Morris State Bancshares (Morris State Bancshares) Accounts Receivable : $5.97 Mil (As of Mar. 2024)

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What is Morris State Bancshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Morris State Bancshares's accounts receivables for the quarter that ended in Mar. 2024 was $5.97 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Morris State Bancshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 38.41.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Morris State Bancshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-110.37.

Morris State Bancshares Accounts Receivable Historical Data

The historical data trend for Morris State 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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Morris State Bancshares Accounts Receivable Chart

Morris State Bancshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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3.96

4.76

4.65

5.34

6.42

Morris State 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															4.96	5.22	5.59	6.42	5.97

Morris State Bancshares Accounts Receivable Calculation

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

Morris State 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.

Morris State 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
=	5.965	/	14.17	*	91
=	38.41

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

Morris State 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)
=	(75.3	+	0.75 * 5.965	+	0.5 * 0	-	1247.448
-	0	-	0)	/	10.5796
=	-110.37

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.

Morris State Bancshares Accounts Receivable Related Terms

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Morris State Bancshares (Morris State Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Morris State Bancshares Inc (OTCPK:MBLU) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

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Address

1300 Bellevue Avenue, Dublin, GA, USA, 31021

Website

https://www.morris.bank

Morris State Bancshares Inc operates as a bank. It provides a variety of financial services to individuals and small businesses through its offices in middle Georgia. The Bank offers a full range of commercial and personal loan products. It makes loans to individuals for purposes such as home mortgage financing, personal vehicles and various consumer purchases, and other personal and family needs. Commercial loans are offered to businesses for purposes such as providing equipment and machinery purchases, commercial real estate purchases, and working capital. The Bank also provides a full range of deposit services that are typically available from financial institutions, including NOW accounts, demand, savings, and other time deposits.

Morris State Bancshares (Morris State Bancshares) Headlines

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