Premier Financial (Premier Financial) Change In Receivables : $-13.7 Mil (TTM As of Mar. 2024)

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What is Premier Financial Change In Receivables?

Premier Financial's change in receivables for the quarter that ended in Mar. 2024 was $-11.3 Mil. It means Premier Financial's Accounts Receivable increased by $11.3 Mil from Dec. 2023 to Mar. 2024 .

Premier Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $-5.3 Mil. It means Premier Financial's Accounts Receivable increased by $5.3 Mil from Dec. 2022 to Dec. 2023 .

Premier Financial's Accounts Receivable for the quarter that ended in Mar. 2024 was $34.8 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. Premier Financial's Days Sales Outstanding for the three months ended in Mar. 2024 was 53.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Premier Financial's liquidation value for the three months ended in Mar. 2024 was $-6,526.5 Mil.

Premier Financial Change In Receivables Historical Data

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

Premier Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-6.92

-14.73

-5.76

-8.07

-5.33

Premier 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															-2.84	-4.23	-13.47	15.21	-11.25

Premier 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 $-13.7 Mil.

Premier Financial (NAS:PFC) 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.

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 liquidation value, Premier Financial's accounts receivable are only considered to be worth 75% of book value:

Premier 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)
=	1104.114	-	7656.713	+	0.75 * 34.795	+	0.5 * 0
=	-6,526.5

Premier Financial Change In Receivables 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 » Change In Receivables

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