Calvin B. Taylor Bankshares (Calvin B. Taylor Bankshares) Accounts Receivable : $2.31 Mil (As of Mar. 2024)

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What is Calvin B. Taylor Bankshares Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Calvin B. Taylor Bankshares's accounts receivables for the quarter that ended in Mar. 2024 was $2.31 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Calvin B. Taylor Bankshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 26.29.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Calvin B. Taylor Bankshares's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-220.76.

Calvin B. Taylor Bankshares Accounts Receivable Historical Data

The historical data trend for Calvin B. Taylor Bankshares'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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Calvin B. Taylor Bankshares Accounts Receivable Chart

Calvin B. Taylor Bankshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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1.18

2.40

1.70

2.04

2.46

Calvin B. Taylor Bankshares 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															2.02	2.13	2.18	2.46	2.31

Calvin B. Taylor Bankshares Accounts Receivable Calculation

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

Calvin B. Taylor Bankshares 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.

Calvin B. Taylor Bankshares's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2.312	/	8.026	*	91
=	26.29

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

Calvin B. Taylor Bankshares'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)
=	(149.92	+	0.75 * 2.312	+	0.5 * 0	-	756.899
-	0	-	0)	/	2.74164
=	-220.76

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.

Calvin B. Taylor Bankshares Accounts Receivable Related Terms

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Calvin B. Taylor Bankshares (Calvin B. Taylor Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Calvin B. Taylor Bankshares Inc (OTCPK:TYCB) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24 North Main Street, P.O. Box 5, Berlin, MD, USA, 21811

Website

https://www.taylorbank.com

Calvin B. Taylor Bankshares Inc is a part of the financial service domain. As a holding company for Calvin B. Taylor Banking Company, it offers a wide range of loan, deposit and ancillary banking services through both physical and digital delivery channels to corporate and individual clients. The company's banking operations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia. The Bank also operates a Loan Production Office in Onley, Virginia.

Executives

Louis H Taylor	director	12329 VIVIAN STREET, BISHOPVILLE MD 21813
Michael Dean Lewis	officer: Treasurer/Prin Financial Offcr	303 POWELL CIRCLE, BERLIN MD 21811
Bergey James R Jr	director	6213 SOUTH POINT RD, BERLIN MD 21811
Charlotte K Cathell	director	36 PINEHURST ROAD, BERLIN MD 21811
Jennifer G Hawkins	other: Retired Officer (Treasurer)
Hale Harrison	director	1522 TEAL DRIVE, OCEAN CITY MD 21842
Todd E Burbage	director	9494 STEPHEN DECATUR HIGHWAY, BERLIN MD 21811
Joseph E Moore	director
William H Mitchell	director, officer: Vice President	24 N MAIN ST, BERLIN MD 21811
Cropper Reese F Iii	director	9501 ABACO LANE, OCEAN CITY MD 21842
Bunting George H Jr	director	24 N MAIN ST, P O BOX 5, BERLIN MD 21811
Bergey James R Sr	other: Retired director	PO BOX 234, BISHOPVILLE MD 21813
David Kenneth Bates	officer: Secretary	24 NORTH MAIN STREET, BERLIN MD 21811
Cropper Reese F Jr	director, officer: Chairman & CEO	9620 OCEAN VIEW LANE, OCEAN CITY MD 21842
Quillin Michael L Sr	director	P O BOX 248, OCEAN CITY MD 21843