Citizens National (Citizens National) Change In Receivables : $0.00 Mil (TTM As of Mar. 2006)

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What is Citizens National Change In Receivables?

Citizens National's change in receivables for the quarter that ended in Mar. 2006 was $0.00 Mil. It means Citizens National's Accounts Receivable stayed the same from Dec. 2005 to Mar. 2006 .

Citizens National's change in receivables for the fiscal year that ended in Dec. 2005 was $0.00 Mil. It means Citizens National's Accounts Receivable stayed the same from Dec. 2004 to Dec. 2005 .

Citizens National's Accounts Receivable for the quarter that ended in Mar. 2006 was $1.70 Mil.

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 Receivable are being managed. Citizens National's Days Sales Outstanding for the three months ended in Mar. 2006 was 36.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Citizens National's liquidation value for the three months ended in Mar. 2006 was $-318.37 Mil.

Citizens National Change In Receivables Historical Data

The historical data trend for Citizens National's Change In Receivables 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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Citizens National Change In Receivables Chart

Citizens National Annual Data

Trend

Dec03

Dec04

Dec05

Change In Receivables

Citizens National Quarterly Data
	Sep92	Dec92	Mar93	Jun93	Sep93	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06
Change In Receivables	Get a 7-Day Free Trial									-	-	-	-	-

Citizens National Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2006 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.00 Mil.

Citizens National (OTCPK:CZNL) Change In Receivables 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 Receivable are being managed.

Citizens National's Days Sales Outstanding for the quarter that ended in Mar. 2006 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1.702	/	4.239	*	91
=	36.64

2. In Ben Graham's calculation of liquidation value, Citizens National's accounts receivable are only considered to be worth 75% of book value:

Citizens National's liquidation value for the quarter that ended in Mar. 2006 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	13.123	-	332.773	+	0.75 * 1.702	+	0.5 * 0
=	-318.37

Citizens National Change In Receivables Related Terms

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Citizens National (Citizens National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citizens National Corp (OTCPK:CZNL) » Definitions » Change In Receivables

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Address

620 Broadway, Paintsville, KY, USA, 41240

Website

https://www.wercitizens.bank

Citizens National Corp provides banking services. The company provides all necessary banking services and products to its customers. Its deposit products are checking, savings, and term certificate accounts, and its lending products are residential mortgage, commercial, and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets, and commercial and residential real estate. Commercial loans are expected to be repaid from cash flow from the operations of businesses.

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