Amalgamated Financial (Amalgamated Financial) Change In Receivables : $-12.6 Mil (TTM As of Mar. 2024)

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What is Amalgamated Financial Change In Receivables?

Amalgamated Financial's change in receivables for the quarter that ended in Mar. 2024 was $2.0 Mil. It means Amalgamated Financial's Accounts Receivable declined by $2.0 Mil from Dec. 2023 to Mar. 2024 .

Amalgamated Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-14.0 Mil. It means Amalgamated Financial's Accounts Receivable increased by $14.0 Mil from Dec. 2022 to Dec. 2023 .

Amalgamated Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $53.4 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. Amalgamated Financial's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Amalgamated Financial's liquidation value for the three months ended in Mar. 2024 was $-5,796.4 Mil.

Amalgamated Financial Change In Receivables Historical Data

The historical data trend for Amalgamated 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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Amalgamated Financial Change In Receivables Chart

Amalgamated Financial Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-4.70

-4.88

-4.85

-12.62

-14.04

Amalgamated 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															0.60	-3.26	-3.64	-7.74	2.05

Amalgamated 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 $-12.6 Mil.

Amalgamated Financial (NAS:AMAL) 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.

Amalgamated 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
=	53.436	/	76.194	*	91
=	63.99

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

Amalgamated 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)
=	1683.255	-	7519.744	+	0.75 * 53.436	+	0.5 * 0
=	-5,796.4

Amalgamated Financial Change In Receivables Related Terms

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Amalgamated Financial (Amalgamated Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Amalgamated Financial Corp (NAS:AMAL) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

A0B0:Germany

Address

275 Seventh Avenue, New York, NY, USA, 10001

Website

https://www.amalgamatedbank.com

Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers a range of products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.

Executives

Finser Mark	director	275 SEVENTH AVE., NEW YORK NY 10001
Jason Darby	officer: Executive VP	275 SEVENTH AVE., NEW YORK NY 10001
Sam D. Brown	officer: Executive VP	275 SEVENTH AVE., NEW YORK NY 10001
Amalgamated Financial Corp.	10 percent owner, other: Workers United	275 SEVENTH AVE., NEW YORK NY 10001
Mandy Tenner	officer: Executive VP, General Counsel	275 SEVENTH AVE., NEW YORK NY 10001
Sean Searby	officer: EVP, Operations & Program Mgmt	275 SEVENTH AVENUE, NEW YORK NY 10001
Tyrone Graham	officer: EVP, Chief HR Officer	275 7TH AVENUE, NEW YORK NY 10001
Maryann Bruce	director	C/O MBIA INC., 113 KING STREET, ARMONK NY 10504
Ina Narula	officer: EVP, Chief Risk Officer	275 7TH AVENUE, NEW YORK NY 10001
Leslie Veluswamy	officer: Executive Vice President & CAO	300 CADMAN PLAZA WEST, 8TH FLOOR, BROOKLYN NY 11201
Ronald W Burkle	10 percent owner
Yucaipa Corporate Initiatives Fund Ii Lp	10 percent owner	9130 West Sunset Boulevard, Los Angeles CA 90069
Yucaipa Corporate Initiatives (parallel) Fund Ii Lp	10 percent owner	9130 West Sunset Boulevard, Los Angeles CA 90069
Meredith Miller	director	275 SEVENTH AVE., NEW YORK NY 10001
Margaret Matilda Lanning	officer: EVP, Chief Credit Risk Officer	275 7TH AVENUE, NEW YORK NY 10001