South Plains Financial (South Plains Financial) Change In Receivables : $-2.6 Mil (TTM As of Mar. 2024)

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What is South Plains Financial Change In Receivables?

South Plains Financial's change in receivables for the quarter that ended in Mar. 2024 was $6.5 Mil. It means South Plains Financial's Accounts Receivable declined by $6.5 Mil from Dec. 2023 to Mar. 2024 .

South Plains Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-8.5 Mil. It means South Plains Financial's Accounts Receivable increased by $8.5 Mil from Dec. 2022 to Dec. 2023 .

South Plains Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $16.6 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. South Plains Financial's Days Sales Outstanding for the three months ended in Mar. 2024 was 33.39.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. South Plains Financial's liquidation value for the three months ended in Mar. 2024 was $-2,826.0 Mil.

South Plains Financial Change In Receivables Historical Data

The historical data trend for South Plains Financial'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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South Plains Financial Change In Receivables Chart

South Plains Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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0.32

-3.08

3.38

-1.07

-8.50

South Plains Financial Quarterly Data
	Jun19	Sep19	Dec19	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															0.61	-5.37	0.02	-3.76	6.50

South Plains Financial 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 $-2.6 Mil.

South Plains Financial (NAS:SPFI) 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.

South Plains Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	16.605	/	45.38	*	91
=	33.39

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

South Plains Financial'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)
=	971.808	-	3810.281	+	0.75 * 16.605	+	0.5 * 0
=	-2,826.0

South Plains Financial Change In Receivables Related Terms

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South Plains Financial (South Plains Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » South Plains Financial Inc (NAS:SPFI) » Definitions » Change In Receivables

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Traded in Other Exchanges

4S4:Germany

Address

5219 City Bank Parkway, Lubbock, TX, USA, 79407

Website

https://www.spfi.bank

South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.

Executives

Richard D Campbell	director, 10 percent owner	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Curtis C Griffith	director, 10 percent owner, officer: Chairman & CEO	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Noe G Valles	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Newsom Cory T	director, officer: President	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Mikella D Newsom	officer: Chief Risk Officer & Secretary	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kelly L. Deterding	other: President - Windmark Insurance	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Steven B Crockett	officer: CFO and Treasurer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kyle R Wargo	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Allison Navitskas	director	511 E JOHN CARPENTER FREEWAY, IRVING TX 75062
Cynthia B Keith	director	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kevin R Bass	officer: Chief Credit Officer	5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544