Summit State Bank (Summit State Bank) Change In Receivables : $-3.00 Mil (TTM As of Mar. 2024)

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What is Summit State Bank Change In Receivables?

Summit State Bank's change in receivables for the quarter that ended in Mar. 2024 was $0.51 Mil. It means Summit State Bank's Accounts Receivable declined by $0.51 Mil from Dec. 2023 to Mar. 2024 .

Summit State Bank's change in receivables for the fiscal year that ended in Dec. 2023 was $-1.61 Mil. It means Summit State Bank's Accounts Receivable increased by $1.61 Mil from Dec. 2022 to Dec. 2023 .

Summit State Bank's Accounts Receivable for the quarter that ended in Mar. 2024 was $0.00 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. Summit State Bank's Days Sales Outstanding for the three months ended in Mar. 2024 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Summit State Bank's liquidation value for the three months ended in Mar. 2024 was $-860.77 Mil.

Summit State Bank Change In Receivables Historical Data

The historical data trend for Summit State Bank'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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Summit State Bank Change In Receivables Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-0.14

-1.51

-0.51

-3.62

-1.61

Summit State Bank 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															1.90	-1.87	-1.89	0.25	0.51

Summit State Bank 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 $-3.00 Mil.

Summit State Bank (NAS:SSBI) 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.

Summit State Bank's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	8.36	*	91
=	0.00

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

Summit State Bank'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)
=	121.544	-	982.313	+	0.75 * 0	+	0.5 * 0
=	-860.77

Summit State Bank Change In Receivables Related Terms

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Summit State Bank (Summit State Bank) Business Description

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Address

500 Bicentennial Way, Santa Rosa, CA, USA, 95403

Website

https://www.summitstatebank.com

Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within the primary service area of Sonoma County in California, however, it also considers and makes loans to borrowers primarily from Marin, Napa, and San Francisco counties. The bank provides a broad array of financial services to small to medium-sized businesses and their owners and employees, entrepreneurs, high-net-worth families, foundations, estates, and individual consumers. Its lending activities are primarily focused on commercial real estate, construction, and business loans to targeted clientele. The bank also has loan production offices in California (Roseville, Irvine, and Tustin), Arizona (Scottsdale), Texas (Montgomery), and Washington (Mukilteo).