Premier Financial (Premier Financial) Accounts Receivable : $34.8 Mil (As of Mar. 2024)

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What is Premier Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Premier Financial's accounts receivables for the quarter that ended in Mar. 2024 was $34.8 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Premier Financial's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 53.17.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Premier Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-182.22.

Premier Financial Accounts Receivable Historical Data

The historical data trend for Premier Financial'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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Premier Financial Accounts Receivable Chart

Premier Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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10.24

25.43

20.77

28.71

33.45

Premier Financial 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															29.39	30.06	34.65	33.45	34.80

Premier Financial Accounts Receivable Calculation

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

Premier Financial 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.

Premier 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
=	34.795	/	59.72	*	91
=	53.17

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

Premier Financial'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)
=	(1104.114	+	0.75 * 34.795	+	0.5 * 0	-	7656.713
-	0	-	0)	/	35.8168
=	-182.22

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.

Premier Financial Accounts Receivable Related Terms

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Premier Financial (Premier Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Premier Financial Corp (NAS:PFC) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Clinton Street, Defiance, OH, USA, 43512

Website

https://www.premierfincorp.com

Premier Financial Corp is a financial holding company that operates as a community banking and financial services corporation. It offers a broad range of financial services through its subsidiaries including checking accounts, savings accounts, certificates of deposit, real estate mortgage loans, commercial loans, consumer loans, home equity loans, and trust and wealth management services.

Executives

Rose Dennis E Jr	officer: EVP, First Federal Bank	601 CLINTON STREET, DEFIANCE OH 43512
Donald P. Hileman	officer: Executive Vice President, CFO	601 CLINTON STREET, DEFIANCE OH 43512
Rick L. Hull	officer: EVP Head of Commercial Banking	44 AUBURN AVENUE SE, NORTH CANTON OH 44720
John Michael Houpt	officer: EVP, Chief Credit Officer	601 CLINTON STREET, DEFIANCE OH 43512
Louis Michael Altman	director	1111 EASTWOOD STREET NE, CANTON OH 44714
Craig Sciara	officer: EVP, Chief Credit Officer	601 CLINTON STREET, DEFIANCE OH 43512
Terri A Bettinger	director	601 CLINTON STREET, DEFIANCE OH 43512
Richard J Schiraldi	director	275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503
Jason Gendics	officer: See Remarks	275 WEST FEDERAL STREET, YOUNGSTOWN OH 44503-1203
Nikki Robinson Lanier	director	601 CLINTON STREET, DEFIANCE OH 43512
Samuel S Strausbaugh	director	601 CLINTON ST., DEFIANCE OH 43512
Varun Chandhok	officer: EVP, Chief Information Officer	601 CLINTON STREET, DEFIANCE OH 43512
Tina Nutter	officer: EVP, Chief Risk Officer	601 CLINTON STREET, DEFIANCE OH 43512
Shannon M Kuhl	officer: EVP, Chief Legal Officer	255 E FIFTH STREET, SUITE 2900, CINCINNATI OH 45202
Jude J. Nohra	officer: See Remarks	275 FEDERAL PLAZA WEST, YOUNGSTOWN OH 44503