging and electronic statements. Deposit products include various checking, savings, and certificate of deposit products, as well as a line of preferred products for higher-balance customers. The Bank provides products and services including Retail Banking, Lending Activities, Wealth Management and Deposit Activities.
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