Peoples (Peoples) Accounts Receivable : $1.50 Mil (As of Dec. 2022)

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What is Peoples Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Peoples's accounts receivables for the quarter that ended in Dec. 2022 was $1.50 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Peoples's Days Sales Outstanding for the quarter that ended in Dec. 2022 was 14.64.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Peoples's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-530.20.

Peoples Accounts Receivable Historical Data

The historical data trend for Peoples'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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Peoples Accounts Receivable Chart

Peoples Annual Data

Trend

Dec21

Dec22

Accounts Receivable

0.96

1.50

Peoples Semi-Annual Data
	Dec21	Dec22
Accounts Receivable	0.96	1.50

Peoples Accounts Receivable Calculation

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

Peoples 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.

Peoples's Days Sales Outstanding for the quarter that ended in Dec. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.495	/	18.64	*	91
=	14.64

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

Peoples's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 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)
=	(73.022	+	0.75 * 1.495	+	0.5 * 0	-	505.687
-	0	-	0)	/	0.81393
=	-530.20

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.

Peoples Accounts Receivable Related Terms

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Peoples (Peoples) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Peoples Ltd (OTCPK:PPLL) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

76 Church Street, P.O. Box 217, Wyalusing, PA, USA, 18853

Website

https://www.psbanking.com

Peoples Ltd is engaged in providing banking services. It provides a full range of basic financial services to individuals, small businesses, and corporate customers, from various sectors, such as manufacturing, retail, and agriculture.