Hanover Bancorp (Hanover Bancorp) Change In Receivables : $-2.18 Mil (TTM As of Mar. 2024)

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What is Hanover Bancorp Change In Receivables?

Hanover Bancorp's change in receivables for the quarter that ended in Mar. 2024 was $-0.46 Mil. It means Hanover Bancorp's Accounts Receivable increased by $0.46 Mil from Dec. 2023 to Mar. 2024 .

Hanover Bancorp's change in receivables for the fiscal year that ended in Sep. 2022 was $0.82 Mil. It means Hanover Bancorp's Accounts Receivable declined by $0.82 Mil from Sep. 2021 to Sep. 2022 .

Hanover Bancorp's Accounts Receivable for the quarter that ended in Mar. 2024 was $12.38 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. Hanover Bancorp's Days Sales Outstanding for the three months ended in Mar. 2024 was 68.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hanover Bancorp's liquidation value for the three months ended in Mar. 2024 was $-1,880.02 Mil.

Hanover Bancorp Change In Receivables Historical Data

The historical data trend for Hanover Bancorp'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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Hanover Bancorp Change In Receivables Chart

Hanover Bancorp Annual Data

Trend

Sep20

Sep21

Sep22

Change In Receivables

-3.50

1.92

0.82

Hanover Bancorp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial												-0.67	0.01	-0.45	-1.28	-0.46

Hanover Bancorp 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.18 Mil.

Hanover Bancorp (NAS:HNVR) 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.

Hanover Bancorp's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	12.379	/	16.511	*	91
=	68.41

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

Hanover Bancorp's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	228.659	-	2117.965	+	0.75 * 12.379	+	0.5 * 0
=	-1,880.02

Hanover Bancorp Change In Receivables Related Terms

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Hanover Bancorp (Hanover Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanover Bancorp Inc (NAS:HNVR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Jericho Turnpike, Mineola, NY, USA, 11501

Website

https://www.hanoverbank.com

Hanover Bancorp Inc is a United States-based banking company. It offers a full range of financial services and employs a complete suite of consumer and commercial banking products and services, including multi-family and commercial mortgages, residential loans, business loans, and lines of credit.

Executives

Philip A Okun	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Elena Sisti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John P Vivona	officer: FSVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 E JERICHO TURNPIKE, MINEOLA NY 11501
Katz Michael David M.d.	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Alice T Rouse	officer: EVP & Chief Risk Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Kevin Corbett	officer: EVP & Chief Credit Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Mcclelland W Wilcox	officer: SEVP, C.Lending & Revenue Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
John R Sorrenti	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Metin Negrin	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Ahron H Haspel	director	220 EAST 65TH STREET, APT. 24G, NEW YORK NY 10065-6629
Lance P Burke	officer: EVP & Chief Financial Officer	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Lisa A Diiorio	officer: FSVP & Chief Accounting Off.	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Varkey Abraham	director	C/O HANOVER BANCORP, INC., 80 EAST JERICHO TURNPIKE, MINEOLA NY 11501
Robert Golden	director	C/O GOLDEN PROPERTIES GROUP, LLC, 420 DOUGHTY BLVD., INWOOD NY 11096
Brian K Finneran	officer: President	C/O SUFFOLK BANCORP, 4 WEST SECOND STREET, P.O. BOX 9000, RIVERHEAD NY 11901