CrossFirst Bankshares (CrossFirst Bankshares) Change In Receivables : $-6.8 Mil (TTM As of Mar. 2024)

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What is CrossFirst Bankshares Change In Receivables?

CrossFirst Bankshares's change in receivables for the quarter that ended in Mar. 2024 was $-0.5 Mil. It means CrossFirst Bankshares's Accounts Receivable increased by $0.5 Mil from Dec. 2023 to Mar. 2024 .

CrossFirst Bankshares's change in receivables for the fiscal year that ended in Dec. 2023 was $-7.1 Mil. It means CrossFirst Bankshares's Accounts Receivable increased by $7.1 Mil from Dec. 2022 to Dec. 2023 .

CrossFirst Bankshares's Accounts Receivable for the quarter that ended in Mar. 2024 was $37.8 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. CrossFirst Bankshares's Days Sales Outstanding for the three months ended in Mar. 2024 was 55.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CrossFirst Bankshares's liquidation value for the three months ended in Mar. 2024 was $-6,529.1 Mil.

CrossFirst Bankshares Change In Receivables Historical Data

The historical data trend for CrossFirst Bankshares'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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CrossFirst Bankshares Change In Receivables Chart

CrossFirst Bankshares Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-1.62

-1.52

1.21

-10.97

-7.09

CrossFirst Bankshares 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															-0.88	-2.92	-1.82	-1.48	-0.54

CrossFirst Bankshares 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 $-6.8 Mil.

CrossFirst Bankshares (NAS:CFB) 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	37.833	/	62.183	*	91
=	55.52

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

CrossFirst Bankshares'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)
=	207.3	-	6764.761	+	0.75 * 37.833	+	0.5 * 0
=	-6,529.1

CrossFirst Bankshares Change In Receivables Related Terms

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CrossFirst Bankshares (CrossFirst Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CrossFirst Bankshares Inc (NAS:CFB) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

11440 Tomahawk Creek Parkway, Leawood, KS, USA, 66211

Website

https://www.crossfirstbank.com

CrossFirst Bankshares Inc is engaged in providing banking and financial services to businesses, business owners, professionals, and professional networks. The services offered by the company include Checking accounts, Savings accounts, Personal Loans, International Banking, Business Loans, and Treasury services. The company generates revenue from interest income and fees on loans and interest earned from its marketable securities portfolio.

Executives

Hansen George E. Iii	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael Kent Robinson	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
James W. Kuykendall	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Michael John Daley	officer: Chief Accounting Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jennifer M Payne	officer: Chief Risk Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Mason King	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
George Bruce	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Lance Humphreys	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Benjamin R Clouse	officer: CFO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Amy C. Abrams	officer: General Counsel & Corp Sec	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jana Merfen	officer: CHIEF TECHNOLOGY OFFICER	11440 TOMAHAWK CREEK PKWY, LEAWOOD KS 66211
Mike Maddox	director	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
David L. O'toole	director, officer: CFO and Investment Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Jones George F Jr	director, officer: President and CEO	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211
Steve M Peterson	officer: Chief Banking Officer	11440 TOMAHAWK CREEK PARKWAY, LEAWOOD KS 66211